News from Poland December 2025

Tania Sen
13 sty
21 minut(y) czytania

GDP growth 3,5-3,7% in 2026?

GUS estimated GDP in Q3 2025 at 3.8%, reflecting stronger domestic demand and improving industrial output. Additionally, ING Bank Śląski’s Macroanalyses Office (Kurier Ekonomiczny ING: Prognozy na 2026) gave an estimate that Poland’s GDP will grow by 3.5-3.7% y/y in 2026.

Other key indicators for December include a CPI inflation rate dropping to 2.5%, the NBP's reference interest rate set now at 4.00%, and a EUR/PLN exchange rate stable at 4.23. The average monthly gross salary in October reached first time 9,000 PLN milestone, up 7.1% year-on-year, while registered unemployment stood at 5.6%. The minimum gross salary will be rising to apprx 1,128 EUR from January 2026. Source, Source, Source, Source

Economic indicators in Poland December 2025, Image: Spondeo

Sejm approved 2026 budget, deficit reaching 6,5% of GDP

Polish Sejm approved the budget for the next year 2026. High level figures are:

Revenues of 647.2 billion PLN (~151 billion EUR)
Expenditures of 918.9 billion PLN (~214 billion EUR)
... and leaving the deficit of 271.7 billion PLN (~63.5 billion EUR)
The budget deficit equals to around 6.5% of GDP and exceeds the constitutional debt threshold.

Analysts warn of fiscal instability, noting the figure is only slightly lower than about the 68.52 billion EUR deficit that was planned for this year (2025). The budget allocates large sums to defense (around 200 billion PLN) and healthcare (around 247 billion PLN). Source, Source

Inflation falls to 2,5% in November

Polish inflation rate (CPI) for November fell to 2,5% (2,8% in October) and is now at the Central Bank's target levels. For economic indicator lovers, have a look at NBP's inflation report in ENG: Source

Interest rate now at 4%

Interest rate cuts in Poland - picture by Spondeo, data: NBP

The Monetary Policy Council cut the NBP reference rate by 0.25 pp to 4.00% at its December meeting, adjusting other key rates accordingly. The decision followed easing inflation, with CPI falling to 2.5% y/y in November and core inflation also declining. Economic activity remained solid, as GDP grew 3.8% y/y in Q3 and retail sales and industrial output increased in October. The Council noted ongoing uncertainty and mentioned fiscal policy, wage dynamics and energy prices as key inflation risks. Poland’s interest rate peaked at 6.75% back in mid‑2022, and this year's rate cuts have taken it down by 1,75%. Since inflation has fallen steadily under 3% and reaching the target level of 2,5%, some rate cuts are again expected in 2026. Source, Source, Source Source

Labor market: Average salary reached first time 9,000 PLN; drop in job postings

Monthly salary in Poland 2025, image by Spondeo

In November 2025, Poland’s average monthly salary reached 9,000 PLN! The figure is now at 9,078 PLN (2,151 EUR), after 7.1% increase year-on-year (higher than in October).

However, November saw the sharpest monthly drop in job postings in a year, with declines across all professional groups except physical labor. Only Podkarpackie, Lubelskie, and Pomorskie recorded slight increases, while Warmińsko-Mazurskie, Zachodniopomorskie, and Łódzkie saw the steepest declines. Source, Source

Layoff data shows job losses

Layoff data showed that in 2024, over 37,000 workers lost jobs. During 2025, major employers such as Poczta Polska, Carrefour, Black Red White, Oriflame, Beko Europe, Intel and Collins Aerospace have announced further cuts, affecting more than 10,000 staff. Retail, construction, industry, transport, and technology are among the hardest hit sectors. Source

Poland on the 10th place in economy

The Economist magazine ranked Poland among the ten hottest economies of 2025, citing strong GDP growth, relatively contained inflation and good mood in the stock market. Portugal won the title “Economy of the Year” for rapid expansion and low price pressures, while Poland followed Czechia and Slovenia but outperformed Germany, France, and the United States. Source

PRODUCTION & MANUFACTURING

Poland’s industrial output fell 1.1% y/y and 9.3% m/m in November, though year‑to‑date production remains higher than in 2024, driven by capital spending and new sectors. Source

Rockfin (Polish industrial systems manufacturer) was acquired by a consortium of Capmont and Rafał Brzoska’s RIO ASI, following its sale by Czech fund Jet Investment. Source

Grupa Azoty Polyolefins (chemicals, PL) initiated restructuring. The company lost the ability to meet financial obligations, while technical failures halted production and sales at the unfinished Polimery Police (note: Police is a city in Poland) installation. Source, Source

Canpack (packaging manufacturer, PL) completes the structural phase of a new production and warehouse hall in Bydgoszcz. Source, Source

Polish furniture industry sees recovery in production and exports, though growth remains below pre‑pandemic success. Source

Kumho Tire (automotive, KR) will invest ~460 million EUR in a new factory in Opole, producing up to 6 million tires annually and benefiting incentives from the WSSE Special Economic Zone. Source

Poland’s agri‑food exports surged in the first ten months of 2025. The harvest of cereals increased 6.7%. Source

Develey Polska (food producer, DE/PL) opened a new production plant in Łęczyca to expand sauce and condiment manufacturing. Source

Mlekpol (dairy cooperative, PL) continues investments worth hundreds of millions of PLN despite market turbulence. Source

Goodvalley’s (meat producer, Polish/Danish ownership) CEO highlights the company’s full farm‑to‑table chain integration. Source

Bio Planet (organic food distributor, PL) reported its strongest results in years, improving profitability and liquidity across three quarters of 2025. Source

Intermag (fertilizer & biostimulant producer, PL) will modernize and expand its Olkusz plant with an investment of nearly 50 million PLN (~11.9 million EUR). Source, Source, Source

SkyFood (food tech, PL) leased 1,000 sq m in Brzeg’s Wałbrzych Special Economic Zone to produce self‑heating ready meals for military and rescue markets. Source

Roșii Românești (Romanian subsidiary of Citronex - Polish agrifood, logistics and greenhouse‑production group) is investing 20 million EUR in Romania to build the country’s largest tomato‑growing greenhouse complex. Source, Source

Displate (pop‑culture collectibles, PL) is intensifying its US expansion (despite tariffs) with metal posters, targeting sales of 1 billion units. Source

IT, INFORMATION AND COMMUNICATION

Nexera (fiber-optic operator, PL) was acquired by Orange and APG fund in a transaction valued at PLN 1.5 bn. Source

OpenAI (US AI company) acquired Polish startup Neptune.ai, which develops tools for training machine‑learning models. Source

cyber_Folks (IT & e‑commerce services, PL) acquired PrestaShop (online shop, PL), joining Sylius and Shoper to form a 35 billion EUR ecosystem. Source

FinQbit (Polish deeptech startup) raised ~720 thousand EUR to expand its quantum risk‑analysis platform for financial services. Source, Source

Sebastian Kulczyk acquires a polish tech company to expand into low‑code and ai solutions Source

Orange Polska (telecom operator, PL) signed a new social agreement with unions, with a reserve of ~36 million EUR set aside for severance and support packages. Source

PROFESSIONAL, SCIENTIFIC, TECHNICAL, FINANCIAL AND OTHER SERVICES

Polish companies in a last minute rush to implement KSeF?

Just 15% of Polish firms have taken concrete steps to prepare for the National e‑Invoice System (KSeF), which becomes mandatory for large companies in February 2026 and for others in April. Source

See Pagero's (part of Thomson Reuters) English guide to KSeF or download Polish version.

Warsaw city emerged as a prime European location for new data center investments. Source

Wałbrzych Special Economic Zone (investment zone, PL) promoted new industrial projects and investor opportunities. Source

PFR Ventures (a Polish state-owned fund-of-funds supporting VC investments) has committed capital to several VC funds. Source

Polish satellites successfully established communication with earth after falcon 9 launch. Source, Source

Polish investor Piotr Łagowski is supporting PadelCity (sports operator, DE), Germany’s largest padel company, with entering Poland. Three sites planned and perhaps 7 more in 2026. Source

Profitroom (hotel tech, PL), backed by MCI (investment fund, PL), operates in 60+ countries with ambitions to become the global leader in hotel reservation systems. Source

BioResearch Pharma (pharma R&D, PL) raised ~4.1 million EUR to advance therapies for alopecia and psoriasis. Source

Jutro Medical (healthcare, PL) secured ~23 million EUR from investors and mBank to expand to operate 100 NFZ‑contracted facilities by 2029, using technology to reduce waiting times and improve access to doctors. Source

TRANSPORT & LOGISTICS

Panattoni (European branch of US owned industrial real‑estate developer) has started building 102,000 sq m of new logistics space near Wrocław, expanding its Wrocław Campus 2 project to 160,000 sq m. Source

Pesa (rail vehicles, Poland) signs a contract to deliver 20 new trams for Kraków worth 461.1 million PLN (~106.1 million EUR). Source, Source

LOT (airline, PL) lost the race for Czech carrier Smartwings to Turkish investors and may now target Latvia for expansion. Source

Rafał Szydłowski joined the Management Board of Orlen Paczka (logistics operator, PL). This year the company achieved 150% growth, added advanced sorting systems, opened new distribution centers, cooped with Poczta Polska and more. Source, Source

Mirbud (construction, PL) and Adamietz (construction, PL) have advanced to the next stage of bidding for Port Polska terminal worth ~1.17 billion EUR. Source

ZUE (rail infrastructure, PL) signed a 2.6 billion PLN (~600 million EUR) contract with PKP PLK to modernize line 202 between Gdynia Chylonia and Lębork. Source

Olavion (Polish rail freight operator, owned by Unimot Group) is acquiring 60% of RBP (German rail personnel & transport services provider) for up to 8.4 million EUR. Source

7R (Polish industrial and logistics real‑estate developer) received a building permit for 7R Hub Nowa Huta, a 230,000 sq m tech‑production and logistics complex in Kraków worth ~230 million EUR. Source

RETAIL & FMCG

Retail chain Biedronka (PL) faces a large fine after customers complained about unclear promotional rules Source

CEO of Green Factory (supplier of green veggies, PL) shares success points about the acquisition of the three Eisberg companies. Green Factory also provides McDonald’s (fast food, USA) with products across 12 countries. Source, Source

Unilever (FMCG, UK/NL) is investing nearly 23 million EUR to expand its Poznań plant with a high‑bay warehouse and new shipping hall. Source

Automarket (auto sales platform, Poland) challenges Otomoto (classifieds, Poland) with PKO Leasing (financial services, Poland) offering free listings. Source

LPP (fashion retailer, PL) entered Moldova with its Sinsay brand, marking its 45th international market. LPP also will invest ~610 million EUR to expand operations. In Q3 2025, the group posted net profit of ~184 million EUR. Sales of its Sinsay brand were the main growth driver. Source

SHEIN (fashion e‑commerce retailer, China) opened a major logistics hub near Wrocław, creating a big competition for local brands with cheap fast fashion. Source, Source

Eurocash (wholesale & retail group, PL) will cut 3,000 jobs and close 150 Delikatesy Centrum stores, shifting growth to Duży Ben franchise and Frisco online. Source

Pepco Group (retail, PL) opened 247 new stores in FY2025, lifting revenues to 4.52 billion EUR and net profit to 219 million EUR. Source

Spomlek (Polish dairy cooperative, farmer‑owned) saw its expansion plans disrupted by a sudden fall of milk prices by the end of 2025. Source

Poland’s new energy plan projects a smaller share of renewables in 2040

The Ministry of Energy presented an updated National Energy and Climate Plan for 2030-2040, revising forecasts for coal, renewables, and nuclear in Poland’s energy mix. The strategy envisions a reduced share of renewables by 2040 compared to earlier drafts, while expanding gas‑fired and nuclear capacity to secure supply. Source

2 billion EUR funding for BC-Wind farm project of Ocean Winds

Ocean Winds (offshore wind, FR/PT), a joint venture of Engie and EDP Renewables, agreed on about 2 billion EUR financing for the BC‑Wind project in Poland’s Baltic Sea. The package includes a 600 million EUR loan from the European Investment Bank, supported by InvestEU guarantees, plus funding from Spain’s ICO and 13 commercial banks. The 390 MW farm, located 23 km offshore near Krokowa and Choczewo, will feature 26 Siemens Gamesa turbines of up to 15 MW each and is scheduled to start operations in 2028. Source, Source

Rolls‑Royce explores nuclear reactor opportunities in Poland

Rolls‑Royce (aerospace & energy, UK) launched a Global Capability Centre in Kraków on 4th of December 2025, employing 120 staff and supporting finance, procurement, HR, data analysis, and project management across the group. The company already supplies diesel engines for Polish critical infrastructure, collaborates with the armed forces, and operates a joint venture plant in Ropczyce with Safran. Source

PGE starts with gas in Kraków, planning a heat hub

PGE Energia Ciepła (heat, utilities, PL), which supplies 70% of Kraków’s district heating, began a ~620 million EUR modernization of its EC Łęg facility. The first stage, worth around 212.4 million EUR, involves ten gas engines delivering 100 MWe and 100 MWt. By 2030, additional gas boilers, electrode units, and large heat pumps will enable full coal exit. Source, Source

ENGIE providing energy for Prologis

Prologis (a global leader in logistics real estate, US) concluded a wind power PPA agreement with ENGIE Zielona Energia, part of France’s ENGIE Group operating in Poland. The contract will be effective starting January 2026. ENGIE will supply Prologis with 335 GWh of wind power over five years, covering 67% of its Polish demand, plus another 165 GWh backed by origin guarantees for a total of 500 GWh. Source

Biorig and Solarig: biometan plants

Biorig (renewable gas, ES), a subsidiary of Solarig (energy, ES), announced a 1.5 billion PLN (~345 million EUR) program to build over 20 biomethane plants in Poland within five years. The facilities, located across seven Voivodeships, will generate about 1 TWh of green energy annually. Output will be supplied to industrial clients under long‑term contracts. Solarig already manages 15 GW of assets globally, while Biorig expands its European portfolio to over 60 projects. Source

Eurowind Energy and Sabowind

Eurowind Energy (from Denmark) finalized the purchase of Sabowind’s (DE) Polish assets, including six operating wind turbines with 12 MW capacity and 370 MW of wind and solar projects under development. Eurowind finds Poland as a strategic market, and the acquisition strengthens its pipeline with both operational assets and advanced projects, positioning the company for further expansion. Source

Battery storage new investors

After the rapid expansion of solar power, investors are now preparing large‑scale battery storage projects with capacities reaching several gigawatts. Analysts stress that 2026 will mark only the beginning of a decade of strong growth for this sector. Plans are expanding for storage capacity in Poland by 2030. Source

The ranking list for the Polish funding call Electricity Energy Storage Systems and Related Infrastructure has now been published. A short overview of the results released by the National Fund for Environmental Protection and Water Management (NFOŚiGW) can be found here: link.

Outcome of the call

183 energy storage projects have been selected for funding (all those with above 32 points in the last column).
Total public support: EUR 0.98 bn from the Modernisation Fund

Regarding the projects for which applications were submitted

Around 630 applications were submitted. 480 projects received a positive evaluation. From those 183 energy storage projects have been selected for funding.
Total planned investment volume: over EUR 16.57 bn.
Requested funding: approx. EUR 6.63 bn.
Total capacity of projects applying for support: >20 GW and approx. 122 GWh of storage.

Ascend Elements factory in WSSE

In Opole‑Wrzoski, within the Wałbrzych Special Economic Zone, American company Ascend Elements will build a plant producing battery components for electric vehicles. The project, valued at nearly 1.68 billion EUR, is scheduled for completion by 2031 and will create over 200 jobs. Ascend Elements, already cooperating with Elemental Group in recycling EV batteries, will establish one of Europe’s most advanced facilities. Source, Source

Tauron investing in gas unit

Tauron Polska Energia (utility, PL) approved construction of a 600 MW peak gas unit in Jaworzno. The project is part of the company’s strategy to balance Poland’s energy mix and strengthen grid stability, adding flexible generation capacity to complement renewables. Source

Enea: Kozienice CCGT project

Enea Elkogaz (energy, PL), a subsidiary of Enea, secured financing of up to about 1.6 billion EUR from a consortium including BGK, PKO BP, and Pekao for the Kozienice CCGT project. The package includes 450 million EUR in investment credit and nearly 1.04 billion EUR guaranteed by KUKE, plus 115 million EUR in revolvings. Source, Source

Enea Operator modernizing rural areas

Enea Operator (electricity distribution company, PL, a subsidiary of Enea that manages distribution networks across Poland) received funding of PLN 1.15 billion (~€273 million) from the National Fund for Environmental Protection and Water Management (NFOŚiGW) to expand and modernize electricity networks in rural areas. The total value of the projects is around PLN 1.53 billion (~€364 million). This financing will increase the capacity to connect renewable energy sources and improve electricity access in rural regions. Source

Polenergia: photovoltaic farm

Polenergia Farma Fotowoltaiczna 2 (solar energy project developer, PL) secured financing from mBank bringing total project funding to approximately 14.4 million EUR for the Rajkowy photovoltaic farm. The project will have an installed capacity of up to 35 MWp. Polenergia Farma Fotowoltaiczna 2, a subsidiary of Polenergia, is responsible for developing renewable energy projects in Poland and will use the credit to cover construction and related project expenses. Source, Source

Orlen and Synthos: new butadiene-extraction unit in Płock

ORLEN (state‑owned Polish energy and petrochemicals group) signed an agreement with Synthos (Polish private chemicals producer) to acquire 100% of S54, the company building a new butadiene-extraction unit in Płock. The deal is worth 160 million EUR and includes several accompanying agreements that reset and simplify the companies’ commercial relations. The unit will become part of ORLEN’s petrochemical value chain, processing the full C4 fraction and supplying raffinate for further production. The companies also revised their Czech cooperation, shortening the Butadien Kralupy JV horizon to 2038. Source

PSE's 17bn euro investment plans

PSE (Polish Transmission System Operator) announced a strategy to spend more than 17.2 billion EUR by 2040 on transmission network development. Plans include building 7,000 km of new high‑voltage lines, 28 substations, modernizing 3,500 km of existing lines, and expanding nearly 100 substations. The program aims to connect 70 GW of renewables, 24 GW of storage, and 33 GW of dispatchable sources including nuclear and SMRs. PSE also proposes reforms to the grid connection system and new capacity mechanisms. Source, Source

PGE (energy utility, PL) announced that CEO Dariusz Marzec has been dismissed, with supervisory board member Dariusz Lubera appointed acting president for three months. Source

ZPUE (energy equipment, PL) acquired a major German service provider for renewable energy, its largest takeover to date. Source

The housing market outlook for 2026 shows mixed signals

Different forecasts show that 2026 can mark a fundamental shift in Poland’s housing market: record‑high supply, intense price competition and better‑informed buyers may push prices down even as sales rise.The economy may grow, and interest rates decline, but slower wage increases and rising job uncertainty could weaken buyer confidence. New rules and higher building costs will reshape the sector. Rental returns should improve, making flats more attractive for investors again. Consolidation among developers is increasingly likely. Read different speculations from the links: Source, Source, Source

Short‑term rental regulation coming

From May 20th, 2026, all apartments and rooms rented on a daily basis in Poland must be entered into a central register. The Ministry announced administrative fines reaching ~12,000 EUR for landlords who fail to comply. Deputy Minister Ireneusz Raś explained that the measure is intended to reduce the grey economy in the rental market and ensure transparency. The regulation will apply nationwide, covering both professional operators and private owners. Source

November was a good month for developers

Polish developers sold 8.2% more new apartments in November compared to October, despite two long weekends. The Barometer of Housing Prices shows average prices per square meter in the ten largest cities slipped marginally by 0.02%. Regional differences were notable: increases in Tri‑City (+1.2%), Lublin (+0.75%), and Łódź (+0.6%), while Wrocław (‑2.9%) and Poznań (‑1.2%) saw declines. Year‑on‑year, flats cost 3.3% more, with Tri‑City leading at +9.2%. Source

WB Electronics secures 288 mln EUR order for fire‑control system components

WB Electronics, Poland’s largest supplier of command, communication, and battlefield technologies, accepted an order worth 1.2 billion PLN (~288 million EUR) from Huta Stalowa Wola (arms manufacturing, PL). The contract covers delivery of components for the ZSSW fire‑control system, engineering work, and training. Implementation is scheduled for 2026-2028. WB Electronics develops solutions in reconnaissance, command, fire‑control, strike systems, IT, and cybersecurity, supporting modernization of Polish and allied armed forces equipment. Source

In addition, on December 4th, 2025, at Huta Stalowa Wola, Polska Grupa Zbrojeniowa (defense, a capital group concentrating several dozen production plants, PL) delivered the first 15 serially produced amphibious Borsuk IFVs to the Polish Armed Forces. They will be deployed to the 15th Mechanized Brigade in Giżycko. Source

PIAST Falcon 9 launch

Creotech Instruments (space tech, PL) achieved a milestone with the participation in the launch of three PIAST nanosatellites on SpaceX’s (US) Falcon 9 on 28th of November 2025. The company confirmed two‑way communication and telemetry reception the following day. Built on the HyperSat platform, PIAST demonstrates Poland’s ability to design and integrate a complete satellite system. Creotech’s share price rose over 126% year‑to‑date, supported by contracts with ESA, Leonardo, and the Polish military. Source, Source

ICEYE and Rheinmetall with a massive deal

Rheinmetall ICEYE Space Solutions (joint venture between Rheinmetall - German defence group - and ICEYE - Finnish-Polish SAR satellite manufacturer and operator) secured a 1.7 billion EUR Bundeswehr contract for exclusive space‑based reconnaissance services. The JV will operate its own SAR satellite constellation, delivering high‑volume imagery, ground‑station operations and AI‑driven analysis. The system will support the German Army’s Lithuania Brigade and NATO’s eastern flank. Satellite production begins in 2026, with the contract running through 2030 and extension options included. The program, known as SPOCK 1, provides all‑weather, day‑night imaging with resolutions down to 16 cm. Source

PGZ partners with Brazilian company Embraer

Polska Grupa Zbrojeniowa (PGZ) (defense holding, PL) and Embraer (aerospace, BR) signed agreements establishing long‑term cooperation in aviation and defense. Five PGZ subsidiaries, including WZL‑1, WZL‑2, WSK PZL‑Kalisz, and WCBKT, will explore areas such as maintenance, repair, and overhaul (MRO) for KC‑390 aircraft, production of metal and composite parts, and development of ground support equipment. The partnership also covers C4ISR systems and training programs. Source, Source

PGZ bonds and acquisitions

PGZ (defense group, PL) is considering issuing corporate and retail bonds worth several billion EUR in 2026, enabling citizens to invest directly in national armament. Vice‑President Marcin Idzik confirmed discussions with PKO BP, Pekao, and BGK, which already provide credit lines and guarantees. PGZ expects 2025 revenues above 20 billion PLN (~4.7 billion EUR) and net profit of 2.5 billion PLN (~590 million EUR). Source

Defence.Hub financing

Defence.Hub (dual‑use defense tech developer, PL) signed a letter of intent and term sheet with Loft Capital to secure about 10 million PLN (~2.4 million EUR). The process is expected to close by January 31, 2026, with funds directed toward dual‑use technology projects. Management emphasized the capital will accelerate strategic growth in advanced defense and civilian applications. Source, Source, Source

Valmet modernizing Fortum’s plant in Poland

Valmet (process tech, FI) was selected to deliver a fuel conversion at Fortum’s (energy, FI) combined heat and power plant in Zabrze, Poland. The project, part of Fortum’s 85 million EUR modernization, will replace coal with certified local forest biomass and RDF. The upgrade reduces Fortum’s coal‑based capacity by 0.1 GW and lowers annual emissions by about 280,000 tons. Valmet will supply a new biomass feed system, auxiliary equipment to limit corrosion, and oil burners. Commissioning is scheduled for late 2027. Source

Boxes from Stora Enso at WOSP charity event

Stora Enso (forest materials, Fi) marked its long‑running involvement in the Great Orchestra of Christmas Charity (Fundacja Wielka Orkiestra Świątecznej Pomocy) by presenting the boxes used for the 34th Grand Finale. The company has supported the initiative for 28 years, producing fully recyclable boxes made from recycled‑paper cardboard. This year 230,000 (!!!) boxes were manufactured at the Mosina plant (next to Poznan), bringing the total produced during the partnership to more than four million. Source

Finnlines sea logistics routes to Gdynia: 6 months of success

Finnlines (shipping & logistics, FI) marked six months of its Biscay Line service linking Gdynia with Belgium, the UK, Spain and Finland. The route is operated by three hybrid Finneco‑class ro‑ro vessels (roll‑on/roll‑off ships: cargo ships designed so that vehicles and wheeled equipment can drive directly on and off the vessel using built‑in ramps) and connects to the wider Grimaldi network, giving Polish shippers access to global trade lanes. The service strengthens Gdynia’s position on the North-West logistics corridor and offers a low‑emission, intermodal alternative to road transport. Source

Solwers’ first acquisition in Poland

Solwers (engineering & consulting services, FI) has made its first move in Poland by buying 100% of Szwak & Spółka, a Poznań‑based firm offering financial consulting, accounting and payroll services. The company, serves around 250 clients and employs about 30 specialists. In 2024, its revenue was 1.97 million EUR, with an adjusted operating profit margin of approximately 24 percent. Source

Polish migration to UK reverses: more returning home than leaving

Recent data from the UK’s Office for National Statistics shows a sharp decline in migration flows, with overall net migration falling by more than two‑thirds in the year to mid‑2025. Stricter visa rules and reduced access to jobs and studies have limited new arrivals, while Poles are increasingly returning home. Only about 7,000 moved to Britain, compared with 25,000 leaving, meaning three times more departures than arrivals. This trend in some way ends the era of mass Polish labor migration that began in 2004. Source

Polish people suffer from scams

On 26th of November, in the Auditorium of the Old Library on the campus of the University of Warsaw at Krakowskie Przedmieście, the conference "Scamming Out! Summit - stop online fraud" took place. Poles lost around 530 million PLN (~127 million EUR) to scams in 2024 and another 340 million PLN (~82 million EUR) in the first half of 2025, with total damages likely nearing 700 million PLN (~168 million EUR) this year. Experts warn the real figure may exceed 1 billion PLN (~240 million EUR), surpassing the infamous Amber Gold pyramid case. At the summit the regulators, police, cybersecurity specialists and business leaders discussed fraud, ransomware, deepfakes, and fake investment ads. Source, Source

Ryanair criticized the renaming of CPK to Port Polska

Prime Minister Donald Tusk announced that the Centralny Port Komunikacyjny project will now be called Port Polska. Ryanair (the leading airline in Poland, IE owned) sharply criticized the change, arguing that it creates confusion and undermines clarity for passengers and partners. The carrier described the decision as politically motivated and damaging to the project’s credibility. Industry observers note that the renaming adds controversy to an already debated infrastructure initiative. Source

Poland is attracting tourists

Poland’s tourism sector will expand from ~22 billion EUR (data from 2024) to ~39 billion EUR in 2030, with visitor numbers rising from 99 million to 140 million. Growth will be driven by higher quality infrastructure, a nice variety of services and demand for budget and premium experiences, as 59% of Poles remain price‑sensitive but over half are willing to pay more for unique services. Małopolska leads the market, expected to reach ~8 billion EUR, attracting both domestic and foreign tourists. Source

President of Ukraine discussed plans for cooperation with Poland for 2026

President Volodymyr Zelensky’s December meeting with Nawrocki in Warsaw focused heavily on economic cooperation with Poland’s new leadership, including discussions on cross‑border infrastructure, trade corridors and the role of Polish companies in Ukraine’s reconstruction. The talks also addressed the growing presence of Ukrainian businesses in Poland, particularly in logistics, IT and manufacturing, as well as the potential for joint investment projects in energy and transport. Source, Source

Rapid internationalization of Ukraine’s fintech sector

Regulatory alignment with the EU and easier access to capital markets have helped Ukrainian fintechs scale more quickly. In addition, Revolut’s 2025 launch in Ukraine allowed users to open EU‑based accounts and enabled smoother cross‑border payments with Poland, Finland and other European markets. On a sidenote, Ukraine’s fintech sector reached a new milestone as Fintech‑IT Group, developer of the “Mono Ecosystem” (by Monobank.ua under Universal Bank), secured funding from the Ukraine‑Moldova American Enterprise Fund, lifting its valuation beyond 930 million EUR. With Universal Bank now the country’s second‑largest, the deal is expected to intensify competition in financial services and accelerate the development of scalable, high‑performance banking technologies. Source, Source

New leaders in budget shopping before Christmas

A price survey of 50 products across Poland’s largest supermarkets shows holiday baskets cost 445-465 PLN (~102-106 EUR), about 10 PLN more than last year. Intermarché (retail, FR/PL) leads with the lowest basket at 445 PLN, followed by Stokrotka and Polomarket at 450 PLN (~103 EUR), Dino at 454 PLN (~104 EUR), and SPAR at 463 PLN (~106 EUR). Key increases hit coffee and eggs, while meats and butter are cheaper. November inflation fell to 2.4%, easing pressure on household budgets ahead of Christmas. Source

The global luxury market is cooling after years of rapid expansion

Poland remains a rare growth market for luxuries. Euromonitor forecasts a 7.7% rise in Poland’s luxury sales in 2025, even as worldwide performance stalls under steep price hikes - leading products have risen 54% since 2019. This has contributed to “luxury fatigue,” with consumers questioning value and shifting toward resale and premium segments. The sector is also tightening around its wealthiest clients: fewer than 2% of customers generate about 40% of industry revenue. Source

Saving at Christmas gifts

Nearly half of Poles say this year’s holidays will be more frugal than last. According to Shopfully’s survey, 49.8% intend to reduce spending, with 36.6% cutting across all categories. Retailers are concerned as consumers plan to limit purchases not only of presents but also food and alcohol for Christmas Eve. The survey shows 23.2% will significantly reduce expenses, reflecting broader caution in household budgets. Source

Discover Finnish books translated into Polish language

Image from Spondeo's upcoming edition of Finnish Business & Culture in Poland

For the upcoming Spondeo's annual publication Finnish Business & Culture in Poland, we collected facts about some Finnish books that have been translated into Polish language this year. KIRJA Translators Collective, founded in 2019 by participants of Finnish literature translation workshops, promotes Finnish writing in Poland by reviewing, translating and actively showcasing new works to readers and publishers.

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Past events

DECEMBER

Finish Independence Day: Warsaw, on 6th of December 2025

Photo by SPCC, featuring Tuomas Asunmaa, CEO of Spondeo and translator Sebastian Musielak presenting Finnish books translated in Polish

Finnish Independence Day celebrations were held on 4th December in Warsaw - starting from the Embassy reception and continuing by the traditional SPCC Finnish section afterparty. Source

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10th Biogas Congress: Warsaw, on 16-17th of December 2025

Organised by Magazyn Biomasa, the conference features expert panels, sector‑specific sessions and a strong focus on regulation, technology and investment trends shaping Poland’s rapidly expanding biogas market.

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