Newsletter September 2025
- maja9628
- 3 dni temu
- 34 minut(y) czytania
In this issue: Economic Update | Brief Business News in Manufacturing, IT, Science, Logistics, Retail & FMCG | Energy Market Insights | Housing & Construction | Defence Sector Update | Finnish Companies Spotlight | Politics & Society | News from Ukraine | Events & Fairs
Few thoughts of the economy & September news
GDP - during last few days, both ERBD and PKO bank have upgraded the Polish GDP growth forecast for 2025 to 3,5%. For the next year, ERBD predicts 3,4% growth and PKO 3,5%.
INFLATION - is expected to stay below 3%, PKO expecting the core inflation to drop to even to 2,5% in 2026.
RATE CUTS - Consensus is expecting rate cuts to continue, reaching even 3,5% in 2026.
Given the slowing inflation and lower interest rate levels, and also slightly growing unemployment and moderate increase in the minimum wage for 2026 -> It is likely that salary growth will slow down as well. Currently, we are still at 7,1% y/y.
Polish zloty is amazingly stable!
Inflation slowdown in Poland
Poland’s inflation dropped below 3% in August 2025, the lowest in 13 months, driven by falling fuel prices and slower food cost growth. Core inflation also declined, suggesting reduced underlying price pressures. Economists note the rate is now within the central bank’s target range, potentially influencing future monetary policy decisions. However, risks from energy markets and global supply chains persist, meaning inflation could rise again if external shocks occur. The moderation offers some relief to households (especially cheaper mortgages via rate cuts) and businesses (expecting more moderate salary growth). Source
Poland cuts rates to 4.75% as inflation cools, risks persist
The Monetary Policy Council cut in September the Poland’s main interest rate by 0.25 points to 4.75%, citing falling inflation. Source
NBP warns about fast debt growth
The head of Poland’s central bank warned that public debt is rising rapidly, potentially exceeding 60% of GDP this year and reaching 67% by 2026. Despite economic growth of 3.5%, the deficit remains close to 7% of GDP, which he called excessive in the absence of a crisis. He cautioned that high spending and mounting debt costs are squeezing resources for other priorities. Source. It is worth to remember that a) the comments are part of political game and b) public debt is raising heavinly due to defense investments which are nearly 1/3 of the whole governmental spending.
Poland’s Credit Ratings remain steady but outlooks turn negative
Fitch Ratings and Moody’s have both kept Poland’s credit ratings unchanged - Fitch at A‑ and Moody’s at A2 - but revised the outlooks from stable to negative. Fitch cited high spending, fast-growing debt, and a budget deficit expected to remain around 7% of GDP for the next three years, with debt potentially reaching 68% of GDP, while noting political tensions and limited room to cut spending. Moody’s highlighted weaker fiscal forecasts, rising public debt, spending pressures, and political uncertainty, projecting deficits of 6.8% of GDP in 2025 and 6.6% in 2026, with debt possibly exceeding 70% of GDP by the late 2020s unless credible fiscal consolidation occurs. Source, Source
Romania catching up with Poland
Romania briefly overtook Poland in 2023 in GDP per capita (PPP), reaching 29,700 EUR versus Poland’s 29,600 EUR. The country grew fast after 2000, but recent data shows a slowdown. GDP rose only 0.8% in 2024, and forecasts for 2025-2026 are weak: 1.4% and 2.2% growth. Romania’s deficit hit 9.3% of GDP in 2024, the highest in the EU. Despite fiscal risks and political instability, Romania remains attractive for investors. Over 1,700 Polish firms operate there, including Maspex (food, Poland), Asseco (IT, Poland), and Forte (furniture, Poland). Source, Source, Source, Source
Gold and national reserves
NBP (central bank, Poland) will increase gold’s share in its reserves from 20% to 30%, holding 515.3 tonnes worth around 54.3 billion EUR. The decision aims to strengthen the złoty’s (by the way, means GOLD in Polish) stability and diversify reserve assets. The bank has been steadily adding to its gold holdings in recent years, viewing the metal as an important asset in times of global uncertainty and a strategic element of long‑term monetary policy. Source
Retail growth over 3% in August
In August 2025 retail activity in Poland grew by 3.1% compared with last year, supported by higher real wages and slower inflation. Families reported better financial conditions and demand for durable goods such as cars, furniture, and electronics rose strongly. Wage growth slowed to 7.1% year on year, which reduced pressure on companies, but real incomes are growing nicely and thus encouraged spending. The central bank expects weaker labor demand to limit inflation and is preparing another 0.25% interest rate cut in November. Source
Poles in the saving mode
Household savings in Poland have reached the highest level in history, with deposits and investment products growing strongly in 2025. Economists note that, despite this, consumer spending remains stable thanks to rising wages and low unemployment. The savings rate is supported by higher interest on deposits and cautious sentiment after recent economic shocks. Estimated GDP growth at around 3,5% this year is showing that strong saving habits are not currently harming domestic demand. Source, Source
“Poland’s Development Strategy” document is published
In September 2025, the Polish government presented the draft “Strategia Rozwoju Polski do 2035 r.” (Poland’s Development Strategy 2025-2035). It sets 56 measurable targets for the next decade. Goals include building five times more rental and municipal housing and increasing venture capital investment nearly tenfold. The plan also addresses energy transition, public health, and transport access. Source
MANUFACTURING
Mercedes-Benz will move production of its e‑Sprinter vans to Jawor, Poland, investing about 350 million EUR in the plant by 2027. Source
Despite cost pressures, trade tensions, and Germany’s slowdown squeezing margins and liquidity, Poland’s metal goods sector grew over 11% year-on-year in early 2025, forcing firms to boost efficiency and pursue new markets to remain competitive. Source
Elevenes (battery technology) plans a factory in Poland to produce advanced battery cells for electric vehicles and energy storage. Source
Elemental Group (metal recycling, PL) received about 244 million EUR in government funding to build the Polvolt plant in Zawiercie, which will recover copper, silver, gold and battery metals as part of an EU‑listed strategic project. Source
Polwax (industrial paraffin production, PL), owned by Mostostal Zabrze (construction, engineering, Poland), plans to sell the infrastructure and real estate of its PPP plant in Czechowice‑Dziedzice to focus all industrial preparations manufacturing in Jasło. Source
Wiśniowski (Polish manufacturer of gates, windows and doors) will invest about 36.8 million EUR to expand and modernise its factories, adding new production lines and improving efficiency. Source
Tarkett (French flooring manufacturer) will shut its Orzechowo factory by the end of 2025 due to a drop in European wooden flooring demand. Production will move to Bačka Palanka, Serbia. Jasło's one in Poland will stay. Source
Inter IKEA Group will appoint Jakub Jankowski (Polish!) as CEO on 1st of January 2026, taking over from Jon Abrahamsson Ring after his two decades at IKEA. Source
Polmlek (dairy products, PL) is working with the University of Life Sciences in Poznań on an EU‑funded project to produce ultra‑pure lactoferrin, a milk‑derived protein with health benefits. Source
Mars is investing in Poland - In the coming years, three additional modern production lines are planned to be launched, increasing the volume by 50% and making the Janaszówek factory the second-largest Mars chocolate factory in Europe. Source
Egg prices in Poland have risen about 50% since 2023 due to avian flu and Newcastle disease reducing laying hens, and high prices are expected to persist through Christmas. Source
Polish entrepreneur Kurzepa has filed a request with the competition authority to acquire part of Shell's assets in Poland (fuel retail, Netherlands/UK). Meanwhile, Shell may lay off up to 800 employees in Poland. Source, Source
IT, INFORMATION AND COMMUNICATION
Framna (digital product agency from Sweden/Denmark) acquired Bright Inventions (software company, Gdańsk, Poland) to strengthen its European position in IoT and AI digital product development. Source
Beyond.pl (Polish data center and cloud services provider) has launched the F.I.N. supercomputer in Poznań, aiming to be Central‑Eastern Europe’s most powerful sovereign AI facility. Source
Spyrosoft (IT services and software development, PL) plans further diversification into sectors like defence, aerospace, and AdTech, alongside new acquisitions in the US, Asia, and Europe. Source, Source
CyberFolks (web hosting, PL) and Shoper (e‑commerce platform, PL) are integrating services to create a more complete online sales ecosystem. Source
Cybersecurity giants Nord Security and Surfshark (cybersecurity and VPN services, Lithuania) have opened a new cybersecurity center in Warsaw and are expanding their Polish team to over 300 employees in 2025. Source, Source
Atman (data center services, PL) has opened the first building of its WAW‑3 campus near Ożarów Mazowiecki, a 575 million EUR project providing 6,300 square metres of IT space and 14.4 MW of renewable‑powered capacity. Source
Revolut Bank (fintech banking, UK) has surpassed 5 million clients (!!!!!) in Poland with deposits of about 1.35 billion EUR, and plans to add over 1 million users annually. Source, Source
PROFESSIONAL, SCIENTIFIC, TECHNICAL AND OTHER SERVICES
The International Finance Corporation (IFC) has partnered with Polish Bank Pekao S.A. to support Poland's green and blue projects by investing up to 235 million EUR in bonds issued by the bank, aiming to enhance financing for clean energy, sustainable transport, and water efficiency initiatives. Source
Smart Vegetables Innovations (hydroponic farming, PL) is working with the National Centre for Research and Development on EU‑funded projects to advance lettuce cultivation technology. Source, Source
TRANSPORT & LOGISTICS
Polish State Railways (PKP PLK) plans record investments of up to 4.7 billion EUR per year over the next four years to modernize and expand Poland’s railway infrastructure. Source
CPK (Central Communication/Transport Hub) expects to announce tenders worth around 9.2 billion EUR in 2026, up from about 6.9 billion EUR in 2025, covering major rail, road, and airport infrastructure projects. Source
The Gdynia ferry terminal was awarded until 2032 to Swedish operator Stena Line (ferry transport, Sweden), while a Polish consortium led by Polska Żegluga Morska filed an appeal claiming its offer was better and the decision lacked proper justification. Source
Pesa Bydgoszcz (rail vehicles, Poland) will receive around 12.2 million EUR in funding to develop hydrogen locomotive production, aiming to expand eco‑friendly rail technology. Source
Polish firms invited to bid on high-speed rail project
Prime Minister Donald Tusk has invited Newag and Pesa (rail vehicle manufacturers, Poland) to compete for a major contract to build high-speed trains capable of exceeding 300 km/h. The tender will be part of Poland’s ambitious rail expansion linked to the Central Transport Hub. Tusk emphasized the need for Polish companies to lead the project, though foreign partners may be required for advanced technologies. The invitation was made during the TRAKO 2025 fair in Gdańsk, signaling a push for domestic industry involvement. Source
Ryanair (airlines, Ireland) data shows Spain dominated Poles’ summer travel in 2025, accounting for 31% of flights, followed by Italy (21%) and Croatia (13%). Source
NewCold (cold storage logistics, NL) has opened a fully automated, energy‑efficient refrigerated warehouse in Nowy Modlin, Poland, costing about 112 million EUR. Source
Polish parcel locker giant InPost is accelerating its European expansion through a partnership with Bloq.it, planning to deploy 20,000 new devices. Source, Source
InPost has taken Allegro to arbitration, demanding 22.7 million EUR in contractual penalties for allegedly restricting customers’ delivery choice. Source
The first Allegro One parcel machines have been installed at Orlen fuel stations in Prague and Brno, with a total of 10 planned across Orlen Unipetrol sites in the Czech Republic by the end of the year. Source
DPD Polska (parcel delivery, Poland) signed a cooperation deal with Allegro (e‑commerce, Poland) to add 12,000 DPD Pickup parcel machines to the Allegro Delivery network, agreement valid until April 2030. Source
Orlen Paczka (Pl, parcel delivery network, part of Orlen Group - fuel refining and retail) by mid‑2025 has doubled parcel volumes, expanded to 14,000 points. Source
Orlen and Poczta Polska have joined forces in the parcel locker segment, aiming to accelerate business growth through consolidation. Source
RETAIL & FMCG
The Central Statistical Office (Główny Urząd Statystyczny, GUS) reported that retail sales in August increased by 3.1% year-on-year. Source
Poland’s grocery market is consolidating as Żabka (Polish), Biedronka (Polish), Lidl (German, international), and Dino (Polish) expand rapidly, while many small independent shops close and according to rumors, Carrefour is planning to sell their Polish operations. Source
Aldi (German discount chain) reported a net loss exceeding 110 million EUR in 2024, mainly due to one-off write-offs. Despite this, Aldi plans further expansion in Poland with more store openings in 2025. Source
Kaufland (supermarket chain, Germany) employees in Poland are preparing for a strike after management rejected their demand for a 270 EUR gross monthly wage increase starting January 2026. Source, Source
KiK (non‑food discount retail chain, DE) is closing some Polish stores and changing top management while continuing its long‑term expansion strategy in the country. Source, Source
Suempol (fish and seafood processing company, PL) has acquired Van Biesen & Pieters (shrimp processing, Belgium), expanding its product range and Western European presence. Source
Bricomarché (home and garden retail chain, FR), part of Les Mousquetaires Group, plans to expand its Polish network from 221 to 400 stores by 2030, aiming for 20% market share and doubling turnover to about 1.06 billion EUR. Source
Castorama is strengthening its presence in the B2B construction market in Poland, with its professional program, fully launched in 2024, now accounting for nearly 20% of its revenue. Source
In 2024, Auchan Polska (Polish side of the hypermarket retail, France) generated revenues of 10.99 billion PLN (2.53 billion EUR) and a net profit of 167 million PLN (38.4 million EUR), confirming its stable market position despite a nearly 19% workforce reduction over the past five years. Source
In 2025 expansion of Flying Tiger Polska (retail chain, Denmark) continued: a new store opened in Pasaż Grunwaldzki, Wrocław (Q1), and the 46th Polish location is set to open in SkyTower, Wrocław (Q3). Source
(discount clothing and household goods, owned by Pepco Group, UK) reported a 2.7% rise in like-for-like sales for FY25, with Q4 growth hitting 3.9%. Full-year EBITDA is expected between 720-725 million EUR. Source
Energy storage investments
Poland’s energy storage sector is entering a rapid growth phase, fuelled by rising renewable capacity, grid stability needs, and EU funding. Developers and utilities are racing to deploy large‑scale battery systems, with projects ranging from several megawatts to hundreds. The market is expected to attract billions of euros in investment over the next decade, as storage becomes critical for balancing intermittent wind and solar output. Source, Source
Polish government approves coal mining reform
The Ministry of Energy of Poland has prepared a legal amendment allowing mining companies to close coal mines on their own and offering support packages for workers. Benefits include five‑year mining leave, four‑year leave for coal processing staff, or a one‑time payout for those with at least three years’ service. The sector posted a net loss of about 933 million EUR in H1 2025, down from 1.9 billion EUR a year earlier. The law also enables transferring assets from closed mines to municipalities or state entities for public use. Source, Source
Poland’s first biomethane plant joins gas grid
For the first time in Poland, a biomethane plant has been connected to the national gas grid (by Polska Spółka Gazownictwa), enabling renewable biomethane - produced from sugar beet residues by an existing 50 MW biogas plant - to be injected into the natural gas system. Source
Poland’s biggest project for energy storage
A new battery storage site is being built in Żarnowiec, northern Poland. The construction has been started and it is expected to hold 314 MW of energy, making it the biggest in the country. The project is led by PGE (state-owned energy provider, Poland) and will cost around 230 million EUR. The facility will help stabilize the grid and store renewable power. It’s expected to be ready by 2029. Source, Source
PGE upgrades power grid
PGE (electricity utilities, Poland) is carrying out a programme to strengthen its transmission network and improve reliability. Work includes replacing old equipment, modernising substations, and reinforcing lines to handle extreme weather. Together with Ørsted (offshore wind developer, Denmark) they plan to continue cooperation on the Baltica 3 offshore wind farm. The changes will help deliver stable, clean power to the Polish grid. Baltica 3 is part of a larger offshore programme in the Baltic Sea, which is expected to play a key role in Poland’s energy transition over the next decade. Source, Source
Gaz-System invests about 87 million EUR to secure Warsaw’s gas supply
Gaz-System, Poland's gas transmission operator, is investing over 87 million EUR (400 million PLN) to enhance energy security in the Warsaw metropolitan area. The company plans to construct four new high-pressure gas pipelines totaling approximately 60 km in length, aimed at meeting the growing demand from commercial power producers and distributors. These projects are part of a broader strategy to adapt the gas transmission system to support the energy transition, utilizing natural gas as a low-carbon fuel for power generation and heat production. Preparations for public procurement procedures are underway to select contractors for the construction works. Source
Waste energy and Qemetica
Qemetica has chosen PreZero as its partner for a 345 million EUR waste‑to‑energy plant in Inowrocław. The facility will process up to 310,000 tonnes of non‑recyclable waste annually, producing steam and electricity for Qemetica’s soda production. This will cut reliance on coal, lower emissions, and improve competitiveness in the European soda market. The project is part of Qemetica’s wider energy transition strategy and is expected to benefit the regional economy through jobs and industrial growth. Source, Source
Vestas takes over Goleniów wind turbine blade plant
Vestas has completed the purchase of an onshore wind turbine blade factory in Goleniów from LM Wind Power. The deal, agreed in May 2025, passed all regulatory checks. The site, opened in 2009 and expanded in 2017, will keep its 400 staff, raising Vestas’ Polish workforce to nearly 2,000. The plant will supply blades for models including the V172‑7.2 MW. Vestas also runs a hub and nacelle plant in Szczecin, strengthening its European wind supply chain. Source
Torpol thinks about power sector opportunities
Rail construction firm Torpol plans to expand into the electricity sector. The company is looking for contracts in power infrastructure, including grid modernisation and renewable energy projects, to diversify revenue and use its engineering expertise beyond rail. It aims to keep strong PKP PLK and CPK contracts worth around 345 million EUR annually, while expanding into transmission network construction. The firm expects to sign a 117 million EUR deal for a nuclear plant rail link and is looking at tenders from PSE and energy groups. Source Source
ElevenEs eyes 600 million EUR battery gigafactory in Poland
ElevenEs, a Luxembourg-based battery technology company, is considering establishing a 600 million EUR gigafactory for advanced battery cells in Poland. The proposed facility aims to begin construction by the end of 2027 and would create approximately 700 engineering jobs. Potential locations include Kraków, Silesia, or Lower Silesia. The company is supported by international investors, including InnoEnergy, and specializes in lithium iron phosphate (LFP) technology. Its flagship product, the Edge574 blade battery cell, charges up to 80% in just 12 minutes and boasts a long lifespan. The planned investment represents a significant opportunity for Poland to develop a deep-tech industrial ecosystem and strengthen its position in the global battery value chain. Source
Energa-Operator and EU recovery funds
Energa-Operator (electricity distribution, PL, owned by Orlen Group) increased its financing from the National Recovery Plan, raising support from about 1.75 billion EUR to 2.16 billion. The money will help cover nearly a quarter of the company’s planned 9.2 billion EUR investment program running until 2035. The project focuses on modernising and digitising power grids, building thousands of kilometres of new lines, and connecting renewable sources. It also includes smart meters, charging stations, and digital tools to improve flexibility and security of Poland’s energy system. Source
Poland to get two new 500+ MW gas power units by Energa
Polimex Mostostal and Siemens Energy have been chosen to construct two new combined-cycle gas turbine (CCGT) power units for Energa in Gdańsk and Grudziądz. Each unit will have a net capacity of over 500 MW, supporting Poland’s transition to low-emission energy and strengthening the national power system. Construction is set to begin in 2025, with commissioning planned by 2029, making these projects key to enhancing the country’s energy security. Source
Electric car factory in Jaworzno - project decision soon
ElectroMobility Poland (electric vehicle development, Poland) is awaiting a final decision on 1 billion EUR in funding from the National Recovery Plan to build an EV factory in Jaworzno. If approved, construction could begin within two months, with production starting by 2028. The plant aims to produce up to 300,000 vehicles annually and create 7,000 direct jobs, plus 30,000 in the supply chain. EMP is negotiating a joint venture with Chinese partners and plans to source 80% of components locally. Source, Source, Source
Hydrogen in transport: potential and problems
Hydrogen could play a key role in future transport, especially for heavy vehicles and buses. But Poland faces major obstacles: high production costs, lack of infrastructure, and limited demand. Green hydrogen is still too expensive to compete with fossil fuels. EU funding and national strategies are needed to scale up. Without clear policies and investment, hydrogen’s role will remain limited in the coming years. Source
Developer sentiment index rises
A new survey shows 78% of Polish developers expect housing prices to stay the same, 14% foresee increases, and 8% predict declines. Around 65% expect faster sales in coming months, the highest optimism since the index began. Lower interest rates and cheaper mortgages are seen as the main drivers. Source
Record warehouse lease renewals
In 2025, Poland’s warehouse property market recorded its highest‑ever volume of lease renewals, as logistics and e‑commerce companies opted to extend agreements for large facilities rather than relocate. Analysts attribute the trend to strong demand for well‑located hubs, limited availability of modern space, and the need to secure long‑term operational stability. The high renewal rate underlines the sector’s resilience, with investors viewing industrial real estate as a safe, income‑generating asset in a competitive European logistics market. Source
Shrinking apartments
Polish developers have reduced the average size of new apartments in multi‑family buildings to 51 sq m, down from 53 sq m in 2022. However, recent building permits show a rebound to 53.2 sq m as falling interest rates improve buyers’ credit capacity. Developers expect demand for larger units to grow if financing conditions continue to ease, reversing the trend toward smaller flats seen during the period of high borrowing costs. Source
Proposal for Housing Perpetual Fund
JLL (real estate, the U.S., global company) suggests creating a state‑backed Housing Perpetual Fund to build 500,000 rental flats in 25 years. Funding would be 40% from the state and 60% from rolling debt. Rents could be 25-40% lower than market levels, helping 70% of households. Annual state input of about 1.15 billion EUR could finance 20,000 flats a year. The plan aims to ease Poland’s housing shortage and stabilise the construction sector. Source
Infrastructure proposal
Five major construction associations in Poland have presented a joint reform proposal to the government, aiming to fix systemic issues in infrastructure development. Their demands include: restructuring the Railway Fund to mirror the Road Fund model, simplifying administrative procedures, improving contract indexation mechanisms, and changing how design and management services are priced - focusing on quality over lowest bids. They also call for stronger export support for Polish construction firms. The initiative was formally submitted during the TRAKO fair and acknowledged by Prime Minister Donald Tusk. Source, Source, Source
Mirbud targets the energy sector
Polish construction group Mirbud is pivoting towards large‑scale energy projects, aiming to secure contracts in power generation, transmission, and renewable infrastructure. Leveraging its experience in industrial and civil engineering, the company plans to participate in tenders for wind farms, solar plants, and grid modernisation. This strategic move is driven by Poland’s accelerating energy transition and EU‑funded investments, potentially opening a multi‑billion‑euro market. Mirbud sees this as a long‑term growth engine beyond traditional construction. Source
Pekabex and Swedish project
A subsidiary of Pekabex will deliver a residential project in Sweden, expanding the Polish construction group’s presence in the Nordic market. The project will use prefabricated building technology to speed up completion and improve quality. Source
Unibep targets over 920 million EUR order backlog by end‑2025
Unibep (construction and engineering, Poland) currently holds an order portfolio worth about 943 million EUR, up from 805 million EUR at mid‑2025, boosted by a July contract for PGE. CEO Andrzej Sterczyński says surpassing 920 million EUR by year‑end is realistic. The company is bidding for projects including the Ełk-Białystok rail line, Warsaw East station modernisation, and a CPK siding. It has met 2025 goals in energy (230 million EUR) and building (230 million EUR) segments, and is interested in 207 million EUR in new military contracts. 2024 revenue reached 598 million EUR. Source, Source
STRABAG to modernise Maksymilianowo rail junction in 248 million EUR project
STRABAG has signed a 248 million EUR (1.1405 billion PLN) contract with PKP PLK to modernise the Maksymilianowo rail junction at the intersection of lines 201 & 131, including rebuilding ~38 km of track, 5 bridges (4 rail, 1 road), a road overpass with a viaduct, upgrading platforms, new signalling, and raising speeds to 160-200 km/h for passenger trains; completion is scheduled by December 2029. Source
Warsaw opens EU’s highest viewing point
Source: varso.com
On 9th of September, the Varso Tower in Warsaw will open the Highline Warsaw observation deck at 230 m, the tallest in the EU. It overtakes the Palace of Culture and Wrocław’s Sky Tower. Visitors can enjoy panoramic views and multimedia exhibits. Source
GDLS signs 52 contracts with Polish firms for Abrams tank parts
At the 2025 MSPO exhibition in Kielce, General Dynamics Land Systems (GDLS) signed 52 contracts with eight Polish companies to supply Abrams tank components. Poland has ordered 366 tanks, with deliveries ongoing and final SEPv3 units expected by autumn 2026. GDLS and Wojskowe Zakłady Motoryzacyjne are expanding the Regional Sustainment Center in Poznań to support maintenance and repairs, strengthening Poland’s role in the global Abrams supply chain. Source
PGZ ramps up tenders and investment strategy
PKO BP and Polska Grupa Zbrojeniowa (PGZ) signed a strategic deal to boost financing for Poland’s defence sector. The bank will raise credit limits from 460 million EUR to as much as 2.76 billion EUR, funding new production capacity, supply chains, and export projects.Polska Grupa Zbrojeniowa (PGZ) is preparing a significant wave of defence procurement processes. It forecasts 2025 revenues above 4.6 billion EUR, with profits channelled into expanding production capacity in Jelcz, developing a modular propellant factory, and advancing technology transfer for the K2 tank programme. PKO BP estimates defence spending could exceed 276 billion EUR by 2035, potentially adding EUR 299 billion to GDP. Source
PGZ and BAE Systems to build 155mm ammunition plant in Poland
Poland’s PGZ (Polska Grupa Zbrojeniowa) and UK-based BAE Systems have agreed to build a new factory in Poland to produce 155 mm artillery shells. The deal includes a long-term technology transfer, with a contract that is open-ended but has a 40-year termination notice period. The goal is to scale up production to between 150,000 and 180,000 large-calibre shells per year to strengthen Poland’s defense sovereignty and supply chain. Work on the new facility begins in 2025, with completion expected in 2027–28. Source
Grenevia signs cooperation letter with PGZ
Grenevia (investment holding, Poland) and Polska Grupa Zbrojeniowa (state defence group, Poland) have signed a letter of intent to work together on joint projects, improve production processes, and supply components and services. Grenevia, through its Famur brand, serves the mining and energy sectors and now plans to expand into defence. The company says its skills in mechanics, hydraulics, and electronics will support new projects. Source
WB Electronics & Hanwha Aerospace JV
WB Electronics has signed an investment agreement with South Korea’s Hanwha Aerospace to create a joint venture and build a missile factory in Poland producing CGR‑080 rockets for the Homar launcher system. The deal, announced at the International Defence Industry Exhibition in Kielce, includes technology transfer and aims to strengthen Poland’s defence capabilities. The project reflects growing Polish‑Korean cooperation in the arms sector and is expected to boost domestic production capacity. Source
ICEYE and SATIM
ICEYE and SATIM have launched Detect & Classify, an AI‑powered system that uses ICEYE’s high‑resolution SAR imagery and SATIM’s object catalog to automatically detect and classify vessels, aircraft, and vehicles with over 90% accuracy. The tool delivers both imagery and analysis in one package, giving rapid, high‑confidence situational awareness for maritime, air, and land domains. ICEYE also signed a contract with the Finnish Defence Forces to supply SAR satellites. Source, Source
Guarding system of the sky
A Polish anti‑drone system developed in Gdynia, nicknamed NATO’s “Sky Guard”, is gaining global interest. The technology detects, tracks, and neutralises hostile drones, offering protection for military bases, critical infrastructure, and public events. Its modular design allows integration with NATO defence networks, and export talks are underway with several allied countries. The system’s success highlights Poland’s growing role in advanced defence tech and its ability to compete internationally in high‑value security solutions. Source
PZL Defence to launch drone production
PZL Defence (drone and anti‑drone systems, Poland), 40% owned by Unimot (fuel, energy and renewables trading, Poland), plans to begin production in mid‑2026 after figuring out all required permits. Unimot’s finance vice-president Filip Kuropatwa said the venture will use the expertise of long‑term Ukrainian partners. He stressed drones are now a lasting element of defence, not a short‑term trend. Unimot bought its stake in July 2025 for about 92 thousand EUR. The group had 2024 consolidated revenue of roughly 3.24 billion EUR and also operates the Avia fuel station and Avia Solar brands. Source
Sweden buys Polish PIORUN air defence systems in 274 million EUR deal
Sweden has signed a 274 million EUR deal to buy the Polish PIORUN man-portable air defence systems from Mesko (part of PGZ). The contract was finalized at the DSEI defense fair in London; deliveries will start in early 2026 and conclude by 2027. The PIORUN system is designed to engage helicopters, aircraft, and drones at ranges up to 6.5 km, and has been proven in use - notably in Ukraine.The agreement is seen as a boost for Poland’s defense industry and export profile. Source
Poland signs key Wisła Program contract
Poland's Armament Agency has signed a significant contract with Wojskowe Zakłady Łączności nr 1 S.A. for the acquisition of 56 Mobile Communication Centers (MCC) valued at 455 million EUR. These MCCs are integral to the second phase of the Wisła air and missile defense program, which involves the procurement of Patriot systems. The delivery of these systems is scheduled between 2027 and 2030. Developed by Polish defense industry entities, the MCCs will ensure seamless communication within the integrated air defense system, linking sensors, effectors, and command elements. This initiative underscores Poland's commitment to enhancing its defense capabilities and fostering domestic industry growth. Source
Perovskite solar pioneer Saule targets Polish army drones but faces internal power struggle
Saule Technologies, developer of ultra-thin, flexible perovskite solar cells, is seeking to partner with Poland’s defence industry (including PGZ or the Łukasiewicz network) to integrate its tech into military equipment like drones, uniforms or bases to extend operational endurance, but a shareholder conflict - particularly over control and the removal of co-founder Olga Malinkiewicz - threatens both its future and any sale or restructuring. Source, Source
Elbo to supply military vehicles to Polish Army
Polish company Elbo won contracts worth over 31.5 million PLN (6.85 million EUR) to deliver high-capacity Volvo FM 6x2 trucks with advanced safety, comfort, and cargo features to the Polish Army. In a consortium with Dobrowolski Sp. z o.o., Elbo also secured medium-capacity MAN TGM 4x2 trucks worth over 34 million PLN (over 7.4 million EUR). Source
Article 4 and drones on Polish territory
Ministry of National Defence of Poland reported that on the night of 9-10 September 2025, Russian drones repeatedly and deliberately entered Polish airspace during a large strike on Ukraine. Defence Minister and Deputy PM Władysław Kosiniak‑Kamysz called it a major provocation and confirmed full coordination with NATO allies. Polish and allied forces, including Dutch, Italian, German, French, and British units, intercepted the threats. NATO unity was demonstrated, and Article 4 was activated. Poland plans 47 billion EUR in 2026 defence spending, with new investments in anti‑drone, missile, and radar systems. Source, Source, Source
Russian drone incident seen as provocation in Poland - Spondeo
Our CEO, Tuomas Asunmaa (based in Poznań) commented to Talouselama (Finnish news media) that recent Russian drone intrusions in eastern Poland are viewed as deliberate provocations, not accidents. Poland’s Interior Ministry reported finding debris from seven drones and one missile. Asunmaa notes Poland plans to spend 47 billion EUR, or 4.6% of GDP, on defence in 2026 and remains attractive for Finnish investors, with over 50 Finnish factories operating there. He warns post‑war Ukraine’s 500 billion EUR reconstruction could draw skilled labour away from Poland. Source
Poland accelerates anti-drone system purchases amid Russian threats
Poland has initiated the urgent procurement of anti-drone systems for its Armed Forces in response to escalating provocations from Russia. The Armament Agency is overseeing the acquisition of kinetic systems, while the Inspectorate of Unmanned Weapon Systems is responsible for non-kinetic solutions. These measures aim to bolster Poland's layered air defense, integrating anti-drone capabilities alongside existing systems like Wisła, Narew, Pilica, and Poprad. The procurement process is being expedited through the "Urgent Operational Need" procedure, allowing for swift adaptation to emerging security threats. Source
APS expands anti-drone systems for military use
Advanced Protection Systems (defense tech, Poland), based in Gdynia, is upgrading its anti-drone technology used in Ukraine and negotiating with Poland’s Ministry of Defense to modernize domestic systems. The company recently won a Lithuanian tender to supply detection and neutralization systems for strategic infrastructure. These systems (featuring radar, RF sensors, and electronic warfare tools) will be integrated into Lithuania’s air defense network. APS’s Ctrl+Sky platform, proven in combat, can track multiple targets and distinguish drones from birds using machine learning. Source, Source
We visited Scanfil factories in Poland
Spondeo’s CEO, Tuomas, recently toured Scanfil Group’s factories in Sieradz, Poland, where the company employs about 1,600 people across two plants spanning 48 thousand square metres. Since entering Poland in 2016 through a major acquisition, Scanfil benefits from its location in the Łódź Special Economic Zone, offering tax reliefs for investments. Expansion plans are already in progress, including geothermal preparations. Read more in the Li post here. Moreover, this was 5th factory visit of our team this month!
Scanfil. Photos by Tuomas Asunmaa, Spondeo
Ecovis interview and Finnish-Polish acquisitions
Worth reading about Polish M&A market - Ecovis team have shared thoughts about M&A activity in Poland. As a side note, over one-third of the largest Finnish firms in Poland entered the market through M&A strategies. This year, Ecovis team has been involved in seven M&A projects, including one mandate in metal processing. Finnish companies active in acquisitions include: Lindström, Tamtron, Digia, and Fortum. Also the Polish firm Buglo purchased Leikkiset Oy in Finland. In our publication 2025 interview, Nikodem Multan from “Ecovis Multan, Pruś i Wspólnicy Kancelaria Prawna i Podatkowa sp.j.” shares his vast knowledge in the Polish M&A market.
Nordea interview
The top three Finnish companies in Poland by headcount are Nokia, Nordea, and Stora Enso.
Surprisingly for many, Nordea ranks second, employing nearly 6,000 people across offices in Łódź, Warsaw, and Tricity. The bank’s Polish operations represent a major share of its global workforce. Nordea is also known for promoting Nordic values in the workplace, which remain highly attractive in Poland. The company previously operated as a consumer bank until 2013, with Finnish marketer Toni Hyyryläinen becoming a local celebrity during that era. More on Nordea’s story is featured in Spondeo’s 2025 publication.
Saxdor Yachts - from zero to hundred in four years!
We posted the impressive story of Saxdor Yachts, a Polish-Finnish company that grew to 100 million EUR in revenue in under five years. CEO Erna Rusi discusses key success factors and the company’s strong presence in Poland’s shipbuilding heartland. Notably, Saxdor recently introduced the industry’s first AI-powered co-pilot. For the full interview and latest updates, check out Spondeo’s publication. See our Linkedin post here
Read the whole interview with Erna Rusi (CEO, Saxdor Yachts) here
Poland’s deficit might be among the biggest in the EU
Poland’s government accepted a 2026 budget with record defence spending of 4.8% of GDP, the highest in NATO. The plan also raises healthcare funds and keeps social benefits. Spending will be about 215 billion EUR, with a deficit of 6.5% of GDP, lower than this year. Money is set for a nuclear plant, a new airport, and green energy. The government expects 3.5% growth. Public debt will be above EU limits. Source
Poland revises recovery plan, reduces loans
The Polish government has approved a fourth revision of the National Recovery Plan (KPO), reducing the loan component by approximately 21.7 billion PLN (4.73 billion EUR). This adjustment aims to alleviate pressure on public finances, potentially decreasing the need for additional bond issuances in 2026. The revision also removes the controversial car tax from the plan. Finance Minister Andrzej Domański welcomed the move, as it signals a more sustainable fiscal policy and may positively influence market perceptions. Source
Germany rejects Polish President’s WWII reparations demand
During a visit to Berlin, Poland’s newly inaugurated President Karol Nawrocki renewed his call for Germany to pay reparations for World War II - a demand that Germany firmly rejected. While Germany’s leaders, including President Steinmeier and Chancellor Merz, acknowledged the conversations, they reiterated that from their perspective the matter is legally resolved. Nawrocki insists the issue isn’t legally closed and continues to reference a claim of about €1.3 trillion as what Poland remains owed. Despite the firm push from Warsaw, Germany maintains its long-standing position: no further reparations are due, though both sides agreed on the importance of remembrance and the shared trauma of wartime history. Source
Polish opposition seeks to relocate Russian Embassy
Poland’s opposition party PiS has proposed a resolution to move Russia’s embassy in Warsaw, citing both security risks and symbolic reasons. The embassy is currently located just 500-650 meters from key state institutions like the Defence Ministry, the presidential residence, and the prime minister’s chancellery. Party leader Jarosław Kaczyński argues that the site, chosen during communist-era Poland, represents past Russian dominance and poses a counterintelligence threat. The idea aligns with recent Polish steps closing Russian consulates and responding to “hybrid” provocations by Moscow. Source
Polish job market outlook for Q4 2025
According to a ManpowerGroup report, 28% of Polish companies plan to hire between October and December 2025, 51% expect no staffing changes, 18% foresee layoffs, and 2% are undecided. The net employment forecast is +10%, unchanged from Q3 but 6 points lower year‑on‑year. The strongest hiring plans are in healthcare and life sciences (+22%) and consumer goods/services (+22%), followed by energy/utilities and IT (+12%). The survey covered 525 employers in Poland and over 40,000 worldwide. Source
Job offers fall to lowest level of 2024
In August, Poland’s Barometer of Job Offers (BOP) hit its lowest level since the start of the year amid continuing declines in job posting numbers, especially in services, real estate, marketing and finance, while slight gains were seen in tech- and STEM-related roles. Source
Mass layoffs in 2025, employment outlook for 2026
According to the Ministry of Family, Labour and Social Policy, Polish employers have dismissed 189,000 workers so far this year. The trend reflects restructuring in multiple sectors, with manufacturing, retail, and services among the most affected. The Polish government’s 2026 budget assumes average employment in enterprises will remain unchanged year‑on‑year, following a 0.4% drop in 2025. Registered unemployment is forecast to fall slightly to 5.0% by the end of 2026. Wage growth is projected at 6.4% nominally (3.3% in real terms), continuing the upward trend in earnings despite demographic pressures on the labour force. The stability reflects expectations of a balanced labour market, though challenges remain in workforce availability and productivity growth. Source
Shorter work-week?
By 15 September 2025, employers could apply to join Poland’s pilot programme for shorter working hours, the Ministry of Family, Labour and Social Policy confirmed. The scheme offers up to 230 thousand EUR (approx. 1 million PLN) per company to test reduced hours without lowering pay. Participants must keep at least 90% of staff and wages unchanged during the trial. Applications closed on 15 September; selected projects will run from January to December 2026, with final reports due by May 2027. Source, Source
Poland to launch deposit-return system in October
Poland plans to introduce a mandatory deposit-return system for beverage containers in October 2025, covering plastic bottles (up to 3 L), metal cans (up to 1 L), and returnable glass bottles (up to 1.5 L). Deposits will be approximately 0.11 EUR for plastic and cans, and 0.22 EUR for returnable glass. The system includes all large stores and smaller shops selling returnable glass, with collection via automatic return machines and other points. However, the Business Council urges postponement, citing high costs - estimated at around 8.56 billion EUR over 10 years for only a 0.4% increase in recycling - and concerns over price rises, bankruptcies, and reduced trust. Source, Source, Source
Alcohol night sales ban plans
Prime Minister Donald Tusk announced that alcohol will face stricter rules. He criticized Warsaw for rejecting a citywide night sales ban and urged the capital to follow Gdańsk, Wrocław, Olsztyn, and Kraków, where such limits already exist. Warsaw plans only a pilot ban in two districts starting in 2026. Opposition parties are drafting bills to restrict sales and advertising, arguing that easier access fuels violence, while critics say bans simply move the problem elsewhere. Source, Source
Poles’ booming dietary supplement market
Poles are spending billions on dietary supplements, with the average person investing over 200 PLN (43.60 EUR) annually. Approximately 75% of the population, equating to around 23 million individuals, regularly consume products such as immunity boosters, vitamins, and lifestyle-related supplements. This growing demand is driven by increasing health awareness, an aging population, and the influence of social media personalities. The market is projected to exceed 10 billion PLN (2.18 billion EUR) by 2028, bolstered by the expansion of e-commerce channels. Source
CBA detains President of H. Cegielski factory in Poznań
Grzegorz K., president of the H. Cegielski Rail Vehicles Factory in Poznań, was detained by Poland’s Central Anticorruption Bureau (CBA) over suspected corruption. He had been appointed in July 2024 to lead the company, which is owned by the Industrial Development Agency (ARP) and recently secured major contracts, including a 980 million EUR deal with PKP Intercity. ARP described the situation as serious and pledged full cooperation with investigators, while details of the charges have not yet been disclosed. Source
Public trust in Polish courts hits record low
A recent survey shows that 57% of Poles distrust the judiciary, the highest level ever recorded. Only 33% express confidence in the courts. The drop is linked to political influence and controversial reforms. Younger people and those with higher education are most critical. Trust in judges and legal institutions has steadily declined since 2015. This could weaken democratic norms and legal protections. Source
New Rheinmetall production in Ukraine
Rheinmetall (arms manufacturer, Germany, cooperating with Ukraine since 2024) will build a new artillery shell production plant in Ukraine after the government allocated land in a secure region on 9 September 2025. The decision was confirmed during a meeting at the DSEI defence fair in London between Ukrainian Defence Minister Denys Shmyhal and Rheinmetall CEO Armin Papperger. The facility will supply Ukraine’s armed forces and is part of wider cooperation on armoured vehicle production, repairs, and air‑defence systems to strengthen capabilities against drone threats. Source, Source
Swarmer funding in startups
In mid-September 2025, Swarmer (develops AI for drone swarms, Ukraine) raised about 13.9 million EUR from investors linked to NATO countries. In a Series A round was led Broadband Capital Investments (USA) with R‑G.AI (USA), D3 Ventures (USA), Green Flag Ventures (USA), Radius Capital (USA), and Network VC (USA). CEO of Swarmer, Serhii Kupriienko (UA) said the funds will expand production and integrate swarm control into all unmanned systems. The software, tested in over 82,000 combat missions, lets one operator coordinate multiple drones. The project is part of Ukraine’s Brave1 defense innovation cluster. The capital will be used to expand production and improve autonomous flight systems. The company might test its technology with potential partners in Poland and Finland. This is one of the largest Ukrainian defense-tech investments since 2022. Source
TechChill Kyiv Program
On 19th of September 2025, TechChill Kyiv (startup growth platform, Latvia/Ukraine) opened applications for a four‑phase program for early‑stage Ukrainian startups. Led by pitch coach Gleb Maltsev, it includes online masterclasses (13th-23d of Oct), a Kyiv bootcamp (31st of Oct), and a pitch event (1st of Nov) in front of 20+ international investors, including Poland, the Nordics, and the Baltics. Winners join the Ukrainian delegation to TechChill Riga 2026 with travel and booth costs covered. The program excludes defense tech but targets scalable, export‑ready businesses. Source
Katowice SME Congress
The 15th European Congress of Small and Medium‑Sized Enterprises took place on 27-28th of October 2025 at the International Congress Centre in Katowice, Poland. Organized by the Regional Chamber of Commerce and the Polish‑Ukrainian Chamber of Commerce, it gathered over 350 speakers and thousands of participants. Ten thematic tracks covered AI, digital transformation, foreign expansion, and startup growth. Ukrainian business delegations joined B2B matchmaking sessions with Polish firms, aiming to expand trade and investment links in the SME sector. Source
ReBuild Ukraine 2025
On 13-14th of November 2025, Warsaw will host ReBuild Ukraine 2025 (reconstruction trade fair, Poland). The Finland Pavilion, coordinated by Business Finland and built by TSEG Oy, will feature Finnish companies in energy, housing, infrastructure, and industry. Exhibitors will meet Ukrainian municipalities, ministries, and international financiers. In 2024, over 50 Finnish firms took part. The event also includes the EU-Ukraine Investment Conference and sector‑specific forums on energy, construction, and water infrastructure recovery. Source
A united railroad from Odesa to Baltics - funding from Poland
Poland is set to invest over 10 billion EUR to enhance Ukraine’s transport and logistics infrastructure, supporting post-war reconstruction efforts. Key projects include building a European-gauge railway connecting Silesia to Odesa, expanding the Slavków rail terminal, and developing a Polish-managed port on the Black Sea coast. The plan is led by Poland’s Industrial Development Agency, a state-backed organization focused on economic growth and infrastructure development. Source, Source
Mitoraj’s Tindaro sells for record 1.615 million EUR
A monumental bronze sculpture by Igor Mitoraj, Tindaro (4 m, 2.6 tons), sold at a Polswiss Art auction for a record-breaking 6.89 million PLN (1.615 million EUR vs. opening bid of 937,600 EUR), making it the highest amount ever paid for one of Mitoraj’s works at auction; the sculpture is currently on display at Plac Trzech Krzyży in Warsaw. Source
Big names and acclaimed films competed at Gdynia Film Festival
At the 50th Polish Feature Film Festival in Gdynia (Sept 22-27th, 2025), 16 films competed for the Golden Lions. The lineup included Agnieszka Holland’s “Franz Kafka”, Wojciech Smarzowski’s “Dom dobry”, Władysław Pasikowski’s “Zamach na papieża”, and Łukasz Grzegorzek’s “Trzy miłości”. The jury, led by Magnus von Horn, also judged five debut features. Critics praised “Franz Kafka” and “Dom dobry” as standout works, making the competition one of the strongest in years. Source
Agnieszka Holland’s Franz Kafka chosen as Poland’s Oscar candidate
Poland’s Oscar committee has selected Agnieszka Holland’s film Franz Kafka as the country’s official submission for the 2026 Academy Awards in the Best International Feature Film category. The decision was made from among seven submitted productions. The committee emphasized that the film is not only a portrait of the literary icon, but also a story about fears and dilemmas that strongly resonate with today’s younger generation. This is not Holland’s first Oscar-related recognition - her earlier works, including In Darkness, Europa, Europa, and Bitter Harvest, have also represented Poland in past Academy Award races. Source
Poland’s Culture Minister suggests Eurovision boycott
Poland’s Culture Minister, Marta Cienkowska, said the country should withdraw from Eurovision if Israel participates, citing the humanitarian crisis in Gaza. She clarified it was her personal view, not an official government position. Other European countries, including Spain and Ireland, have taken similar stances. Source
Nordic Business Forum 2025 – “Moving Forward”
On September 24–25, leaders from around the world gathered in Helsinki for Nordic Business Forum under the theme Moving Forward. As every year, Spondeo took a part, also Weronika Gidel-Asunmaa was there, and she shared some reflections here.
Three quotes that resonated with us the most: “Replace judgement with curiosity”, " Be extremely easy to work with" and “Global change is inevitable, but our growth is optional.” At the end of the day, it’s about openness, collaboration, and adaptability.
This year, the focus shifted from glossy optimism toward resilience, practical business thinking, and the role of emotional intelligence and empathetic leadership. These qualities are now seen as essentials.
Highlights included:
Simon Sinek on why purpose and empathy give organizations their true competitive edge.
Angela Ahrendts on balancing legacy with innovation and leading with values.
Risto Siilasmaa on adaptive leadership in the face of disruption.
The main takeaway? The leaders who will succeed are those who can listen, adapt, and lead with values.
And one last note: 5,000 tickets are already gone for next year. If you plan to join, don’t leave it too late!!!
NBF 2025. Photos by Weronika Gidel-Asunmaa
33rd International Defence Industry Exhibition MSPO | 2-5 September 2025
Tuomas Asunmaa, Spondeo CEO, visited the MSPO defense industry fair in Kielce, Poland. This year ~70-person Finnish delegation organized by Business Finland and the embassy came to get to know Polish & international defense market. Finnish companies including Nokia, Miilux, ICEYE, Varjo, Patria, and others exhibited, while seminars and networking sessions highlighted Poland’s defense spending, procurement, and business opportunities. Read Tuomas’ story here
MSPO 2025. Photos by Tuomas Asunmaa, Spondeo
DREMA | 8-11 September 2025
Another event attended by Spondeo - DREMA, International Trade Fair of Machines, Tools and Components for the Wood and Furniture Industries. DREMA wood sector fair in Poznań started with a growing number of Finnish companies present, including Valutec, Nordautomation, Lapua-ketjut, Kiilto, and Mirka. Read Tuomas’ story here
DREMA 2025. Photos by Tuomas Asunmaa, Spondeo
Trako 2025 | 23-26 September 2025
The 16th International Railway Fair took place in Gdańsk from 23-26 September 2025. As the largest and most prestigious rail transport event in Poland - and the second largest in Europe - it is a key biennial gathering for the Central and Eastern European rail industry. Anna Golińczak from Spondeo attended the fair and met with our client.
Trako 2025. Photos by Anna Golińczak, Spondeo
Nordic Crayfish Celebrations by SPCC
SPCC hosted a Nordic-style crayfish party in Warsaw, celebrating Swedish tradition with food, songs, and toasts, supported by partners and featuring a charity lottery. The festivities later continued in Sopot (22/9) and Szczecin (25/9).
See the story here
Upcoming events
OCTOBER
NOVEMBER
November: Rebuild Ukraine - the largest annual event on Ukraine’s recovery,
Warsaw, on 13-14th of November 2025
Spondeo, as always, will be attending ReBuild Ukraine, one of the most important fairs in the region focused on the reconstruction and recovery of Ukraine. Let us know if you’ll be there, let's meet! Registration for the event is on in advance by the link:
Read here - 2025 publication.
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