The world’s first “flying coin” has been created by the Mint of Poland (Mennica Polska), the maker of Poland’s own official currency. The coin is set in motion by a motor hidden inside it. A magnetic field generated between the motor and the specially designed base below then causes it to float in the air.…
The US State Department has approved the proposed $1.2 billion (4.8 billion zloty) sale to Poland of four radar reconnaissance airships capable of detecting airborne targets. In addition to airships themselves, the deal includes related elements of logistics and programme support. The purchase of the Airspace and Surface Radar Reconnaissance (ASRR) aerostat systems will allow…
Poland’s wind sector set three new records on February 3, with its highest-ever momentary, hourly and daily power output. So far this month, renewables have generated almost 43% of Poland’s electricity. Throughout February 3, wind farms in Poland operated above output of 8 GW every hour of the day, compared to around 10 GW of…
Poland’s economy grew by 0.2% in 2023, preliminary figures from Statistics Poland (GUS), a government agency, showed. The figure was lower than expected by economists and represents a sharp slowdown from growth of 5.3% in 2022. Excluding the pandemic-induced drop in GDP in 2020, growth last year was the slowest since the early 1990s, when…
If the EU adopts a corresponding decision, Ukraine will be able to receive up to EUR 15 billion of interest accrued from the frozen Russian assets annually. This was stated by Poland’s Prime Minister Donald Tusk, who spoke at a press conference in Brussels. According to Tusk, during the negotiations on the new package of…
The International Monetary Fund has raised its forecast for Poland’s GDP growth in 2024 to 2.8% from 2.3%, and lowered it to 3.2% in 2025 from 3.4%, according to the latest version of the IMF’s cyclical World Economic Outlook report. The report does not provide justification for the forecasts. In November 2023, the European Commission…
Foreign companies invested over EUR 7 billion in Poland last year which almost doubles the 2022 figure of EUR 3.7 billion, the head of the Polish Investment and Trade Agency (PAIH) reported. Marcin Fabianowicz, PAIH director, said that the record value of foreign direct investments (FDI) in 2023 was guaranteed primarily by Intel’s decision to…