AUEUConnect in Adelaide, South Australia | Business centre

AUEUConnect

Locality: Adelaide, South Australia

Address: 64 Melbourne St 5006 Adelaide, SA, Australia

Website: http://www.aueuconnect.com

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22.01.2022 More Asian workers in Poland The Polish labor market is attracting increasing numbers of workers from Asia, mostly South Asia. The number of labor permit applications for Nepalese, Indians and Bangladeshis for 6M 2017 exceeded 4,000 and was higher than for FY 2016. While Ukrainians continue to be the largest immigrant group in Poland, Asians increasingly often fill in the gaps Ukrainians no longer do, job agency Grupa Progres' Marcin Kolodziejczyk said. POLandAUSSIE, Dipak Dhamala, Naiyer Fatema, Shina Kaul

19.01.2022 Lufthansa's new look

18.01.2022 Poland's government is increasing EU funding from the Intelligent Development operational program for innovative projects developed by small- and medium-sized firms, start-ups and academic & industrial consortia, to over EUR 4.3 billion.

14.01.2022 Just next door to Europe...... Gosia Hill, POLandAUSSIE

14.01.2022 Polish food export key destinations. POLandAUSSIE Africa and Asia will in the future become key markets for Polish food exporters, according to Aleksander Libera of the Polish Investment and Trade Agency (PAIiH) cited by the daily Rzeczpospolita. The most important markets in Africa are Nigeria, RSA and Algeria, followed by Kenya. Polish producers are already making gentle forays, especially confectioners. One of the possible expansion paths are foreign direct investments and the biggest players are already considering them, Libera says. In Asia, the most important market is China.

14.01.2022 Poland's medium and small companies have increased employment by over 5.8% year on year in Q3, the best result in three years, the daily Rzeczpospolita writes citing the recent report by the outsourcing solutions provider ADP Polska on employment in innovative companies. Almost 40% of Polish SMEs are expected to intensify hiring within the upcoming year in a very good sign for the whole labor market, ADP Polska's Magdalena Dacka comments. The trend comes with some challenges, though: more and more companies are forced to seek employees among Ukrainian immigrants and struggle with complicated legal procedures concerning their employment. POLandAUSSIE

11.01.2022 PKP Cargo goes to China. POLandAUSSIE Listed rail freight carrier PKP Cargo eyes considerable growth opportunities from the transportation of food products to China as part of the New Silk Road trading route, a cooperation initiative linking Europe with China, PKP Cargo CEO Maciej Libiszewski says. Chinese consumers value Polish food products, which is a chance for the Polish economy to jump at, Libiszewski says. The Polish rail freight will be faced with a significant log...istics challenge when delivering to China, though, due to railroad infrastructure insufficiencies, Libiszewski observes, a fact born out by the congestion at the Polish-Belarussan border or planned railroad close-downs. PKP Cargo has been opting for enhancement of the domestic railroad network for a long time now, Libiszewski reminds. See more

11.01.2022 Enterprise Investors to spend EUR 250 million in Poland POLandAUSSIE Private equity fund Enterprise Investors (EI) has just raised EUR 498 million for its new CEE fund, nearly EUR 50 million above initial assumptions, and plans to spend at least a half of the sum in Poland, EI CEO Jacek Siwicki told the daily Rzeczpospolita. EI will be looking particularly closely at mid-sized companies from such sectors as retail, consumer goods, financial services and healthcare, but the approach will be selective. Asked about foreign investors' view of Poland, Siwicki pointed to concerns about sources of funding beyond the EU financial perspective 2014-2020 and the uncertain future of pension funds OFE.

09.01.2022 Almost 540 billion transferred from Poland POLandAUSSIE Foreign firms transferred PLN 537.8 billion from Poland to other EU countries in the period 2005-2015, the Ministry of Finance wrote in response to an MP inquiry. That amount includes both taxed and tax-exempt income of the companies with their registered seats in EU countries other than Poland, the ministry explained.

05.01.2022 Automotive industry flourishes The Polish automotive industry boosted its output by 7.5% year on year to a record-high PLN 77.4 billion in H1, daily Rzeczpospolita writes citing data by market researcher AutomotiveSuppliers.pl. 5Y output growth exceeded 40%, with sales of car parts and accessories more than doubling during this period to reach PLN 43.5 billion in H1 2017. Automotive exports went up by almost a tenth in H1 to EUR 13.2 billion and are seen growing by over EUR ...3 billion year on year to settle above EUR 22 billion in the whole year, according to AutomotiveSuppliers.pl. Employment in the sector rose 8% year on year to an all-time high 192.600. The upward trend is encouraging new investments, with the value of projects announced by the automotive industry in 2016 approximating PLN 3 billion according to Industrial Development Agency data from June, which may boost the sector's output by 1.5-2% and translate into a 0.1-0.2% increase in Poland's overall industrial output. See more

05.01.2022 Poland - regional hub for AI. POLandAUSSIE Poland could become a regional hub for the development of technologies based on artificial intelligence (AI), McKinsey & Co. consultancy points out in a recent report. The country is slowly joining the AI revolution underway in the world, McKinsey & Co. managing partner Marcin Purta said as cited by the daily Rzeczpospolita. Some banks are including AI implementation in their strategies for the coming years, healthcare sector companies are using AI to conduct online interviews with patients, retailers are applying AI to automate recommendations, while telecoms and insurers are using it to improve security.

03.01.2022 JP Morgan opens operations hub in Warsaw POLandAUSSIE American investment banking giant JP Morgan will employ 3,000 people in its new corporate center in Warsaw, which will carry out investment banking operations for clients from all over the world, daily Rzeczpospolita writes. Launch of the center was be officially announced on Tuesday by the Development Ministry. Poland eyes attracting further new projects by world's largest banks and increasing scale of operations from b...anks already present in Poland after securing an operations hub by JP Morgan that will employ at least 3,000 persons, deputy PM Mateusz Morawiecki said. "We are already conducting talks with other banks, these are very large entities," Morawiecki said of the project pipeline. "But we are also talking about expanding operations of the banks already present in Poland." "Credit Suisse is increasing its presence, UBS is increasing its presence, Citibank is," Morawiecki enumerated. JP Morgan received a state subsidy of unknown size for the investment. See more

01.01.2022 Energa sues investors and banks Power blue-chip Energa is claiming PLN 600 million from wind farm investors and banks financing those investments following its decision to annul multiannual green certificate purchase contracts in September, daily Parkiet writes. Settlement hearings are supposed to start this week but the one involving bank BOS will likely be postponed, according to the newspaper. None of the banks involved will agree to a settlement as this would cost CEOs their job, a source close to large-cap lender PKO BP tells Parkiet. The investors also refuse to hear of a settlement and plan to demand return of certificates from Energa should the contracts be declared void, which could cause the power company to face fines from energy market regulator URE.