Poland’s largest drone producer, WB Electronics SA, forecasts strong revenue growth and is preparing for a possible IPO on the Warsaw Stock Exchange.
Poland’s parliament could not reverse the president’s veto on a new crypto law, while the probe into the Zondacrypto platform widens and its Estonian operator files for bankruptcy, highlighting regulatory and legal challenges for crypto services in the region.
Erste Group, Austria’s largest bank, entered the Polish market last year and now intends to raise its ownership in its Polish subsidiary. Its chief executive, Peter Bosek, said hostile takeovers in the banking sector are problematic.
Zondacrypto’s boss, Przemysław Kral, is under fraud investigation in Poland and is cooperating with prosecutors to obtain a reduced sentence, with customer losses estimated at $650 million.
Deutsche Telekom AG will buy a fiber company and a TV provider in Poland from Macquarie Asset Management for about €1 billion, aiming to strengthen its broadband offering in the Polish market.
Polish cryptocurrency exchange Kanga has obtained a MiCA (Markets in Crypto-Assets) license in Latvia, enabling it to operate under European regulatory framework for crypto-asset service providers.
European airlines have failed to pay billions in passenger compensation for flight delays as required under EU261/2004 regulation. Analysis by the Financial Times shows that since 2011, €18 billion in compensation has been due to passengers, but only a small portion has actually been paid, leaving €3.2 billion currently unpaid.
ElevenLabs, an AI voice company, is expanding its Warsaw hub as part of its strategy to grow its presence in Central and Eastern European markets and attract new customers in the region.
Poland’s largest parcel locker operator InPost SA is expanding its presence in France with a €500 million investment planned through 2030 as part of its broader European growth strategy.