AGP Executive Report

Industry and Prices: Poland’s industrial production growth improved, but producer-price inflation reached its highest level since April 2023, as rising energy costs add pressure on manufacturers. The Visegrad Four is urging Brussels to ease energy costs and give industry more support. Energy Investment: Westinghouse has selected Polish suppliers for components in the country’s first AP1000 nuclear plant, while ZE PAK and SGE agreed to pursue a nuclear project at Pątnów. Grid operator PSE is also tendering 13 transformers, and R.Power has energised a 10 MWh battery in Herby. Trade and Technology: Prime Minister Donald Tusk’s India visit is set to focus on trade, investment, space and AI partnerships. Separately, Allegro now lets Ukrainian consumers order through its Polish platform, extending the reach of a major Polish e-commerce business. Logistics: Automation firm advasolutions is upgrading the logistics centre of Polish drugstore chain Hebe, highlighting continued investment in fulfilment operations.

India Business Push: Prime Minister Donald Tusk visits India Oct. 21–23 with a business delegation, aiming to deepen trade and investment ties and cooperation in technology, space and renewable energy. Space Sector: Poland’s ICEYE is exploring a radar-satellite partnership with India, while Polish satellite maker Creotech plans to expand capacity tenfold by 2029. Clean-Tech Manufacturing: Poland’s ArisEU project, aiming to build a 9 GWh battery-cell factory, is among the projects selected for EU Innovation Fund support. Grid Investment: R.Power has energised Poland’s first standalone battery-storage project. Industry Costs: Visegrad countries are urging Brussels to make EU funds more flexible to help industry manage high energy prices. Investor Profile: Poland’s economic transformation has earned it “developed market” status.

Offshore Wind: All 76 turbines are installed at Baltic Power, Poland’s first offshore wind farm. The 1.2 GW project has delivered its first power and is moving toward commercial operation. Energy Costs: Poland and its Visegrad partners want more flexibility to use EU funds to help industries facing high electricity bills and carbon costs, arguing that energy prices are undermining investment and competitiveness. Energy Storage: R.Power has energised what it describes as Poland’s first standalone battery storage facility, adding flexibility to the power system. Space Industry: Creotech Instruments plans to expand capacity tenfold by 2029 and has warned of Europe’s reliance on US rockets. Trade and Investment: Donald Tusk’s India visit this week will include business forums and talks on trade, investment, technology and renewable energy, with a large Polish business delegation accompanying him.

Defense Industry: Hyundai Rotem plans to buy Hyundai Wia’s defense unit for $252 million, bringing more weapons production in-house as it pursues overseas sales. The move follows a $6.5 billion K2 tank contract with Poland; Hyundai Rotem’s third-quarter profit fell 10.3%, while its order backlog stood at 29.14 trillion won. Biotech: Warsaw-based JJP Biologics has dosed the first patients in a Phase 1b trial of its experimental rheumatoid arthritis treatment, expanding development of its lead drug. Energy: Poland signed an agreement on a planned second nuclear plant, while a separate six-unit small modular reactor venture points to a broader push to expand nuclear power. Manufacturing and Services: Norway’s Kongsberg plans to make anti-drone cannon turrets in Poland from 2028. BYD Energy Storage says its after-sales network already covers Poland, with local service and repair support for battery projects.

Investment Climate: QNB says Poland’s reclassification as a developed market reflects its economic progress and could broaden access for international investors. Energy: Poland has signed an agreement for a second nuclear plant, while Westinghouse has placed initial orders for the project. Defence Manufacturing: Norway’s Kongsberg plans to build a $50 million counter-drone factory in Poland from 2028. Technology: Poland and Taiwan are launching semiconductor cooperation focused on gallium nitride chips, while NASK is supporting data-centre construction at PGE sites. Trade & Logistics: The EU has approved Bunge and CM’s acquisition of a Polish grain terminal, and LOT’s parent is planning a dedicated cargo airline.

Defence Manufacturing: Norway’s Kongsberg plans a $50 million counter-drone plant in Poland from 2028. Anduril says it could also make interceptors with Polish partners and is discussing local production of another missile. Market Outlook: QNB says Poland’s reclassification as a developed market reflects its economic transformation, a milestone that could broaden investor access. Nuclear Power: Westinghouse and Poland have begun long-lead procurement for the country’s first nuclear plant, while a second-plant agreement adds to the investment pipeline. Energy Costs: Poland is among EU countries seeking options for a windfall tax on oil companies as energy prices rise, balancing consumer relief against investment risks.

Energy: Europe’s LNG squeeze has made remaining coal-fired plants profitable again, including in Poland, as gas prices rise and winter approaches. Market Status: Poland’s planned upgrade to developed-market status in September 2027 reflects sustained growth and deeper capital markets; GDP topped $1 trillion, QNB says. Defence Manufacturing: Norway’s Kongsberg plans a $50 million Polish factory for counter-drone systems, while Warsaw is pressing Europe to ramp up arms production. Nuclear Power: Westinghouse and Poland have begun procuring long-lead items for the country’s first nuclear plant. Technology: Polish spacetech firm KP Labs raised €4.42 million to scale its in-orbit AI data processing business.

Nuclear Energy: Westinghouse and Poland have started procuring long-lead equipment for the country’s first nuclear power plant, a step toward construction. Data Centres: NASK is supporting plans to build data centres at PGE sites, as industry voices call for Poland to capture a larger share of global capacity. Energy Storage: Tavion has begun work on a 40 MWh battery park in Poland, adding storage capacity as the power system shifts. Agri-Logistics: The EU approved Bunge and CM’s acquisition of a Polish grain terminal, strengthening infrastructure for grain handling and trade. Defence Manufacturing: Kongsberg plans a Polish plant for counter-drone systems, amid calls to expand European arms production.

Nuclear Investment: Westinghouse and Poland have begun long-lead procurement for the country’s first nuclear power plant. Poland has also signed an agreement on a planned second plant, as a separate venture advances plans for six small modular reactors. Data Centres: Industry leaders at DCN Warsaw say Poland’s roughly 200MW of data-centre capacity is undersized for its economy and location. NASK is supporting new construction at PGE sites. Manufacturing: Kongsberg plans a Polish plant for counter-drone systems, while Taiwan and Poland have launched cooperation on gallium nitride chips. Agriculture: The EU has approved Bunge and CM’s acquisition of a Polish grain terminal, a significant step for the country’s grain-handling sector.

Energy Costs: EU leaders called for short-term relief and agreed to review the emissions trading system after Poland and other Central European countries warned that carbon costs could hurt households and industry. Industrial Security: Polish authorities arrested a suspect over an alleged Russia-linked plot to set fire to the Flytronic plant. Technology: Poland and Taiwan launched cooperation on gallium-nitride chips, while NASK is supporting data-centre construction at PGE sites. Nuclear Power: Poland signed an agreement advancing plans for a second nuclear plant. Trade and Logistics: The EU approved Bunge’s acquisition of a Polish grain terminal, and LOT’s parent plans to establish a dedicated cargo airline. Defence Production: Norway’s Kongsberg plans to manufacture anti-drone cannon turrets in Poland from 2028.

Energy Costs: Poland and other Visegrád states are pressing the EU to delay ETS2 until at least 2030, as leaders remain split over emissions rules and high energy bills. The only near-term relief under discussion is state aid. Nuclear Power: Poland has signed an agreement for its planned second nuclear plant, another step in expanding its energy capacity. Digital Infrastructure: PGE and research institute NASK plan data centres on PGE industrial sites, using existing power connections and fibre networks to cut costs and speed construction. Semiconductors: Taiwan and Poland have launched cooperation on gallium nitride chips, a potential boost to advanced chipmaking ties. Food Logistics: The EU has cleared Bunge and CM Holding to jointly control Gdynia’s Baltic Grain Terminal, which is set for renovation and a significant capacity increase. Air Cargo: LOT’s parent plans a dedicated cargo airline, with freighters, terminal investment and a maintenance base at Rzeszów-Jasionka. Defence Manufacturing: Norway’s Kongsberg plans a $50 million counter-drone factory in Poland, with production expected from 2028.

Defence Manufacturing: Norway’s Kongsberg plans to build anti-drone cannon turrets in Poland from 2028, adding local production as Warsaw urges Europe to ramp up arms output. GEODIS has also secured Polish certification for defence logistics, while GE and Shield AI are exploring engine maintenance work in the country. Energy: Westinghouse has placed initial orders for Poland’s first AP1000 nuclear plant, and a separate agreement advances plans for a second plant. Technology: Polish spacetech firm KP Labs raised €4.42 million to expand in-orbit AI data processing, while Cisco opened a network testing centre in Krakow. Financial Services: BETBY is expanding in Poland through a sportsbook technology partnership with Lebull.

Defence Industry: Norway’s Kongsberg plans to build a counter-drone factory in Poland, adding local capacity as Warsaw urges Europe to ramp up weapons production. GEODIS also gained Polish certification for defence logistics. Nuclear Energy: Westinghouse has placed initial orders for Poland’s planned nuclear plant, while an agreement was signed on a second project, advancing the country’s nuclear build-out. Space Technology: Polish spacetech firm KP Labs raised €4.42 million from Momentum Capital Partners to expand its in-orbit AI data processing business. Technology Services: Cisco opened a network testing centre in Krakow, adding to Poland’s role in the region’s technology sector. Consumer Services: Canal+ Poland faces a consumer investigation over its football subscription terms.

Defence Manufacturing: Kongsberg plans a Polish plant for counter-drone systems as Warsaw urges Europe to ramp up weapons production and US defence firms to build locally. Energy Investment: Actis has acquired a 112 MW/518 MWh battery project in Kozienice and agreed to buy a second Polish site, in Trzebinia, with 132 MW/623 MWh of capacity. Poland has also signed an agreement on its second nuclear power plant. Rail and Logistics: Alstom delivered 18 locomotives for CLIP Intermodal’s freight network. Earlier this week, LX Pantos completed a €140 million logistics centre in Poland, adding capacity to the country’s role as a regional distribution hub.

Defence Industry: Poland urged Europe to put weapons and ammunition production on a wartime footing, prioritising drones, counter-drone systems and AI while seeking faster access to NATO suppliers. Nuclear Energy: An agreement was signed on Poland’s second nuclear power plant, adding momentum to the country’s long-term power build-out. Investment: Taiwan and Poland are working toward an investment agreement by year-end, with a proposed technology park in southwestern Poland among the plans. Energy Storage: Poland’s household storage grants can reach $4,900, with extra support for EU-made equipment; investors are also advancing a 1.14 GWh battery portfolio in the country. Logistics: LX Pantos has completed a 109,000-square-metre logistics centre in Poland, a major addition to the country’s distribution capacity. Agriculture: Polish egg producers face a costly transition as 62.2% of the country’s laying hens are still kept in enriched cages, among the EU’s highest shares.

Defence Technology: NATO’s €1 billion Innovation Fund is opening a Warsaw presence and seeking investments in Poland, with counter-drone systems and space surveillance among its priorities. Retail: The European Commission has opened an in-depth probe into XXXLutz’s proposed takeover of Polish furniture maker Porta. Energy: Poland’s home-storage grants can reach $4,900, with extra support for EU-made equipment, boosting prospects for battery suppliers. Logistics and Property: CTP has signed 104,000 square metres of leases at its Iłowa park, adding momentum to Poland’s logistics market. Critical Minerals: The EU has granted strategic status to KGHM copper projects valued at $2.4 billion, supporting plans to strengthen Europe’s supply of key materials.