Business News from Poland with a Finnish Twist
Economic indicators in September 2024
ECONOMY
Median (not average) wage in Poland reaches PLN 6,549.22 (EUR 1,504)
Usually, we tend to report the average wage, but here is an update on media wage too.?
In March 2024, the median wage in Poland was reported at PLN 6,549.22 (EUR 1,504) gross, according to the Central Statistical Office (GUS). This figure is notably lower than the average wage of PLN 8,604.72 (EUR 1,979), indicating that more than half of Poles earn below the average.?
The study highlights gender pay disparities, with median wages for men at PLN 6,770.08 (EUR 1,557), surpassing those for women by PLN 412.64 (EUR 95). The highest median wages were found in the 35-44 age group (PLN 6,885.05, EUR 1,580) and in organizations with over 1,000 employees (PLN 7,941.18, EUR 1,826).?
Notably, 10% of the highest earners received at least PLN 14,016.00 (EUR 3,225), while the lowest earners made no more than PLN 4,242.00 (EUR 974). The highest median wage was recorded in the Information and Communication sector at PLN 10,558.90 (EUR 2,426).
Source: tvn24
Inflation in Poland: September 2024 report
Preliminary data from the Central Statistical Office (GUS) on 30th Sep shows that consumer inflation in Poland reached 4.9% year-on-year in September 2024, exceeding slightly consensus predictions. Key highlights include a 4.7% rise in food and non-alcoholic beverage prices and an 11.4% increase in energy costs, while fuel prices for private transportation decreased by 2%. Energy and service costs were fuelling inflation also in August.
On a monthly basis, food and beverage prices rose by 0.2%, and energy costs also increased by 0.2%, but fuel prices dropped by 3.4%. These trends indicate ongoing inflationary pressures in many sectors. By year-end, inflation is projected to stabilize around 4.5%. Additionally, rising production costs and anticipated increases in oil and gas prices could speed up inflation. Forecasts for 2025 are at a similar level, a stable but slightly elevated inflation between 4 and 5%.
Over 1 million foreigners employed in Poland
The Central Statistical Office reports that as of March 2024, Poland employed 1,011.6 thousand foreigners, representing 6.6% of the total workforce. Among these, 383.8 thousand held civil law contracts. The majority, 690.1 thousand, were Ukrainian citizens, making them the largest group of foreign workers in the country. This data highlights the significant role of foreign labor in Poland's economy, particularly from Ukraine.
Source: obserwatorfinansowy
1bn Euro of fake invoices
In the first half of 2024, Poland's Ministry of Finance uncovered 140,500 fictitious invoices, a staggering 102.6% increase from the previous year, totaling PLN 4.25 billion. Experts attribute this rise to improved analytics and heightened scrutiny by tax authorities rather than an actual surge in fraud.?
Despite the detection, enforcing tax obligations remains problematic, with actual budget impacts negligible. Analysts caution that ongoing economic difficulties may fuel further fraudulent activity, underscoring the need for more effective enforcement strategies to target true tax criminals rather than inadvertently penalizing innocent taxpayers.
Source: dlahandlu
Minimum wage increase to PLN 4,666: Impact on Polish companies
Starting January 1, 2025, Poland's minimum wage will rise to? EUR 1,073, with the hourly rate set at EUR 7.00. This increase, higher than previous proposals, is expected to cost small and medium-sized enterprises (SMEs) approximately EUR 2.71 billion, while large companies will incur about EUR 724 million in additional expenses.
The minimum wage will represent 53.83% of the forecasted average wage for 2025. While the government aims to protect purchasing power, concerns arise from business representatives about the financial strain this increase could impose, potentially leading to closures and reduced competitiveness in the market.
Read an English article about business’s concern on the hike: https://notesfrompoland.com/2024/09/13/business-groups-express-concern-at-polish-governments-minimum-wage-hike/
Source: dlahandlu
Poland's current account balance
In July, Poland's current account recorded a significant deficit of €1.46 billion, contrasting sharply with a surplus of €588 million in June and exceeding the expected €350 million deficit. This deterioration stems from a 10.5% year-on-year surge in imports, driven by strong domestic consumer demand and increased arms imports, while exports grew at a much slower pace of 4.6% year-on-year.
The goods trade deficit escalated to €1.45 billion from just €191 million in June, with the 12-month current account surplus dropping to 1.2% of GDP. Challenges persist as Polish exporters face weakening demand in the eurozone, particularly in Germany, which accounts for 27% of Polish goods exports. As imports continue to outpace exports, future demand dynamics will be critical for the Polish economy's external balance.
Source: ekonomiczny.ing
Decline in cash-only payments
According to a recent study by the National Bank of Poland (NBP), the percentage of individuals making payments solely in cash decreased by 3.4 percentage points year-on-year, reaching 8.3% in 2023. This trend reflects a broader shift toward cashless transactions, with 58.3% of respondents preferring non-cash payments.
The survey revealed that while cash remains popular, particularly among older demographics, concerns about security and convenience are driving the adoption of cashless options. Notably, 68.8% of participants still keep cash on hand for emergencies, with the majority holding amounts under PLN 10,000.
Source: pl.investing, notesfrompoland
POLISH BUSINESS NEWS
Beko Europe Plans closure of Polish plants, potentially cutting 1,800 Jobs
Beko Europe, the international home appliances firm, has announced plans to close its ?ód? factory and scale back operations in Wroc?aw, potentially leading to the loss of nearly 2,000 jobs. The closures could affect about 1,800 employees, with production expected to cease by the end of April 2025. While operations in Warsaw and a factory in Radomsko will remain unaffected, Beko stated that consolidating manufacturing into two modernized facilities in Wroc?aw and Radomsko is crucial for strengthening its presence in Poland. The company emphasized that these measures aim to address significant financial losses and ensure long-term sustainability.
Source: tvpworld
Qemetica acquires US factory for over PLN 1 billion
Polish chemical company Qemetica (formerly Ciech), controlled by Sebastian Kulczyk's holding, has acquired production plants in the US and the Netherlands from American giant PPG for PLN 1.2 billion (€279 million). This acquisition includes assets, production rights, and R&D activities, marking one of the largest Polish-led transactions in the American market. Qemetica plans to use the acquisition to diversify its operations and increase revenues. The company recently rebranded itself and announced a strategy focused on growth and sustainability, aiming to reduce carbon emissions by 45% by 2029.
Source: qemetica.com
Polish ammunition producer Grupa Niewiadów to build new 155 mm shell factory
Grupa Niewiadów, a major Polish private ammunition producer, is investing approximately €57.5 million to construct a factory for 155 mm artillery shells in ?ód? province. The facility, expected to start production within two years, will produce 180,000 shells annually, serving NATO-standard artillery. The project includes a research and development center, with plans to collaborate with partners from India, Germany, Slovakia, and the Swedish arms company Bofors. The factory will operate in three shifts, employing 120 workers, and aims to support the Polish Army and international markets.
Source: wnp.pl
Lidl’s Strategic Expansion
In a recent interview, Lidl Poland's CEO W?odzimierz Wla?lak addressed the competitive landscape, particularly regarding price wars with rival chains Biedronka and Dino. He noted the impact of recent global challenges, such as the pandemic and inflation, on consumer shopping habits, leading to heightened price sensitivity. While Lidl plans to open several dozen new stores next year, maintaining a more measured pace compared to Biedronka and Dino's aggressive expansion, Wla?lak emphasized the importance of larger store formats for improving customer experience. He indicated that Lidl is committed to increasing promotional budgets, resulting in lower prices for shoppers.
Source: portalspozywczy
Major changes ahead for Poland's deposit system in 2025
Poland's deposit system, set to launch on January 1, 2025, could cost over EUR 8.51 billion in the next decade, according to Deloitte. This initiative aims to increase the recycling of over 10.3 billion plastic and metal beverage containers annually, helping meet the EU's 90% recycling target by 2029.?
While initial participation may cover only 50% of containers, the system will involve substantial investments—EUR 3.26 billion in setup costs and EUR 5.31 billion in operational expenses. However, concerns linger about VAT regulations, financial settlements among multiple operators, and potential challenges for municipalities in achieving recycling goals.
Source: tvn24
Grupa K?ty acquires Selt for €91.8 Million
Grupa K?ty has finalized the acquisition of 100% of Selt's shares for PLN 394.9 million (approximately €91.8 million), enhancing its product portfolio in the sun protection systems market. The deal, financed through internal funds and a bank loan, aims to extend Grupa K?ty’s value chain and leverage synergies in purchasing, sales, and customer service. Selt, a leader in the sector with annual revenues of around PLN 280 million, offers products such as external blinds and awnings, addressing trends in thermal modernization and energy efficiency. This acquisition aligns with Grupa K?ty's 2021-2025 growth strategy.
Source: wysokienapiecie
Polish eSky purchases Thomas Cook?
Polish travel group eSky has acquired the Thomas Cook brand from Fosun for ￡30 million (€35.6 million), excluding its operations in China. Founded in 1841, Thomas Cook faced insolvency in 2019 due to a ￡1.1 billion debt, causing turmoil in the travel sector.
eSky plans to capitalize on Thomas Cook’s legacy to strengthen its footprint in Western Europe and diversify its offerings from flights to package holidays across Europe and Latin America.
Source: euronews?
Newag secures framework agreement for electric multiple units worth up to €260 million
Newag has finalized a framework agreement with Ma?opolska Province and Koleje Ma?opolskie to supply electric multiple units valued at up to €260 million. According to the announcement, the agreement allows the ordering party to place multiple orders, totaling up to €260 million. The maximum value enables the ordering of up to 25 vehicles, including maintenance and additional services. This four-year agreement stipulates that within the first 12 months, the ordering party may request between 6 and 14 vehicles.
Source: stefainwestorow
Challenges ahead as Poland secures EU transport funding
Poland is set to receive nearly €23 billion from the EU budget for transport sector improvements over the coming years, aimed at strengthening infrastructure and rolling stock projects. The National Reconstruction Plan's recent approval has spurred competition announcements. Since 2007, EU funding has contributed nearly €46 billion to transport infrastructure, with notable projects including the Pendolino train and Warsaw's metro.
However, concerns arise over the tight deadline, as EU funds must be settled by mid-2026, prompting fears among manufacturers and construction workers about meeting this timeline.
Also, the city of Krakow has published a metro plan, read more here: https://notesfrompoland.com/2024/09/18/krakow-announces-plans-to-build-metro-system/
Source: wnp.pl ?
Poland leads EU in AI adoption
Poland is experiencing the fastest AI adoption rate in the EU, with 30% of companies implementing AI technologies—a 36% increase over the past year. The defense sector leads in AI usage at 71%, followed by manufacturing (47%) and financial services (40%). Major challenges include recruiting skilled employees and navigating unclear regulations. To attract talent, 85% of companies are willing to offer salary increases, averaging 28%, for candidates with AI expertise.
Source: investing.com
?abka Group announces IPO on the Warsaw Stock Exchange
?abka Group is set to conduct an initial public offering (IPO) and list its shares on the Warsaw Stock Exchange. Chairman Krzysztof Krawczyk and CEO Tomasz Suchański highlighted this move as a step towards enhancing brand visibility and supporting franchisees. The company aims to double sales by 2028, planning to open over 1,000 new stores annually in Poland and Romania. The IPO will facilitate better access to capital markets and strengthen its public image while maintaining support for franchise operations.
Read an English article about Zabka’s IPO plans here.
Source: dlahandlu
INTERNATIONAL INVESTMENTS IN POLAND
German TRILUX opens new factory in ?widnik, creating 250 jobs
German company TRILUX has inaugurated a €32 million production and development facility in ?widnik, near Lublin, to strengthen its presence in Central and Eastern Europe. The new plant spans 23,000 sq m, with a production capacity of up to one million energy-efficient LED lighting fixtures annually, primarily for offices and commercial spaces.
Initially employing around 70 workers, the facility aims to expand to 250 jobs in production, assembly, and logistics. This investment highlights the region's strong infrastructure and skilled workforce, reinforcing TRILUX's commitment to growth and sustainability in Poland.
Source: dlahandlu
Amazon opens 11th logistics center in Poland, creating 1,000 jobs
Amazon has launched its 11th logistics center in Gorzyczki, Poland, celebrating ten years in the country. The new warehouse, covering 211,000 sq m, aims to create over 1,000 permanent jobs within the first year. This facility will strengthen Amazon's logistics network across Central and Eastern Europe, focusing on large, non-sortable orders like furniture.?
Entry-level employees will earn €7.78 per hour gross, along with various benefits, including private medical care and free transportation on select routes. Over the past decade, Amazon has invested over €4.57 billion in Poland, generating over €3.45 billion in local wages and creating more than 70,000 direct and indirect jobs.
Source: dlahandlu
Intel secures EU approval for major investment in Poland, and then puts it on hold
The European Commission has approved state aid for Intel's investment in Poland, amounting to over €1.57 billion from 2024 to 2026, according to Minister of Digital Affairs Krzysztof Gawkowski. Intel plans to construct a Semiconductor Integration and Testing Plant in Mi?kinia near Wroc?aw, with a total investment exceeding €5.6 billion.
领英推荐
Despite previous formalities not being completed by the prior government, Intel's new facility aims to establish a technologically advanced semiconductor supply chain in Europe. The site preparation for the investment is underway, covering approximately 50 hectares, and is expected to be completed by late 2024. Intel has been operating in Poland for over 20 years, employing around 10,000 people in the EU.
Couple of days after the approval, Intel announced they will put the new investments on hold, including Polish plant.
Source: money.pl
UniCredit interested in mBank?
The Italian banking group UniCredit, having recently acquired a 9% stake in Commerzbank, is eyeing a return to Poland by potentially taking over mBank, currently majority-owned by Commerzbank. Analysts speculate on the implications of such a move. One scenario suggests UniCredit may maintain its current stake as a portfolio investment. A more likely scenario involves a full merger, which would create a significant Italian-German bank in Poland through mBank.
However, concerns linger over mBank’s performance due to ongoing Swiss franc issues, with the bank grappling with legal risks linked to CHF loans. While UniCredit's historical approach has been centralized, analysts suggest that mBank’s operational independence might diminish.
This potential acquisition indicates renewed foreign interest in the Polish banking market, as it faces challenges in profitability. With various banks possibly looking for new ownership, UniCredit’s return could reshape the landscape.
Source: rp.pl
ENERGY
The biogas market battle in Poland
Poland's biogas market, rich in potential, is witnessing a competitive struggle among companies eager to capitalize on its vast resources. The country boasts the fifth-largest biomass potential in the EU, with an annual biomethane output capacity estimated at up to 10 billion cubic meters. While major players like Orlen and Polska Grupa Biogazowa expand their operations, smaller agricultural biogas plants also present opportunities. However, financial support is crucial for these smaller installations, as current funding and legislative frameworks largely favor larger projects, leaving the potential of smaller biogas plants largely untapped.
Source: energia.rp
Investment in heat storage by 2030
A report from the Institute of Renewable Energy (IEO) and the Polish Chamber of Energy Storage (PIME) estimates that investments in Poland’s heating sector will reach PLN 30 billion by 2030. All surveyed heating companies plan to focus on heat storage and renewable energy sources (RES). The potential for heat storage is estimated at 57.4 GWh per day, with a realistic annual capacity of 6,651 GWh. Notably, 6.6 million heat buffers could provide hot water for households, storing nearly 4.2 TWh of excess renewable energy annually. Substantial investments for residential heating are expected post-2030.
Source: properynews.pl ?
Electricity prices are expected to drop in long-run when the mix changes
By the end of 2025, electricity prices in Poland may decrease as the energy mix shifts towards 30% renewable sources, according to Paulina Hennig-Kloska, head of the Ministry of Climate and Environment. With increased renewable energy production, costs are expected to fall by 13% by 2030 and 30% by 2040, aided by reduced emission permit expenses. The independent Energy Regulatory Office (URE) is anticipated to announce lower tariffs in the near future, stabilizing the energy market after the current post-crisis adjustments.
Planned new amendment to the wind farm law is to increase the availability of land by 1/10 of the country's area. A draft law proposes liberalizing onshore wind turbine construction by reducing the minimum distance from residential buildings to 500 meters, down from the current 700 meters. This change could unlock significant potential for wind energy, increasing the available land for projects by 44%. The law also introduces new restrictions on wind farm locations near Natura 2000 areas and aims to accelerate wind energy development, potentially enabling over 10 GW of new capacity by 2030.
Sources: dlahandlu, energia.rp
HOUSING MARKET
Housing loan inquiries drop sharply
The Polish housing loan market is seeing a significant decline. In August 2024, inquiries to the Credit Information Bureau (BIK) fell by 25.2% compared to last year. The number of potential borrowers dropped by 32% to 26,410 applicants, down 13.7% from July 2024.
Despite fewer inquiries, the average loan amount rose to PLN 431,000, up 5% from August 2023 but slightly down 1.1% from July 2024. BIK's chief analyst, Waldemar Rogowski, noted that while demand is slowing, it hasn’t returned to pre-Safe Credit 2% program levels.
Rogowski stressed the need to closely watch this trend, linking the drop to the holiday season. Still, the increase in loan amounts shows that some borrowers have improved creditworthiness due to rising real wages and stable interest rates.
Source: tvn24
Polish buyers surge in Spanish property market
A growing number of Poles are investing in Spanish property, driven by inflation and geopolitical concerns. In 2022, Polish citizens bought nearly 3,000 properties in Spain, marking a record increase of over 160% compared to the previous year. For many, Spain offers lower property prices compared to Poland, with the added appeal of a warmer climate and perceived safety, especially in light of the war in Ukraine. Polish voices are now a common sound in Spanish towns like Torrevieja, with businesses and real estate agencies catering to this new wave of buyers.
Source: notesfrompoland
Rising rent burden in Poland's major cities
According to the Polish Economic Institute (PIE), half of the residents in Poland's largest cities spend over 30% of their salary on rent. In March 2024, the median salary was approximately €1,432, while the average rental price for apartments exceeded 30% of this amount.?
In Warsaw, the average rent was €889, accounting for 48% of the median salary, while cities like Gdańsk, Kraków, and Wroc?aw saw rental costs between 37% and 38% of salaries. Poznań and ?ód? were exceptions, with rent consuming 33% and 27%, respectively. A significant portion of households, estimated at 35%, faced a rent gap, unable to afford suitable housing despite earning too much for state subsidies.
Source: inwestycje
FINNISH COMPANIES UPDATES
Metso expands in Poland
Metso has furthered its commitment to digitalization by opening a Digital Design and Development Studio in Krakow, Poland, on September 17, 2024. The new facility will enhance Metso’s digital capabilities, focusing on software development, AI, UX design, and data management to improve equipment performance, process optimization, and business efficiency for its minerals processing clients. Metso currently employs 50 digital experts in Krakow, with plans to expand, contributing to the company’s global digital strategy aimed at boosting customer productivity and sustainability.
Source:?metso.com
Wolt launches double order feature in Poland
Wolt has introduced a new "double order" feature in Poland, allowing customers to order from two different locations with a single delivery fee. The service, part of Wolt's expansion strategy, is available across various locations including restaurants and stores. It offers delivery within 35 minutes, with no minimum price for the second order. Wolt also expanded operations to six new cities in 2024 and continues to collaborate with major chains like Carrefour and McDonald's, aiming to create a virtual shopping experience.?
Source: dlahandlu
WithSecure Cyber Truck visits Poznań in collaboration with Bakotech
The focus of the event centered around key topics such as exposure management, the role of generative AI in cybersecurity, and the increasing threat posed by compromised identities in modern IT ecosystems. Attendees had the opportunity to explore WithSecure’s innovative approach to these challenges, particularly emphasizing what it means to be a European cybersecurity vendor in today’s global landscape.
Source:?Leszek Tasiemski / Linkedin
Ruokaboksi enters Czech market
Finnish lunch bag service Ruokaboksi is expanding to the Czech Republic this fall after acquiring an Estonian company and opening an office in Prague. CEO Juhana Rintala is optimistic about scaling the business, supported by several million euros in funding from investors like Suomen Teollisuussijoitus (Tesi) and Nordic Foodtech VC.
Ruokaboksi allows customers to order a weekly box of food and recipes to prepare 3–4 meals at home, emphasizing domestic producers and seasonal vegetables. With over 180,000 customers in Finland, the service addresses the growing demand for convenient meal solutions amid increased remote work.
Source:?talouselama.fi
Finnish biogas investment was recognized in Polish media
Construction has begun on Finland's first bioLNG plant in Nurmo, a project spearheaded by Atria Suomi Oy and Suomen Lantakaasu, a joint venture between St1 and Valio. This plant will utilize animal manure and agricultural by-products to generate around 100 GWh of energy from biogas.
The project aims to create a national network of bioLNG production facilities, targeting a total production capacity of 1 TWh. Leena Helminen, Valio's Director, noted that this initiative will help reduce emissions in the food and energy sectors.
St1 has started establishing biomethane refueling stations, with two already operational in M?nts?l? and Iittala, and plans to expand across Finland, Sweden, and Norway. Atria will gradually transition its fleet to biomethane-powered vehicles, aiming to reduce carbon dioxide emissions by approximately 10,000 tons by 2030.
Source:?magazynbiomasa
New product on the Polish beer market: Faba Bean Malt Beer
A groundbreaking beer brewed with innovative malt from faba beans is coming to Poland, thanks to a collaboration between Finnish company Viking Malt and Polish craft brewery ReCraft. This new product, named Sprau, enhances hop bitterness while maintaining the traditional flavor profile.
Source:?portalspozywczy
Visit of President Alexander Stubb?
No doubt the biggest surprise was a visit of the President of Finland, Alexander Stubb in Warsaw. Also it was a pleasant surprise that the national broadcaster, TVP, published 12min interview video of Mr. President. See it here
Pagero Welcomes Nowy Styl as new client
Pagero is excited to announce their partnership with Nowy Styl, a leader in comprehensive furniture solutions for offices and public spaces. By implementing their e-invoicing solution, Nowy Styl has successfully streamlined its operations, improved compliance across multiple countries, and optimized resource management.?
Source: pagero
EVENTS
Nordic Business Forum
On September 25 and 26, we had the chance to get to know the answers by participating in the
The networking truly is the heart of this event! We had great talks and many one-on-one meetings!
?? Check out below some of the answers to burning questions that arise in business that were answered during the NBForum24.
Business is about facing adversity?
In her keynote address, Brené Brown author of 6 #1 New York Times Bestseller mentioned that ‘there is absolutely no courage without vulnerability’. In a dynamic and uncertain business environment, many leaders feel vulnerable, which often leads to the use of ‘armour’ such as perfectionism or micromanagement. However, true courage is about facing one's weaknesses and being prepared to pick oneself up after failures. Brown highlights 4 key values of authentic leadership: knowing your values and being guided by them, having the courage to be vulnerable, building strong, and taking full responsibility for your actions.
That is why clever negotiators do not aim for a ‘yes’, but try to get their interlocutors to say ‘no’. Chris Voss a former FBI negotiator points out that in negotiations, ‘yes’ does not always mean success. Best negotiators aim to get a ‘no’ to open up the conversation and build a real agreement. Why? Because people feel safer saying ‘no’, which allows them to express their concerns and needs fully. For ex.: ‘Is now a bad time to talk?’ - rather than pushing for a ‘yes’, give the interviewer a sense of control.
How powerful is feedback?
Kim Scott, a former Google employee and CEO trainer, tells the story of how she avoided honest criticism of Bob, her employee, for fear of offending his feelings and being seen as a ‘bad boss’. The result of this ruinous empathy rather than radical candor was that, Bob did not improve his work and the team wasted time fixing his mistakes. When Scott had to fire him, Bob was surprised and disappointed, asking: ‘Why didn't you tell me?’. This story shows the importance of honest feedback to give people a chance to improve!
What do you want people to say about your company?
Building a brand requires courage and consistency. Branding is not just about creating connection points, but more importantly, sharing your vision clearly and consistently. Bozoma Saint John emphasizes that a brand must evolve, maintaining consistency at every stage. She mentions that changing a brand logo is like shaving your beard. The key question is: what do you want people to say about your company? If your team doesn't have a clear answer to this, it's time to rethink your strategy.?
Source:
Upcoming events:
CULTURE
Lublin won the European Cultural City title for 2029!
Lublin has been named the European Capital of Culture for 2029, defeating Polish finalists Bielsko-Bia?a, Katowice, and Ko?obrzeg. The city’s winning application, centered on the theme "RE: UNION," highlighted its cultural diversity and European significance. Lublin’s mayor, Krzysztof ?uk, emphasized the city's cultural potential, while the title is expected to boost tourism and development. This designation also improves Lublin’s chances of securing European funds for infrastructure and cultural projects. Lublin follows Krakow (2000) and Wroc?aw (2016) as Poland’s third city to receive the honor.
Source: tvp.pl
The Museum of Modern Art opens in Warsaw!
After two decades without a permanent home, Warsaw’s Museum of Modern Art (MSN) will open a new building in October 2024. Designed by Thomas Phifer and Partners, the 213,000 sq. ft museum is located near the Palace of Culture and Science in Defilad Square. The €135M structure features expansive exhibition spaces and a cultural forum. MSN's director, Joanna Mytkowska, aims to broaden the museum's reach, while showcasing post-WWII Polish and international art. Full gallery openings are scheduled for February 2025.
Source: theartenewspaper
Copyright ? 2024 Spondeo. All rights reserved.
Sales Manager at IT
4 个月Gratuluj? sukcesów I wytrwa?o?ci
Check out our full trade fair calendar at https://warsawexpo.eu/en/exhibition-calendar/