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When compared to the European market, the Polish market for fairs and exhibitions is rather small but well-developed, and it has been steadily growing for several years. More and more events organised in Poland are congresses and fairs with a global reach, attracting foreign exhibitors and guests. This drives business tourism and commercial real property market. Additionally, the fairs and conferences contribute to the development of companies and the entire economic sectors, which become popular thanks to such events. The base of trade fair and conference centres, however, requires extension and modernisation with a view to ensuring the further growth of this market.

According to the latest National Bank of Poland inflation report, this year prices in Poland will grow at an average rate of 2.1 percent. This is less than expected in November, when inflation was predicted at 2.3 percent. At 3.3 percent, food prices are expected to increase the most. However, the projected GDP growth has been revised upwards.

Personal hygiene products’ market has been steadily growing by some 3-4% per annum. Faster growth is experienced by its relatively new segment, namely home care products. In both cases the dominant trends to govern this market over the next years are innovation and environmental-friendliness. You might think that innovation in the production of cotton pads or swabs is limited. Quite the opposite, you can be very innovative in the production of even such rudimentary personal care products, says Rafał Szczepkowski, CEO at Harper Hygienics.

In March inflation was only 1.3 percent in annual terms and it was the slowest increase since December 2016 – the first month to have recorded an increase after 2.5 years of deflation. Such low figures are so surprising that they might even be incorrect, claimed Piotr Kuczyński, CAO at Xelion. But there is no risk of going back to deflation. The continuing slight increases in prices are delaying increases in interest rates.

The Polish fintech market, which includes companies providing financial services with the application of technological solutions, is one of the largest among Central and Eastern European countries. Its value is estimated at almost EUR 860 million. Every fifth Polish citizen is already using fintech solutions, and by 2020 the share is to rise to almost 50%. The dynamic development of fintech solutions enforces changes in the banking sector, taking the form of, e.g., instant online payment or instant borrowing instruments. Innovative solutions also have an impact on the development of online trade.

More than 2.5 m Poles experience difficulties in the timely repayment of their liabilities. Unpaid debts is a major problem for the economy as a whole and for the enterprise sector, with businesses spending 5-6 percent of the total costs on dealing with the issue. In statistical terms, the percentage of recovered debt is low. For instance, bailiffs get back around 20 percent of debts. The experts of the Conference of Financial Companies (KPF) emphasise that the suggested changes in the regulations referring to the expiry of claims, with a more protective approach towards debtors, might make these statistics even worse.