Polish-German economic relations
The trade turnover between Poland and Germany in 2013 reached a record level of EUR 71.5 bln, up by 3.8% from a year earlier, the Polish Embassy in Berlin reported in April. Diplomats drew attention to the increasing activity of Polish companies in Germany. In addition, Poland’s settlement operator KIR announced that over a third of Poland’s international transfers were performed with Germany.
The overview of Polish coffee market
Poles are not a big coffee nation, and the coffee consumption in Poland still keeps at a very low level. An average Pole drinks coffee brew from about 2.5 – 3 kg of coffee beans annually. In Germany this average hovers around 7-9 kg, while in the Scandinavian countries this amount hits up to 14 kg a year per inhabitant. However, it’s noteworthy that coffee consumption in Poland grew by 80% in the last 10 years.
Zloty steady on the currency market, but risk of appreciation lingers
Polish zloty position on the FX market has been favored recently by low inflation, general lull in the foreign markets, as well as European Central Bank’s (ECB) and the Polish Monetary Policy Council (MPC) reference rate decisions. Analysts expect Polish currency to stabilize, however they indicate that the continuation of current trends could lead to its appreciation.
Soft drinks market in Poland – water is getting more popular than cola
Poland’s soft drinks market declined in 2013 by 1.1% to PLN 11.76 bln - data from research firm Nielsen show, quoted in February by Rzeczpospolita daily.