Marcin Radwan

🌍 Commerzbank AG to open a representative office in Lithuania.   One of Germany's largest banks will open a representative office in Vilnius this December. It will serve as the hub for the Baltic States. Commerzbank will focus on trade and project finance in the region. Fostering strong collaboration with the public sector and local financial service providers.   Commerzbank's presence and expertise will undoubtedly enhance Lithuania's banking sector's competitiveness. Its Baltic Representative Office in Vilnius will be the latest step in its mission to accompany its clients wherever they do business. Lithuania is already home to established German names such as Continental, HELLA, and Schmitz Cargobull, and German firms are the largest foreign investors in the Lithuanian Manufacturing sector. #Lithuania #Commerzbank #Finance #InvestLithuania

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#ABSL Conference in Krakow. Debate: Business services sector and FDI go hand in hand. Forget about the past. Transform service center’s to business hubs. Low profiles jobs will be automated or moved to other attractive location. Poland should find its way to respond to transformation strategy. We have employment gap with lowest unemployment rate and attracting talents from other countries is a must. AI is not a game changer, people who possess unique skills to develop AI is game changer. Be brave to reorganise your organisation. Are we playing in local or global league? Change of mentality, behaviour is crucial. Pool of talent is your assets. Math and logic skills are very high in Poland and yet Poland was not on short list for AI competencies. Our role is to build a new narrative and value proposition for future investors. Moving engineers from Ukraine and Bielarus enriched IT talent pool. Don’t ask for permission ask for forgiveness. Take control and take decisions where you see blockers. Try things and form your opinion based on data! Great beginning!

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Part 2 of wealth creation in Poland: In the first part we have learned a bit about our history and also preferences in terms of assets we like to invest in as a nation.🧠 In this part I will focus more on the measurable data such as GDP growth, Investments in the country and number of Businesses and their potential for growth.📈 We will also focus on the projection of having more HNWI’s in Poland in the next few years.🤔 From 1989 we have became essentially a free country with an opened economy. This created a lot of new opportunities to explore new markets and since comparing to western european countries we were also much cheaper than competitors. With a combination of a high quality education and EU membership since 2004 you can see as on the graph that we had pretty much a very stable growth. This scenario allowed for more small and medium sized businesses to be created. There were huge market opportunities that before were only availible in foreign western countries. To give you an example, my parents used to tell me that in shops there used to be sugar and vinigar😬 opened market and also at a later stage EU single market allowed Poland to become a competitor with high quality goods and services internationally and domestically we could also start to import goods from abroad. Many people tried a lot of things for the first time and we also took a lot of examples from cinematography which became widely availible. As an interesting point during the financial crisis in 2008 Poland was named as the green island as we did not encounter recession like other EU members. Connected with a high amount if EU financed investments as represented on the graph we grew between 2%-4% almost every year until the pandemic. This event unfortunately did not avoid us either where we could see a negative growth up to 9%. The reason for that is we are still very much dependant on other economies like Germany. Adding poor government decisions I think personally we will feel the consequences for atleast another 5 years. We are 4 years after the pandemic and for the past few years we still see a negative growth in the number of newly opened businesses vs closed businesses… What is interesting in this subject is that more companies were closed between 2022-2023 than in the pandemic. The reson for that mainly is that our economy is full of small businesses or micro businesses. During those years the PIS government implemented a Tax reform which was very much a nail do the coffin of many small businesses. In 2020 we closed 141k businesses In 2021 we closed 175k businesses In 2022 we closed 192k businesses In 2023 we closed 196k businesses What is positive is that the trend is slowing down which can project a recovery but I wouldnt be so optimistic at the moment. We have now a new government which atleast during the campain showed signals of changing the Tax reform to promote Entrepreneurship.

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Lietuvos bankas | Bank of Lithuania has appointed a temporary representative to oversee the operations at kevin. The Bank of Lithuania has appointed a temporary representative to oversee the operations of #Kevin EU, UAB due to concerns about the company's financial stability and consumer interests. Kevin EU, UAB, has delayed the submission of its audited annual financial statements for nearly four months, repeatedly extending the deadlines and failing to provide necessary information to auditors. Additionally, the company has not met the capital adequacy requirements and lacks proper internal controls. To address these issues, the Bank of Lithuania has assigned the private limited company Valnetas to supervise Kevin EU, UAB's activities. The company is required to submit the audited 2023 annual reports, shareholders' meeting decisions on profit (loss) distribution, the auditor’s opinion, and the audit report to the Bank of Lithuania by August 30, 2024. The appointment of a temporary representative means that all decisions related to the company's activities must be approved by the representative, who will regularly report to the Bank of Lithuania. However, this does not affect the company's management nor its existing customers' ability to use its services. Additionally, the Bank of Lithuania has instructed Kevin to cease providing payment services to new clients until the company meets the capital adequacy requirements. Kevin, which has faced challenges in maintaining financial transparency and stability, now has a clear deadline to rectify these issues. This move by the Bank of Lithuania aims to ensure the company's compliance with regulatory standards and protect consumer interests. The involvement of Valnetas is a crucial step in stabilizing Kevin EU, UAB and ensuring its operational integrity. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://lnkd.in/d4h8zqKA  - Substack: https://lnkd.in/dzfGJzmW

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Commerzbank AG Opens a Representative Office in Lithuania “Germany is one of the most significant trade partners of the Baltic countries. This step will strengthen Commerzbank’s presence in this fast-growing region of Europe. By doing so, we also promote the diverse economic relations between the Baltic States and Germany”, explains Michael Kotzbauer, member of Commerzbank’s board responsible for Corporate Clients. “Through the Representative Office in Lithuania, our clients will benefit from Commerzbank‘s local expertise and its strong network on the ground.” https://lnkd.in/gi3meX8S Michelle Hoh Andreas Framke Marc Ahlers Alicia Euler Nasrin Shaikh Manfred Knof #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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Generational Differences in the Workplace: 3 interesting facts! 👍 Let me share with you those conclusions of a study conducted by Bentley University and Gallup 👇 How do employees’ expectations change based on their generation? How do generational differences impact the approach to leadership (from both managers and employees) and organizational culture? 1️⃣ Most Employees Want to Change the World: both younger and older respondents want a job that has a positive impact on society. Remarkably, 71% of young individuals below the age of 30 express a desire to engage in social missions. 2️⃣ Speaking Up on Social Issues: Among people aged 18‑29, 53% support companies speaking out on social issues, and among people over 45, this percentage is 35%. 3️⃣ Four-Day Workweek: already 77% of respondents (both older and younger) said that it would improve their well-being. What is more, among younger workers aged 18 to 29, as many as 82% supported a shorter working week. How about you? Do you notice similar patterns and differences in your daily interactions with people from different generations? 🧐 #generation #work #differences #GenZ #business

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𝐔𝐧𝐢𝐂𝐫𝐞𝐝𝐢𝐭 🤝 𝐂𝐨𝐦𝐦𝐞𝐫𝐳𝐛𝐚𝐧𝐤 🆚 𝐂𝐨𝐯𝐞𝐬𝐭𝐫𝐨 🏭 - 𝐆𝐞𝐫𝐦𝐚𝐧 𝐡𝐲𝐩𝐨𝐜𝐫𝐢𝐬𝐲? 🤔 The German government is opposing the UniCredit takeover of Commerzbank. Chancellor Scholz said it was an "𝐮𝐧𝐟𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐚𝐭𝐭𝐚𝐜𝐤 𝐚𝐧𝐝 𝐚 𝐡𝐨𝐬𝐭𝐢𝐥𝐞 𝐭𝐚𝐤𝐞𝐨𝐯𝐞𝐫." European colleagues and businesspeople are responding in kind, pointing out the 𝐆𝐞𝐫𝐦𝐚𝐧 𝐡𝐲𝐩𝐨𝐜𝐫𝐢𝐬𝐲 in only advocating for the European free market when it suits them. For example, there were no such concerns mentioned when Lufthansa acquired the struggling Italian airline Ita Airways (Alitalia) in July. ⁉ 𝐖𝐡𝐲 𝐢𝐬 𝐭𝐡𝐢𝐬 𝐢𝐧𝐭𝐞𝐫𝐞𝐬𝐭𝐢𝐧𝐠 𝐭𝐨 𝐚 𝐫𝐞𝐜𝐫𝐮𝐢𝐭𝐞𝐫 𝐢𝐧 𝐭𝐡𝐞 𝐜𝐡𝐞𝐦𝐢𝐜𝐚𝐥 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲❓ It strikes me as odd that the German government is diametrically opposed to a takeover in the banking sector, but quiet on the Covestro deal. Commerzbank has long been considered as inefficient, outdated, and slow. Even (especially) within Germany. Covestro on the other hand, whilst struggling, is a champion within the chemical industry and has been at the forefront of innovation since its mother company's inception (Bayer). It seems questionable to fight so hard in a sector that Germany has never been known to be great in (banking), but freely give up assets that are vital to its manufacturing sector. 🇪🇺 𝐀𝐫𝐞 𝐰𝐞 𝐛𝐞𝐢𝐧𝐠 𝐡𝐲𝐩𝐨𝐜𝐫𝐢𝐭𝐢𝐜𝐚𝐥 𝐨𝐧 𝐛𝐨𝐭𝐡 𝐭𝐡𝐞 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐚𝐧𝐝 𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐟𝐫𝐨𝐧𝐭? 🇩🇪 #germany #germaneconomy #chemicalindustry #chemicals

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Guess who is growing? 🌱 Guidehouse Lithuania offers an opportunity to deepen your knowledge and start the journey with a focus on transaction monitoring, investigations, suspicious activities, EDD, ODD, FIU, or AML. Wondering why our team members joined Guidehouse? Watch this video: [Link to video] #GuidehouseLithuania #Compliance #CareerGrowth #AML #Crypto

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Yesterday was #NationalSplurgeDay! 🎉 And we want to know, do you incorporate splurges into your budget? At Sofia Financial, we’re curious if you treat yourself. Do you splurge? ​ A. Yes, of course I do! B. No, I don’t.  C. Other (Share your own unique answer) ​ Comment and share your thoughts! Let's share without judgment and learn from each other💖 ​ #SmartSpending #WomenOver50 #FinancialWellness #TreatYourself #SofiaFinancial

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Poland's Capital Markets Sector: Leading Players and Key Trends In Poland's thriving capital markets sector, several standout players lead the way. From PKO TFI and Goldman Sachs TFI to ProService Finteco, these companies are shaping Poland’s investment landscape with billions in assets under management. As this sector evolves, so does the demand for skilled professionals in asset management, fund administration, and risk management. Curious to know more about Poland’s capital market leaders and recruitment trends? Check out our latest article for insights on the top companies and teams driving growth in the industry: https://lnkd.in/evMd3RH8 #CapitalMarkets #Poland #Investment #VeritaHR #AssetManagement #Recruitment #Finance

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5 big stories we were watching today #CNBCBanks Does UniCredit have Commerzbank in its sights? Speculation is rife over whether UniCredit's surprise stake build in Commerzbank will lead to a takeover bid of the German lender. ➡️ https://cnb.cx/3XHbNYf #CNBCPolitics Russia turns the tables on Ukraine Russia appears to have launched a major counteroffensive to retake areas of its Kursk border region that were seized by Ukrainian forces in a bold incursion. ➡️ https://cnb.cx/3TlWJfN #CNBCTech Microsoft to cut 650 jobs at Xbox gaming unit Microsoft said it is cutting 650 roles at its Xbox gaming division, in the latest major round of layoffs to hit the video game industry. ➡️ https://cnb.cx/4e5X1A8 #CNBCPro Chip stocks have been through wild swings. Analysts still like these Semiconductor stocks have been volatile, but pockets of value still exist, Morningstar says. ➡️ https://cnb.cx/4dX7SMz #CNBCMarkets Europe market moves European stocks rose as investors in the region digested the European Central Bank’s move to further ease monetary policy. ➡️ https://cnb.cx/3MJwBbe

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"Leading from the heart fosters trust, authenticity, and long-lasting success."   We had the incredible opportunity to partner with Commerzbank Digital Technology Centre Bulgaria for a transformative session on Leading from the Heart: Cultivating Authentic Leadership.   In today's corporate landscape, authenticity is no longer optional—it's essential. Genuine leadership not only builds stronger teams but also inspires trust, innovation, and sustainable growth.   Here are some key takeaways from our session:   1️. Lead with Integrity: Authentic leadership starts with being true to yourself. Show up as who you really are, and your team will trust you and follow suit.   2️. Empathy Drives Success: Understanding and connecting with your team on a human level fosters trust and collaboration, essential for navigating challenges together.   3️. Courage to Be Vulnerable: Authentic leaders aren't afraid to admit their weaknesses. Vulnerability is a strength—it cultivates deeper relationships and encourages open communication.   Commerzbank DTC Sofia is embracing authentic leadership by nurturing leaders who lead from the heart, ensuring they create lasting value for their teams and clients alike.   #AuthenticLeadership #LeadFitGlobal #CommerzbankDTCSofia #LeadershipDevelopment #EmpathyInLeadership #CorporateSuccess

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1. Scandinavian work culture? It’s more than just a phrase – at Demant, it’s a reality! ✨ We’re open to ideas from every team member, no matter their position. For me, this is incredibly valuable, as every voice matters here. 💬💡 See for yourself what our daily life looks like! 👇 #WorkCulture #TeamSpirit #DemantLife 2. In Scandinavian work culture, trust and respect for diverse perspectives are key. 🎯 That’s something I experience every day at Demant – there’s no hierarchy, and we make decisions together. 🤝 I highly recommend this post, as it perfectly reflects our daily work life! 🔥 #InclusiveWorkplace #Trust #TogetherWeAchieveMore

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Our 2024 3Q CEE Bond Report has been published. In the section on Hungary, with my colleague János Nagy, we are talking about that uncertainties surrounding fiscal consolidation plans have not really eased in the last couple of months. Nevertheless, financing is proceeding smoothly and by mid-June, approx. 56% of the gross financing plan was completed. Depending on budget developments in 2H, the ÁKK may further increase issuance by around 0.4-0.5% of GDP, which might primarily be covered on the HUF institutional bond market. We expect the 10Y bond yield to continue to move in a relatively wide range, without an explicit trend. Global - especially US - yield development is to remain a key factor and the market should continue to react to expectations regarding the Fed rate policy. You can find the full version of our 2024 3Q Erste Bond Report, including the general overview on the CEE bond market and separate sections on all CEE countries on our Erste Group Research web page here: https://lnkd.in/dwu7twi5 #erstegroupresearch #CEE #Bonds #Hungary

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🌍 Czech Exporters in the German Market: A Comparative Look with Poland 🇨🇿🇩🇪 I’m thrilled to share my contribution to the Czech National Bank’s Monetary Policy Report, where I explored the position of Czech exporters in the German market compared to Polish exporters. This analysis sheds light on how Czech businesses are adapting to the challenges in one of their most important export markets. 📊 Here are some key insights from the report: 🔹 Czech Market Share Decline (2016–2021): Czech exporters experienced a drop in their share of the German market, while Polish exporters continued to expand. 🔹 Impact of Energy Crisis: The 2022 energy crisis led to short-term disruptions, but by 2023, both Czech and Polish exporters began to recover. Polish firms, in particular, benefited from Germany’s reliance on external suppliers amid domestic production challenges. 🔹 Sectoral Focus: Czech exports to Germany remain highly concentrated in traditional sectors like electrical and mechanical machinery, motor vehicles, and metal products. These three sectors accounted for nearly 60% of Czech exports to Germany in 2023. 🔹 Polish Competition: Unlike Czech exports, Poland’s exports have diversified significantly over the past decade, making them strong competitors in sectors such as automotive parts and metal products. Germany’s economic shift, combined with its search for a new growth model, presents both challenges and opportunities for Czech exporters. As our largest trading partner, it’s crucial to monitor these developments closely. Read the full analysis here: https://lnkd.in/e4hRX8te #Economics #MonetaryPolicy #Exports #Trade #CzechRepublic #Germany #CentralBank #Research

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🚀 We are thrilled to release our latest episode of "Startup with Poland" featuring an in-depth conversation with Paulina Skrzypinska, Chief Innovation Officer at BNP Paribas Bank Polska. 🚀 👥 Join our host, Tessa McIver, Executive MBA, as she explores how Paulina is shaping the future of innovation within the banking industry by integrating startup solutions at BNP Paribas. With her extensive experience in fintech and as a board member at Endeavour Poland, Paulina offers a unique blend of corporate expertise and startup agility. 🔍 In this episode, you'll discover: 👉The mission and impact of Paulina’s innovation team at BNP Paribas. 👉 How to maintain a startup mindset in a corporate giant. 👉 The critical role of collaborations between startups and large corporations. 👉Insights into Paulina's personal path to innovation and her vision for the future of banking technology. Whether you're involved in the startup ecosystem, interested in corporate innovation, or simply curious about the future of banking, this episode is packed with valuable insights. 👍 Don't forget to like, share, and subscribe for more compelling content from Poland's vibrant startup scene. Co-producers: Poland Weekly & Andrea Bandirali #startup #ecosystem #corporate #innovation #startupwithpoland #poland

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How is Paulius Zurauskas, Head of INVL Asset Management, investing?💡 Hear more in the podcast (LT). There he openly shares his personal portfolio decisions, and even more - justifies his choices 👉https://lnkd.in/d5A9fBWw #invl #assetmanagement #investment #ideas #podcast

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