Maciej Witucki

The time has come to read a very interesting report: the GREENTECH REPORT POLAND 2024 prepared by Accelpoint, Taylor Economics in partnership with PKO BP, and EIT Climate KIC   We are delighted to see the presence of three of our portfolio companies (Solwena, The SmokeD wildfire detectors, and Waste24) in the cited report. EEC Ventures is at the forefront of green VC funds, as proven by the number of portfolio companies mentioned in the report in relation to the total number of all companies in the portfolio.   Our companies have verified and confirmed the market value of the technologies and their products. They have also established partnerships with large regional or global players, and their revenues are growing.   Both The SmokeD wildfire detectors and Waste24 are already generating revenue in foreign markets. Solwena is working with major international corporations and is in the process of negotiating agreements that will result in revenues from abroad. The report contains a very thorough analysis, starting from the good definition of concepts such as greentech, cleantech, climatetech, and many interesting analyses. The report paints a picture of a young and delicate ecosystem. Quantitatively, the community of 133 "green" startups is indeed a very small percentage compared to the 4,900 technological companies in Poland. These startups are in the early stages of development, they still have modest revenues, and individual investors dominate among the investors. VC funds associated with PFR Ventures are among the largest capital donors This early stage of the system is likely the reason why less than one-third of the described startups have sought R&D funding, which is usually an appropriate source of financing for projects at this stage. It is also surprising to note that Hungary and Lithuania have attracted more investment in this sector than Poland. Reading the entire report is highly recommended.  

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It was a pleasure meeting with Minister Ignacy Niemczycki from the Polish Ministry of Economic Development and Technology during the HANNOVER MESSE trade show! We had the opportunity to present our cutting-edge 5G mmWave technology and discuss how Polish innovators (such as ourselves) can lead on the global market. We talked about the support Polish authorities can offer in helping Microamp expand to new markets and continue driving the 5G revolution. It’s inspiring to see the commitment to technological growth coming from the very top of the Polish government! #HannoverMesse #Connectivity #5G #mmWave #GovernmentTech #B2G #PolishTech #Polska #PolishStartups

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On the sidelines of the #WomenInTechSummit2024 Warsaw in June, I gave an extensive interview to Rzeczpospolita, the second biggest daily newspaper in Poland. We covered a broad range of topics: the telecommunication market in Europe, Fair Share, AI, STEM – just to name a few. Here is a brief summary:   🔹Telecommunications is Europe's Digital Backbone: The telecommunications sector is crucial for Europe's digital transformation. By enabling efficient customer contact, greater business efficiency and competitiveness, it will make life easier for citizens and enable businesses to enter the digital age. Therefore, it’s about more than just the prosperity of telecom companies; it's about enabling Europe to compete globally, particularly with the USA and Asia. Currently, the European market faces significant challenges. Europe lacks major digital platforms. Therefore, Telco companies should be enabled to grow into digital platforms such as data centers and security platforms to make sure that the digitization of European companies will not be entirely dependent on suppliers from the US and Asia.   🔹Market Fragmentation with over 100 mobile operators in Europe, compared to a few in the US and China, hinders profitability. The average return on capital employed in Europe is below the weighted average cost of capital (WACC), indicating the need for market consolidation and regulatory reforms. We need a real telecoms single market in Europe. And a revision of competition rules to foster investments as well as a reduction of regulatory complexity across European countries to encourage innovations. The vast amount of ex-ante regulation needs to be reduced to allow the market to play by its own rules.    🔹Relationship with Big Tech companies and need for Fair Share: Big Tech companies benefit immensely from the existing infrastructure without contributing to the associated costs. A fair contribution from these companies towards network costs is crucial for maintaining a sustainable connectivity ecosystem. It ensures that the telecom industry can continue to invest in its infrastructure. Also the principle of ‘same service-same rules' should be applied to the Big Tech, as most of them offer telecommunication services like Facebook Messenger, Viber, WhatsApp without complying to any of the regulations that apply to Telco operators.   🔹Regulation of Artificial Intelligence: I believe, we need to be cautious to regulate artificial intelligence and limit its potential. However, I would advocate for introducing safeguards against the misuse of AI for malicious purposes.   🔹Women in Tech: Promoting gender diversity in tech is vital. Diverse teams help prevent bias in AI, ensuring balanced and inclusive technological advancements. Encouraging more women to study and work in tech is mandatory. And it is utmost exciting – because it shapes the future of humanity. The full interview in Polish language is accessible here: https://lnkd.in/dEdqCZs2

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We had a good start to the year! Orange Polska reported solid results in #1Q2024, both financial as well as commercial. Operational profitability EBITDAaL increased by nearly 5% year-on-year. The most important result of the quarter is that revenues from our core telco services are solid and continued their strong performance growing by more than 4% year-on-year. All our key services gain new customers and build value.  This quarter was not without headwinds that affected our total revenues evolution year-on-year, particularly our IT&IS business that facing a cyclical slowdown due to broader IT market dynamic and lower demand from public sector. This business line was an important growth driver in the past and will remain a key focus for us, as we are confident that the integrated IT services and solutions will generate significant value in the future.   Thanks to investments in the development and quality of our network, customers have gained access to the latest technologies. We have already made available the best 5G mobile connectivity at speed of up to over 1 Gb/s, on approximately 1,400 base stations in over 160 cities and towns in Poland. We also started offering ultrafast optical fiber with speeds of up to 8 Gb/s, meeting the needs of the most demanding users.   Our customers are increasingly using digital tools such as My Orange App or buying our service and products online - last quarter already 23% of sales acts were made in digital channels. These solutions are convenient for customers, and at the same time they support our efficiency.   We are on track to meeting full-year & .Grow strategy objectives.   Thank you #OrangeTeam #LeadTheFuture

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Great achievement for Miasto Poznań! The Oxford Economics Global Cities Index ranks Poznań among the top cities in the world and showcases its thriving and growing economy👏 This ranking covers the largest 1,000 cities globally and highlights the best cities based on Economics, Human capital, Quality of life, Environment, and Governance. Overall, Miasto Poznań is the second-best city in Poland (210), just after the capital city, Warsaw (193). However, Poznań ranks number one🥇in the economics category among Polish cities🔝. The Economics category considers: ✅ Size of the economy (GDP size) ✅ Growth of the economy (GDP growth) ✅ Wealth per person (GDP per person) ✅ Job growth (employment growth) ✅ Economic stability ✅ Economic diversity This recognition positions Poznań as a city with significant investment potential and a promising hub for business development. Congratulations to the Poznań business community and Invest in Poznan👏. #poznan #poland # #topcity #investmentpotential #strongeconomy #business https://lnkd.in/dt-h3V4J).

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Financing is - next to regulations - the most important factor encouraging companies to green transformation. As this report shows 👇, there is definitely too little money to implement an effective green change in the global economy. And without financing, with only regulations, the whole project will fail...

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Every year we used to publish quarterly analysis about smartphone market in Western Europe. And this year, I thought it would be interesting to look at just 5G-enabled smartphones, with a special focus on smartphone shipments in the commercial segment. And here it comes, together with Zdeněk Kroužel, we used IDC quarterly device tracker data and our IDC European Enterprise Mobility and Mobile Devices Survey to provide the following analysis: * WE 5G Smartphone Market Performance by Segment (consumer and commercial) * WE B2B 5G Smartphone Market Performance — in Shipment Units * WE B2B 5G Smartphone Market Performance — Average Sales Price (ASP) * WE B2B 5G Smartphones by OS (Unit Share) * Smartphones Developments: Rugged Smartphones, Smartphones Supporting Biometric Authentication, and Smartphones Supporting Satellite Connectivity * B2B 5G Smartphones Forecast * Key drivers for upgrading smartphones to 5G * How important is for employees to have 5G-enabled devices https://lnkd.in/dvTKmMDp [behind a pay wall] #5G #SmartphoneMarket #WesternEurope #IDCTechnology #MarketAnalysis #EnterpriseMobility #MobileDevices #TechResearch #B2BTech #EITPubRes 

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Práce v marketingu s "pozitivním dopadem" ♻️🌎💡? Návod níže není dokonalý, ale je hezkým přehledem, že to jde. Vítejte ve světě "Demand Switching". -- 1. Substitute This means replacing a dirty, polluting product with a clean (or cleaner) one. For example, an EV instead of a diesel car because even over a whole lifecycle an EV produces two-thirds less impact. It might also mean shifting from a chocolate bar that has child labour in the supply chain to one that hasn’t, e.g. Tony’s Chocolonely. Many companies don’t (yet) have a superior sustainability product or proposition. That’s where we help them. But for those brands that do have a superior product with a lower impact on Nature, then it deserves to be number one in the market and if it isn’t, marketers need to help them sharpen up their go-to-market strategy. 2. Shrink Reducing the volume of a product (compaction) and/or making it more potent can reduce transport emissions, so a bottle of fruit squash drink that makes 20 litres is better than shipping in 20 litres of juice. The same is true for laundry detergent sheets over bulky powder or liquids, e.g. The Green Company. 3. Save (from landfill) We love this one, what if rather than junking consumer electronics or white goods we repaired them. There’s a lot of work to do to make repairs easier and parts accessible but changing legislation is beginning to help, e.g. the UK’s new Right to Repair law. People also get a surprisingly joyful kick from fixing a toaster. As an example. Dr Martens are launching a repair service. 4. Share Why own an electric drill, or car, or power washer if you can borrow one? The growing networks of Libraries of Things shows how this can work at a local level. A great opportunity here for a business to help facilitate community sustainability, for instance Bosch power drills. 5. Stick (around) Holding on to something you’ve bought is a brilliant way to slow consumption and emissions. It’s the ‘wardrobe classic’ of the great transition. If you can afford it, buy less but better. Clearly there’s a social justice/affordability issue here. But planned obsolescence, e.g. in phones, will one day be a criminal act. The new Fairphone 5 is a good example of a product built to last. 6. Socialise How about switching demand away from buying anything at all? There’s joy to be had in other ways than hitting the shops, unboxing or posting a haul; for example, Parkrun the free, community event where people get together to run every week is all about connection and competitive fun where the kit you’re in is of no concern. It’s sponsored by Health Insurer Vitality. As people search for new forms of post-consumer meaning, how might companies support their journeys into, e.g., learning, connecting and finding deeper purpose? ---

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A stronger global economy? More equities, please....   Yesterday (6 June), the ECB trimmed interest rates but gave the market few clues about future cuts. The US Fed might not reduce interest rates at all in 2024. What is happening? Some leading indicators we (at EnCor) use in our cross-asset allocation model (see our chart) are suggesting the global economy is growing faster than commentators expect. This will mean higher trend inflation, likely implying few or no interest rate cuts from G10 Central Banks in the near to medium term. It also means that Equities should be in favour. As we outlined last month in our latest client webinar, we again increased weights in Equities in our clients' portfolios for Q2 2024. #assetallocation #wealthmanagement #equities

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 The TowerXchange Meetup Europe 2024 took place this week and confirmed the importance for #TowerCos of efficiency combined with innovation. Their stelar asset management, hosting multiple tenants, is critical to expand and leverage the activity on new kind of assets like a #smartlamppost. Smartlampposts gather 2 important advantages - location and energy availability, and match #TowerCos ambition to expand into new lines of business. We have been developing with various TowerCos and partners robust use cases where a #smartlamppost hosts #5G #SmallCells, #mmW mesh solutions, #EV charging. At the same time, we are also working on various projects that reinvent a smartlamppost to become a RSU (Road Side Unit) that can host the upcoming connectivity services for future connected and automated vehicles, like edge computing, computer vision cameras and other sensorization and energy autonomous units.

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Poles are actively participating in contests and promotions, which is clearly visible in the results of the latest IRCenter and Pluxee Poland report. Here is some key information: 🔹 Over the past year, as many as 80% of Poles took part in various types of promotional activities. 🔹 2% of participants say that participating in contests helps them remember brands and products better. 🔹 66% of respondents admit that they are more likely to buy products that offer a chance to win. What motivates Poles to participate? 🔸 The biggest motivator is cash prizes, such as gift cards or eVouchers, which are popular with as many as 75% of participants. 🔸 Clear and simple rules for participating in promotions increase willingness to participate. Good practices in contests are worth paying attention to because: 🔸 Successfully implemented promotional activities not only increase sales, but also build customer loyalty. 🔸 Participation in campaigns promotes better brand recall, which translates into long-term benefits for companies. What about you, do you like to take part in contests organized by e-commerce stores? #Marketing #Contests #Promotions #CustomerLoyalty #Branding #MarketingStrategy.

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⚡️Interesting summary prepared by Instrat Foundation. So far in 2024, due to the lack of flexibility of the conventional energy sector and electricity consumers, Polish system was unable to collect 333 GWh from renewable energy sources. That's 4 times more than in the whole of 2023! The TSO regularly issues orders to reduce RES generation. While producers receive compensation for these redustions, it raises concerns about the commitment of corporates towards sustainable investment and green initiatives. #RES #energymix #Energytransformation #greentranformation #PPA

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T-Mobile Czech Republic a.s. And Slovak Telekom we believe that the internet should be a place where #respekt prevails, and everyone feels #MeziSvými. That is regardless of how they look, where they come from, or what they believe. Therefore, and also because today is the International Day of Countering Hate Speech, we say together with our partner organization In IUSTITIA: STOP HATE SPEECH. #magenta #telekom #respekt

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What is the current crypto market situation? 🔎 Despite recent turbulence in the market, it is still possible to believe that the bull run is not over. We learned this from FXMAG's editor-in-chief Dawid Augustyn's YouTube interview with our product manager Jacek Kubiak. Here are the key points: 1/ Bitcoin and the Halving Cycle ⛏ - Historical Halving Cycles: Each halving cycle has shown some patterns but behaved differently each time. Bitcoin's price does not always align with halving predictions. - Current Valuations: Based on historical data, Bitcoin is currently valued higher than expected, suggesting either a higher bottom or an overestimation influenced by ETF approvals. - Future Price Predictions: A model predicts Bitcoin's price post-halving to reach approximately $200,000 by the end of next year. 2/ ETFs on Cryptocurrencies 🏦 - Current and Future ETFs: Bitcoin ETFs have been introduced, and there's anticipation for Ethereum and Solana ETFs. - Regulatory Uncertainty: Ethereum ETF approval is still pending, and the regulatory environment remains cautious and selective. - Potential Impact of ETFs: If Ethereum ETFs get approved, it could open the door for Solana ETF and other major crypto, potentially enhancing market diversification. 3/ The Altcoin Market 📈 - Current State of Altcoins: There's skepticism about many altcoins, as they often lack practical utility and are seen as speculative investments. - Bitcoin’s Dominance: Despite criticism of Bitcoin's older technology, it continues to maintain a strong market position compared to newer projects. - Speculative Nature: The altcoin market is heavily driven by speculation and hype, with a significant risk of pump-and-dump schemes. 4/ Regulatory Environment ⚖ - MICA Regulations: Upcoming regulations (MICA) are intended to bring more order and safety to the cryptocurrency market but may push smaller businesses into the gray market. - Preparedness for Regulation: Companies that are prepared for regulatory changes will likely fare better, while those unprepared may struggle. 5/ General Advice for Investors 🤝 - Caution Against Pump-and-Dump: Investors should be wary of schemes designed to inflate and then rapidly deflate crypto values. - Focus on Established Cryptocurrencies: Beginners are advised to start with well-established cryptocurrencies like Bitcoin and Ethereum before exploring the broader market. Concluding remarks? 📝 The crypto market is in a dynamic phase, with potential regulatory and market changes ahead. That's why investors should remain cautious, stay informed about regulatory developments, and know the speculative nature of the market. Watch the full video here (in PL): https://lnkd.in/dtc_BHqg

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Centralized or decentralized? Take a look at my interview with Telewizja Biznesowa and see which option we at zondacrypto prefer, and why. Thanks for a great conversation!

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Today we have published the Q1 2024 financial results of 4iG Group and I am pleased to announce that we have again achieved outstanding net revenues of HUF 158 billion (+37% y-o-y) and EBITDA of over HUF 54 billion (+49% y-o-y). The EBITDA margin increased to over 34%. The consolidated EBIT has increased by nearly 168% in comparison with the same period of the previous year, reaching HUF 9.8 billion in the first quarter of 2024. All of our operations in Hungary, Albania and Montenegro have continued to show significant growth. At the same time we published 2023 financial results for some of our companies separately; Antenna Hungária, whose after-tax profit was HUF 22 billion with sales revenue of nearly HUF 517 billion, as well as the financial statements of Vodafone Hungary. After the acquisition of the telecommunications company, the results of the new ownership measures are already visible: Vodafone closed the 2023 financial year with a profit for the first time in the past five years, which amounted to HUF 1.8 billion (April-December 2023 period). The Group continued its organic growth and is progressing according to plan with the implementation of the transformation program. The restructuring of the Group's operation and corporate structure into commercial and infrastructure companies will create opportunities in the future for the sale of minority business shares in network and mobile infrastructure, expansion of wholesale activities, enhancement of the Group's competitiveness, reduction of debt levels, and thus paving the way for further growth and significant infrastructure developments. In the first quarter, the Company continued to work out the details of the cooperation with Telecom Egypt in order to prepare the investment in the submarine high-bandwidth data cable planned between North Africa and Albania. The 4iG Group signed a joint declaration of intent with the Albanian government on the investment. We are very proud of and grateful for the whole 4iG Group and our colleagues for their continuous dedication to the company’s targets and for the results achieved. https://lnkd.in/dTnTCh5F

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Very True. Because in the contemporary business environment, it's not easy for businesses to be authentic and trustworthy. Social media, digital marketing, high expectations from shareholders, consumer preferences variations, evolving standards and regulations and economic uncertainty, will push the business to build an image, even if it's a flawless reputation. The quantity and not the quality of information given to consumers, they make it hard for businesses to stand out and be seen as genuine amidst the noise. The Complex Supply Chains, the Competitive Pressure and the Intense competition can sometimes lead businesses to cut corners or engage in misleading marketing practices to stand out, which can damage long-term trustworthiness. Navigating these challenges requires businesses to be consistently transparent, ethical, and responsive to consumer concerns, which demands significant effort and resources from management and shareholders.

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Krystian Strabanik Adam Kosmala PKO Bank Polski finances the development of open fibre optic networks in Poland Together with a consortium of seven financial institutions, we have signed a loan agreement with a total value of PLN 2.8 billion with Fiberhost, INEA and related companies. Our stake amounts to PLN 600 million. "Open fibre networks are one of the most effective ways to introduce digital services in areas where residents have limited or no access to high-speed fibre internet. Such infrastructure and the services provided through it are crucial for the effective digital transformation of our country and the pursuit of climate neutrality, in line with the assumptions of the European Green Deal. That is why we are glad that we can financially support Fiberhost and INEA in the implementation of their business targets," says Marcin Majewski, Head of the Corporate Clients Relationship Division at PKO Bank Polski PKO Bank Polski supports its corporate clients in the implementation of investment projects. The financing will be used to achieve the group's strategic objectives, a.o. the development of a multi-fibre network, the expansion of the range of services on open networks and the refinancing of existing debt. #PKOBankPolski #PKOBP #loanmarkets #projectfinance #investment

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Why choose invest in Africa. Provide top potentials rich ressources. Not only export products but, operate and transfer technology to achieve the goals growth of investors. Africa is rich in natural resources, including minerals, oil, gas, and agricultural land. These resources can offer significant investment opportunities in industries such as mining, energy, and agriculture. 2. Growing Population: Africa has a young and rapidly growing population. By 2050, it is projected to be home to approximately 2.5 billion people. This expanding consumer base can drive demand for various goods and services, creating investment prospects in sectors like retail, healthcare, and education. 3. Urbanization and Infrastructure Development: As African economies continue to grow, there is a demand for improved infrastructure, including roads, bridges, ports, and utilities. Investments in these areas can lead to long-term benefits and potential returns. 4. Economic Growth and Emerging Markets: Several African countries have been experiencing significant economic growth rates in recent years, outpacing some more established economies. This trend creates opportunities for investors to tap into emerging markets and capitalize on the continent's potential. 5. Trade and Investment Agreements: Many African countries have entered into trade agreements with other regions, fostering economic cooperation and reducing trade barriers. These agreements can create a more favorable investment environment and access to larger markets. 6. Untapped Consumer Markets: With rising middle-class populations in many African countries, there is an increasing demand for consumer goods and services. Investors can target these markets and benefit from the potential growth in consumer spending. 7. Technological Advancements: The tech industry in Africa has been growing steadily, with increased mobile and internet penetration. This presents opportunities in areas like fintech, e-commerce, and telecommunications. 8. Agricultural Potential: Africa has vast areas of arable land, making it a potential agricultural powerhouse. Investments in agriculture can not only yield profits but also contribute to food security and rural development. 9. Government Incentives: Many African governments are actively promoting foreign investment through various incentives, tax breaks, and business-friendly policies. These measures can make investing in Africa more appealing to investors. 10. Diversification: Investing in Africa can provide diversification benefits to a global investment portfolio. As African markets are less correlated with developed markets, investments in the continent can help reduce overall portfolio risk. It is time to acte, join us to atrract these opportunities that is rich. IGEI.PL STMW-WEST AFRICA Marcin Jabłoński

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