An elderly lady once said “we were promised a long life, but all we got is old age”. Progressing loss of independence and a sense of uselessness are a source of anguish for seniors and generate problems and costs for societies.
According to Eurostat data, the volume of industrial production of basic pharmaceutical products and preparations in the European Union in 2019 increased y/y. The highest y/y growth rate was recorded in May — 15.8 per cent.
“In the short term, the adaptive capability of Polish companies is high. However, what will be important is whether they are able to utilize modern technologies and increase profit margins,” says Piotr Boguszewski from Poland’s central bank.
The process of reforming systemically important banks hasn't been completed yet. The independence and credibility of the regulatory and supervisory bodies will be of crucial importance in the effort to reduce the systemic risk and moral hazard generated by such banks.