EU to invest in Greenland, Allegro turns to AI, and presidential vetoes could cost billions

The European Union is stepping up its interest in Greenland, with Ursula von der Leyen announcing €200 million for infrastructure, energy and rare-earth mining during a visit to the island. The European Commission also plans to set aside another €500 million for Greenland in its next budget.

The investment reflects both economic and geopolitical interest. Greenland holds 25 of the 34 raw materials that Brussels classifies as critical. The podcast also links the EU’s plans to renewed interest from Donald Trump in the possibility of the United States taking over Greenland, citing the island’s untapped resources.

Poland’s public finances face a different uncertainty. The draft state budget for 2027 assumes 695 billion zlotys in revenue, including 622 billion zlotys from taxes. Economists at Erste Bank warned that possible vetoes by President Karol Nawrocki could affect changes to personal income tax, corporate income tax, lump-sum taxation, VAT and excise duties.

Implementing those changes would increase state revenue by 10 billion to 15 billion zlotys. Their absence would not amount to a catastrophe for public finances, the economists said, but it would reduce the financial cushion and make fiscal consolidation more difficult. Over the longer term, they said, it could also increase the risk of a lower Polish credit rating and raise debt-servicing costs.

Allegro has meanwhile started a strategic partnership with ElevenLabs. Its first product will be a voice AI assistant that answers customers’ questions about parcel delivery and collection. Allegro says the technology could later expand into other areas of customer service. Trigon Brokerage House separately named 15 companies it sees as attractive in the coming months, including Allegro, Budimex, CD Projekt and Orlen among large WIG20 firms. It remained neutral on banks, citing limited growth potential.