China is launching direct trading pairs of yuan and seven foreign currencies, including zloty, Bloomberg informs. A statement from Chinese financial market regulator says: “In order to promote bilateral trading and investment between China and Poland, facilitate the use of renminbi and zloty in cross-border trading and investment settlements and meet the needs of economic…
Deloitte took a deeper loot into the state and prospects for the fintech industry in the Central and Eastern Europe. The recently released CEE FinTech Report estimates the market value at 2.2 billion EUR, out of which 40 percent, i.e. 856 million EUR, is the market in Poland. The British company analysed nine national markets:…
The fourth quarter of the year has always been good for retailers. Christmas period is the time for which almost everyone is planning some heavy spending on food and presents. End of the year is also the time for Black Friday, Cyber Monday, and pre-Christmas sales and discounts. 2016 is going to be no different….
Alarming news is coming from Central Statistical Office (GUS). Polish economy has noticeably slowed down in the recent quarter. Prime Minister Szydło assures this is only temporary. The latest statistical data indicate that the country’s GDP growth fell below 3 percent in the third quarter of 2016. This is less than most economic experts predicted….
It has been a full year since Beata Szydło got appointed as Poland’s Prime Minister. As her government celebrates the first 12 months in office, a press conference was held to sum up the time in charge of the country and highlight the biggest successes of the current cabinet of ministers. In the 2015 general…
LOT Polish Airlines announced it intends to forge a cooperation with its Estonian counterpart, Nordica. Polish national airline will take up 49 percent of shares in Nordica’s subsidiary – Regional Jet. Both companies count on fruitful cooperation and synergy befits. In recent months, Poland’s flag carrier has been rapidly expanding its flight network. This year,…
Poland’s government is not afraid to take bold steps when it comes to the taxation system. Earlier this year, the ruling party made some changes to the CIT tax. A reform programme aiming at increasing the VAT revenues is under way, and work on a single tax in the place of several mandatory employee contributions…
New changes in VAT tax coming up. Polish government has come up with some new ideas for closing the VAT gap. The amendments are planned to come into force on 1 January 2017. The Ministry of Finance decided to keep current goods and services tax rates at the same levels as in 2016 (0%, 8%…
Prawo i Sprawiedliwość party in the general election campaign promised Poles lowering the retirement age. Now, they are saying they are going to keep the promise. Experts warn that the government is asking for trouble. When the previous government introduced gradual lengthening of the retirement age, many people in Poland were not impressed. The retirement…
The recently published “Global Talent Flows” research paper from the World Bank indicates that Poland is of the top countries with outbound migration flow when it comes to people over 15 years of age with at least one year of higher education. Among the most popular destinations for emigrants from Poland are the places where…
