The European Commission published the 2016 edition of its Regional Competitiveness Index. The index, prepared for the third time in history, presents detailed information on the development of all regions in the European Union. The results of the research is published every three years. The European Commission analysed available data on 263 EU regions. The…
After Polish Sejm and Senate passed amendments changing the act on freedom of business activity, the document landed on the desk of the President of Poland. Andrzej Duda has just signed the bill, which introduces the amendments to one of the most important legal documents regulating economic activity in the country. The President’s signature is…
Last week, the National Bank of Poland introduced a new banknote in the value of 500 PLN. The new payment instrument will have the greatest value among the banknotes that are printed for Polish people and institutions. In the wallets of Poles there are already notes in the value of PLN, 20 PLN, 50 PLN,…
January 2017 is the first month of functioning of a new act on innovativeness (the so-called “small act on innovativeness”). Ministries of Development and of Science and Higher Education have joint their efforts to make investment in new technologies in Poland easier and more attractive than ever before. The new legal act introduces some very…
The numbers coming from the Central Statistical Office (GUS) show that the end of 2016 was a very good time for the retail sector in Poland. Positive situation on the labour market made Poles inclined to visit stores and spend noticeably more money there than twelve months ago. The shopping spree is good for the…
From 1 March (and not 1 January, as the Sejm wanted) tax collection and safety of public finances in Poland will be handled by National Fiscal Administration (KAS). Before taxpayers and officials there is a great tax administration reform. According to the announcement from Marian Banaś, who will stand in charge of the unit from…
The National Bank of Poland (NBP) presented its quarterly report on payment cards in Poland. The number of cards on the Polish market has been steadily growing since 3Q2015. In the third quarter of 2016 there were 36.3 million of bank cards, 27.9 million of which were debit cards. The number of credit cards also…
The current energy situation in Poland is still one of the most controversial situations in our country. Poland tries to keep increasing the portion of energy from renewable sources (RES). Examples of positive effects came from for example Denmark or Germany, the countries that renewable energy took by storm. According to the TGE Information Platform…
Details of the plans to introduce further changes that are to make Polish fiscal system more flexible and friendly are regularly presented to public opinion by Polish Deputy Prime Minister and the Minister of Development Mateusz Morawiecki. However, he believes the changes should not be revolutionary, but rather improve how the system works systematically. The…
The Ministry of Justice published a draft of a new anti-usury bill, lowering the limits on loan costs other than interest. According to the bill, the fees and commissions will not be permitted to exceed 10 percent of the loan amount, which will be able to increase by 10 percent of the amount for every…
