Adam Głapiński, the newly-appointed President of the National Bank of Poland, appeared in the Sejm, the lower chamber of Polish parliament, to present the annual report on operations of the NBP. The report, in accordance with legal provisions, is presented to the MPs within five months of the end of the fiscal year. It touches…
A lot was being said about the future of the European Union after Brexit. It is the end of the community, many said. Meanwhile, according to „Magyar Hirlap”, the Hungarians are thinking of adopting the Euro currency in their country. Hungary’s Minister of the State Economy – Mihaly Varga – said that “if the economic…
The Ministry of Justice is working on a bill introducing heavy penalties for persons involved in VAT fraud. According to media reports, acting to the detriment of the State Treasury may be subject to a penalty of up to 5 years in prison. However, in return for cooperation with state authorities, i.e. returning stolen assets…
According to Polish Prime Minister Beata Szydło, Poland needs some good PR. The world needs to hear more about Poland’s economic success and the companies that are building it. That is why a new public body will be created: Polish National Foundation. The institution’s main goal will be to work on Poland’s image abroad and…
After Jarosław Kaczyński announced that the ruling Prawo i Sprawiedliwość [Law and Justice] has some far-reaching ideas regarding the existing pension system, the Deputy Prime Minister Mateusz Morawiecki held a press conference to calm the investors and shed some light on the reform program the party is working on. The politicians want to overhaul the…
MIT Technology Review published a list of top Polish innovators under the age of 35. The ranking includes 10 entrepreneurs with amazing, creative ideas that may change the world we live in. MIT Technology Review was founded in 1899. The tech magazine is published in three countries. Online service has 13 editions. It has two…
A big change awaits Polish teachers, pupils, and their parents. The Ministry of Education announced some bold plans with regard to the education system in Poland. The current system is to be overhauled. The last big education system reform took place in 1999. It introduced a three-tier organization model of primary schools, middle schools, and…
Although late polls suggested a win of the “remain” vote, the world woke on Friday to the news that the British had voted in favour of leaving the European Union. As Europe stands in shock, markets plummet down. This event is unprecedented, so it may be difficult to predict what consequences it will bring to…
Poles have not quite got used to the much talked about “500+” child benefit programme yet, as the government surprised everyone with yet another social initiative. The state is to get heavily involved in creating housing for the average Mr and Mrs Kowalski. The new scheme is called “Flat+”. Housing in Poland is expensive. According…
The government is going all out to find a way to narrow the yawning VAT gap. The Minister of Finance has revealed his resort is considering creation of Central Invoice Register that will give fiscal authorities a deep insight into what Polish companies are doing. The finance minister, Piotr Szałamacha, said in a press conference…
