Daimer AG, a German automotive corporation best known as the owner of the Mercedes-Benz brand, chose Poland for the location of their new factory. The plant is to assemble two types of car engines. The plans of the Stuttgart-based company were much talked about in the previous couple of weeks. Other locations that the Germans…
Ryanair, the biggest European budget airline, announced bold plans for the months to come. The carries wants to build up their network and add new destinations at Modlin Airport. But that is not all. The company will soon start operating from Chopin Airport in Warsaw. Ryanair has been present in Poland since 2005 and is…
April is the last month for filing PIT tax returns. This means it is about time to do your taxes, at least if you are an employee. A vast number of Poles wait till the last moment to do that. For many years that meant spending considerable amount of time queuing in tax offices. A…
25 years ago, on 12 April 1991, a new era begun in Poland. It was the day when the Warsaw Stock Exchange officially opened. Commemoration events took place in Warsaw. Among the notables invited to celebrate the occasion was the President of Poland, Andrzej Duda. For this occasion, the stock exchange received a new market…
Supreme Audit Office (NIK) conducted a study of how Polish fiscal control authorities tackle tax fraud. The results? Ministry of Finance has a lot to work on. NIK took a look into the activities the Ministry of Finance and is subordinates took upon to counteract VAT fraud and tax avoidance and to retrieve the money…
A big change on the Polish banking scene is on its way. Alior Bank will acquire Bank BPH, but not in its entirety. The move will cost 1.532 million PLN. The agreement sealing the deal was signed last Thursday. Alior will take over core Bank BPH. What will not be taken over are the mortgage…
Professor Zyta Gilowska, former Minister of Finance, died this week at the age of 66. For a long time she was struggling with heart problems and that was what lead to her death. Professor Gilowska was a vibrant character on Polish political scene, but was also regarded as a very competent economist and renowned expert…
A new child benefit programme will be launched later this week. Polish parents are more than happy, but can the budget handle it? The 500 PLN per child was a key promise in the general election race won by Prawo and Sprawiedliwość [Law and Justice]. Now the ruling party are to show the public that…
CD Project, the most widely known Polish video game company, has been announced the Listed Company of the Year 2015. The award was presented for the 17th time. The prestigious event is organized by Puls Biznesu, a Polish daily business and economy newspaper owned by the Bonnier Group. Honorary patronage over the event is granted…
Polish government has plans to introduce a new legal structure for companies. The new type of business entity will be created with start-ups in mind. Construction of a special type of legal entity was included in the much talked about initiative of the Ministry of Development, The Plan for Responsible Development, known as “the Morawiecki…
