What banking has to do with transportation services? Apparently, quite a lot. Polish Alior Bank and Silicon Valley’s car transport company Uber have recently forged an alliance. Alior Bank is household name in Poland, boasting a network of 800 branches and agents across the country and over 3 million clients. The company is active in…
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…
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…
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…
Paweł Szałamacha and Marek Gróbarczyk, Polish Minister of Finance and Minister of Maritime Economy and Inland Navigation, caught up everyone’s attention in a press conference that was held on Monday in Szczecin, in a shipyard cafeteria. The press event was called up in order to present a government remedy that is to bring back life…
Polish government is working on amendments to Corporate Income Tax Act, Personal Income Tax Act and Freedom of Business Activity Act that will bring the legal limit of cash transactions down. Presently, the threshold for transactions in cash between enterprises is 15,000 EUR, but this is soon to change. The new limit is planned to…
The Labour Code has recently undergone some changes. They mostly concern employees on fixed term contracts. The new provisions introduced to the labour law regulate the three types of agreements that articulate the legal relations between an employer and an employee: fixed term contracts, contracts for indefinite period and contracts for trial period. Ministry of…
