When the Prime Minister Beata Szydło had announced some government reshuffling, this is not quite what everyone expected. Minister of Finance Paweł Szaramacha filed a resignation. In his place, Prime Minister Szydło appointed Deputy Prime Minister Mateusz Morawiecki, currently the head of the Ministry of Development. The situation in which one person is in charge…
Polish State Treasury will issue two new types of government bonds. The new offer was prepared for the beneficiaries of the 500+ child benefit programme. The Family Treasury Bonds will be available from October. The nominal price of one bond will be 100 PLN, just like the one of regular treasury bonds. The new financial…
A draft bill introducing a ban on trade on Sundays was submitted to the Sejm, the lower chamber of Polish parliament, on Friday. The initiative is strongly supported by labour unions and the Catholic Church. In Poland stores stay closed on several bank holidays. These include the Independence Day, two days of Christmas, Labour Day,…
Polish authorities find it hard to limit the spread of African Swine Fever virus. From the beginning of the year, there have been as much as 18 outbreaks of the disease reported in three regions of the country. The number of affected pig herds is on the increase. African Swine Fever, or ASF, is a…
The government presented its draft budget bill for 2017. This will be the first budget prepared entirely by Prawo i Sprawiedliwość party. The state budget for 2016 was drafted by their predecessors, Platforma Obywatelska. National debt is planned at 59.3 billion PLN, which means the budget deficit will reach 2.9 % of GDP. As it…
African Swine Fever, or ASF, is a deadly disease attacking swine and boars. Although it does not pass on to humans and is not dangerous to us, it does considerable damage to swine herds and farming industry. The disease is highly contagious. The disease originates from Africa, and was reported in Eastern Europe, namely in…
Can the work of bees be put into numbers? Apparently, yes. Greenpeace Poland has recently published a report on the impact bees and other pollinators have on Polish agriculture and economy. The matter is more serious than it appears at first glance. Although we tend to associate them primarily with making honey, bees have immense…
The much anticipated by the government (less so by store owners) retail tax bill has finally reached the end of its legislative path. Last week, the final step was taken by the President of Poland Andrzej Duda who placed his signature on the act introducing the new levy. The lawmakers were working on the so-called…
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…
