The European Union (EU) has extended economic sanctions on Russia for six months until January 31, 2022, according to a statement posted on the organization’s website. “The decision of the European Council was followed by an assessment of the state of implementation of the Minsk Agreement at the meeting of the European Council on June…
The statement on a two-pillar solution to address the tax challenges raised by the digitization of the economy was issued on July 1, 2021. The new rules was released by the Organisation for Economic Co-operation and Development (OECD). The Agreement renews important elements of the old international tax system, which is no longer adequate in…
Europe has spent many years reducing its dependence on Russian gas. However, with the expected cold next winter, it will need more fuel than usual. Natural gas supplies in Europe have been reduced to a 10-year minimum, and as Citigroup forecasts, it will reach the lowest level in five years. Filling gas pipelines is connected…
The population of Budapest, the capital city of Hungary, has been declining for five years. The number has significantly decreased by almost 13 000 and this can be partly explained by the pandemic. As a result, the demand in the real estate market has changed, as the urban population went to the countryside, searching for…
Leading economies united in the G7 summit have agreed to impose a Global Minimum Corporate Tax of at least 15%. This decision will have a significant impact on the multinational corporations decitions in the coming years to move their businesses to offshore zones or to countries where taxes are lower. The tendency of relocating the…
According to the European Commission, eight banks were previously excluded from syndicated debt sales backing the European Commission’s up to €800 billion (US$950.7 billion) Covid-19 recovery fund. On Friday the EU executive said that they will be allowed to take part in future issues. According to Dialogic, Many of the Banned banks are Europe’s go-to…
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…
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,…
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…
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…
