201602.03
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Budget for 2016 on the way

by in Economy, Law, Tax

2016 budget act was passed through the Sejm (lower chamber of Polish Parliament) on Saturday. The state’s presentation of the planned revenue and spending closes with a deficit in the amount of 54.7 billion PLN. Polish MPs worked on over three hundred proposed amendments and eventually approved of the financial plan for 2016. The proposed…

201601.20
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Poland in shock after S&P’s downgrade

by in Economy

Polish media buzzes with emotion in the aftermath of Standard & Poor’s decision to lower Poland’s credit ranting announced on Friday. This is the first cut with respect to Poland’s ranking in 25 years. The downgrade came as a surprise. The rating with regards to long-term currency debt was changed from “A-“ to “BBB+”, with…

201601.13
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Low oil prices keep deflation up

by in Economy

December will be another month of falling prices in Poland, as deflation does not seem to be going away, as the recent CPI data indicate. They key reason for this is the current situation on the oil market, with crude oil prices staying on the low level. Cheap oil means low energy prices bringing down…

201601.06
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Unemployment going down in 1-3Q 2015

by in Economy

Główny Urząd Statystyczny (Central Statistical Office) has recently issued its publication on the condition of the Polish labour market, “Employment, wages, and salaries in national economy in I-III quarters of 2015”. The document presents the current numbers of the employed, juxtaposing the data with the information from 2014. The publication is prepared based on mandatory…

201507.02
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Biggest investment in the world in Poland?

by in Economy

UAE based company Emmar – whose owner Mohamed Allabar has visited Poland together with ruler of Dubai Muhammad ibn Raszid al-Maktuma has announced its plans for a biggest investment in the world in Poland. Many major Polish cities has submitted their offers. However the company has confirmed that capital city of Warsaw is no. 1…