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…
The Ministry of Justice is working on a bill introducing heavy penalties for persons involved in VAT fraud. According to media reports, acting to the detriment of the State Treasury may be subject to a penalty of up to 5 years in prison. However, in return for cooperation with state authorities, i.e. returning stolen assets…
After Jarosław Kaczyński announced that the ruling Prawo i Sprawiedliwość [Law and Justice] has some far-reaching ideas regarding the existing pension system, the Deputy Prime Minister Mateusz Morawiecki held a press conference to calm the investors and shed some light on the reform program the party is working on. The politicians want to overhaul the…
Polish Prime Minister Beata Szydło surprised everyone at a press conference when she announce the government’s plans for increasing the minimum wage in Poland. Although a raise was expected, the new minimum wage amount came as a surprise. The government wants to set it at 2,000 PLN gross. Currently, the official minimum remuneration for a…
Mateusz Morawiecki, Poland’s Minister of Development, has a plan. Soon, Poland will join the green revolution. Polish economy is to get a boost from electric mobility, he says. Electric cars do not enjoy great popularity in Poland, but so far the government did not act in any way to jolt interest in this technology. The…
