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…
Central Statistical Office released a report called “Poland in Figures” presenting the most up-to-date data on the Polish economy. The document presents information on several socio-economic areas, such as the labour market, prices, environment, culture or finances. The document gives an insight into the lives of Mr Kowalski, at least from the statistical point of…
Are we going to have a major fiscal system overhaul in two years in Poland? It is pretty likely, as state officials reveal some ground-shifting plans with respect to Personal Income Tax and other state levies. Henryk Kowalczyk, Chairperson of the Standing Committee of the Council of Ministers, in a press conference shared the ideas…
The European Commission has just published its country-specific recommendations indicating the macroeconomic areas on which the Member States need to focus on. The guidance is part of the European Semester economic policy coordination programme. The aim of country-specific recommendations (CSRs) is to highlight the areas that each country needs to improve in order to boost…
25 years ago, on 12 April 1991, a new era begun in Poland. It was the day when the Warsaw Stock Exchange officially opened. Commemoration events took place in Warsaw. Among the notables invited to celebrate the occasion was the President of Poland, Andrzej Duda. For this occasion, the stock exchange received a new market…
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…
