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…
Forbes magazine has recently published the sixth instalment of its annual The Richest People in Poland list. The ranking lists a hundred most affluent people in the country. From real estate moguls to ice-cream manufacturers, the richest Polish entrepreneurs may boast assets in the amounts from ranging from 340 million PLN (77.7 million EUR) to…
According to the report released yesterday by the Central Statistical Office (Główny Urząd Statystyczny), the unemployment rate in Poland for January 2016 was 10.3%, which stands out as the lowest January rate in the recent 25 years. In January there were 5,703 thousand people employed in the business sector, which is 2.3% more than in…
Mateusz Morawiecki, Polish Minister of Development, announced a plan for Polish development for the years to come, the Plan for Responsible Development, already dubbed by the media “Morawiecki Plan”. The strategy just got the government’s approval. The plan is to gear up Polish economy to reach new levels and to build grounds for growth even…
