Business News Poland

International Monetary Fund says Polish economy will remain strong in 2018

International Monetary Fund experts in their annual report on the economic situation and outlook for the Republic of Poland declare that the economy of the country is “operating above potential” and remain positive about its GDP growth in the near future. They also note that the official unemployment rate is record low and the economy […]
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Samsung opened Warsaw Innovation Centre

Two weeks ago, a new innovation centre was opened in Warsaw, Samsung Mobile B2B Innovation Centre. What is interesting, this is the first Samsung innovation centre in Europe of this kind. It was created to enable entrepreneurs to get acquainted with the latest solutions from Samsung. Also, the centre is to be a place of […]
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NYT: Poland is likely to be the next rich nation

Last week’s visit of the President of the United States Donald Trump and his wife Melania has put Poland in the spotlight and drawn international journalists’ attention to the country by the Vistula river. An important subject matter during the visit, during which the President of the US was accompanied by a delegation including Secretary […]
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Oknoplanst is looking for markets outside the Old Continent

Due to an inflow of cheap products from Romania, China or Bulgaria, window manufacturers have to search for counterparties on other markets. Oknoplast, who has established its position on the European market, is looking for possibilities for development in the Middle Eastern and American markets.   As the president of Oknoplast group Mikołaj Placek claims, […]
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Donald Trump visits Warsaw

The 45th President of the United States, Donald Trump, arrived at the Warsaw Airport last Wednesday together with his wife Melania. The American couple were accompanied by a delegation of 20+ people, including their daughter Ivanka and son-in-law Jared Kirchner as well as American Secretaries of the Treasury and Commerce. The President decided to visit […]
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Changes to regulations on short-term employment of foreigners

On Thursday, amendments to the act on promoting employment and labour market institutions were adopted. 25 MPs were in favour of the act, which projects, among other things, introduction of a fee for registering employer declarations on the need to employ foreigners (30 PLN). The goal of introducing the fee is reducing abuses of law […]
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Internet piracy costs Polish economy as much as 3 billion PLN a year

Every other Polish internet user aged 15-75 uses illegal online sources. According to an analysis of Deloitte, the total losses Polish economy incurs due to online piracy last year were over 3 billion PLN, while State Treasury losses were estimated at approximately 836 million PLN.   Despite growing accessibility of legal online content, internet users […]
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Computer virus shakes up European enterprises

A massive hacker attack disrupted Europe, threating entrepreneurs all across the continent and causing trouble for many businesses. A ransomware Petya virus spread through IT networks like wildfire, freezing computers and demanding a 300-bitcoin payment from those wishing to regain access to their files. The attack started in Ukraine and that was the country where […]
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Changes at Warsaw Stock Exchange

Warsaw Stock Exchange has recently got a new management board and supervisory board. During corridor talks people discussed who will be the president of the state company. Jarosław Grzywiński, a lawyer delegated by the supervisory board to temporarily manage the company, expressed hopes to keep the position. A moment later Marek Dietl, a doctor of […]
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Companies will have to disclose information on their income

The government plans to introduce new regulations imposing additional reporting obligation on Polish companies. The upcoming amendments are connected with the provisions of corporate income tax and most probably will affect, at least initially, the biggest Polish companies (in terms of accrued revenue) as well as capital groups. Officials point to the examples of Denmark […]
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