Business News Poland

World Bank: Poland became a high-income country faster than any other state

In their Growing United: Upgrading Europe’s Convergence Machine report, World Bank experts Cristobal Ridao-Cano and Christian Bodewig reflect on how European Union had a huge impact on member states’ economic growth and Eastern European states transitioning their status from the category of low- to high-income. Poland has been set out as an example of a […]
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Polish bank’s mobile app ranked the best in the world

Retail Banking International, a global retail banking news service from the United Kingdom, took a loot at the best mobile applications from banks and the reviews they receive from their users. According to the web service’s findings, the best rated mobile application for bank account holders is the app from Polish bank PKO Bank Polski. […]
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No trade on Sundays

On the first day of March new regulation came into effect in Poland. The new law introduces a ban on trade on two Sundays a month. With certain exceptions enumerated in the act on a ban on Sunday trade, trading outlets, from small corner shops to big malls will be forced to close on the […]
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New tax obligation for Polish companies: JPK_VAT

January 2018 was the first month for which all Polish companies present in the VAT register had to meet a new fiscal obligation introduced by the Ministry of Finance. Enterprises in Poland that are registered for VAT have to submit the so-called JPK_VAT file which gives information on the sale and purchase transaction a given […]
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Amazon to build new processing centres in Poland

Amazon, the global leader of e-commerce owned by Jeff Bezos, has been present in our country for several years now. Not long ago, the American company opened an order processing centre in Kiełbaskowo. There is another such facility nearby the city of Wrocław. The e-commerce giant employs thousands of Polish employees. Soon, the figures are […]
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More incentives for investors in Poland

Polish Prime Minister Mateusz Morawiecki promises more incentives for those investing in Poland as special economic zones slowly become a thing of the past. The head of the Polish government now wants the entire country to become one big special economic zone.   Areas where unique investor-friendly regulation is in force, i.e. special economic zones, […]
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Upcoming pension system reform to affect all employers

This week, government officials shed some light on their plans to overhaul the existing pension system in Poland. Prime Minister Mateusz Morawiecki and his ministers had announced an intention to create an entirely new system of saving for retirement a few months ago, but this week they revealed some new details and assumptions that will […]
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Central Statistical Office publishes GDP growth figures for 4Q2017

Central Statistical Office has published preliminary data for the fourth quarter of 2017. The end of 2017 brought strong GDP growth figures. The national statistics institution estimates the economy was developing at that time at the rate exceeding 5 percent. This is very good news. According to the data collected and processed by Central Statistical […]
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Metallurgy, chemical and agricultural and food products at the forefront of Polish export

The Ministry of Development recorded a respective 17%, 13.5% and 13% increase in the aforementioned products in the months from January to November, compared with an analogous period of the previous year. A particularly impressive 10% rate of growth was recorded with respect to the sales of goods to EU countries. It reached almost 150 […]
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Energy warehouses already in Poland

Energy stocking technology is currently one of the priorities of global research and investment. In Poland, first spin-off companies preparing technology for stocking energy are created around schools of higher education and research institutions. In our country there are several commercial firms supplying ready-made solutions – they use expensive li-ion technology. Cheaper technology, based on […]
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