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Buying Real Estate in Poland – What to Take into Consideration

Buying real estate in Poland is an important and long-awaited moment for various foreign citizens. However, it can often be overshadowed by the results of the transaction, or rather, by the mismatch of expectations and reality. The following list provides the essential factors one should take into account when buying real estate in Poland: Before choosing a specific offer, it is worth formulating your requirements for real estate in Poland: the preferred residential area or area of the city, th Read more

The GDP Growth in Poland After the Pandemic in Numbers

The global pandemic has had its economic effects worldwide and Poland is not an exception. Although it has had a major impact on GDP growth in Poland during this tough period, Poland has become one of the beneficiaries of the new nearshoring trend. As a result, Poland's economy will likely expand by 5 percent in the coming two or three years, according to the head of the Polish Development Fund. He states, that the country will return to its pre-pandemic economic activity in the third quarter. Read more

Bank Pekao Simplifying the Credit Process to Stimulate Credit Decisions

Bank Pekao is part of the PZU group - the largest financial group in Central and Eastern Europe. The bank has been present on the Warsaw Stock Exchange since 1998. The total assets of the bank amounted to PLN 203.32 billion at the end of 2019. Bank Pekao has simplified the credit process and shortened credit decision time by introducing the ability to share account history from another bank online Read more

Will ZUS Contributions Kill Polish Companies?

The life of an entrepreneur of Polish Companies in Polish can be tough. Especially when the authorities announce the official amounts of social insurance contributions. The 2020 numbers have just been released and, once again, the payments, which are made for every legally employed person, will go up. In fact, the government prepared the biggest hike in the contribution amounts in several years. For business owners or Polish companies in Poland, especially from the SME sector, this is bad news. Read more

Poland Faces an Ultimatum from the European Commission

Poland may lose as much as 8 billion euros for an anti-pollution initiative that is offered by the European Commission. There is a strong possibility that the funds will go up in a puff of smoke due to the fact that Polish authorities are not very cooperative and are not eager to follow the guidelines from the European Commission.

The Major Updates on the European Commission:

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