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Poland Celebrates 15 Years in the EU

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The first of May marks Poland celebrates the fifteenth anniversary of Poland’s accession into the European Union. The last 15 years is a story of growth, economic development, as well as political, social and other changes. Today, most Poles are happy to be EU citizens and the gained benefits for the Polish economy and businesses are undeniable.

Why Poland Celebrates This Day:

First talks between Polish officials and the representatives of the European Economic Union began as early as Read more

More Investment into Rail in Poland

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Prime Minister Mateusz Mazowiecki has recently announced that the government prepared a list of rail in Poland and train lines of strategic importance to the country. The ruling party wants to make sure rail transportation is not neglected. On the contrary – the planned construction of Solidarity Transport Hub (knows also as Central Communication Port) is going to put trans in the spotlight after years of neglect. Heavy investment is expected in the sector in the upcoming years. Central Commu Read more

Open Pension Funds to be Disposed of

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The Polish government announced its plans for a new pension system reform and its intention to entirely do away with Open Pension Funds (OFE). This will be a definite end of the retirement system as we know it. Several years ago, after the reform of 1999, OFEs were supposed to be the main pillar of the pension system, where millions of Polish workers would deposit a part of their income waiting for old age to come. T Read more

First Electronic Money Licence in Poland

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Financial Supervision Authority (KNF), the body supervising the Polish financial market, granted first-ever licence for issuing electronic money in Poland. The licence was approved for Polish-British company called Billon Solutions. The entity has also been permitted to provide payment services using electronic money. This is a noteworthy moment in the history of Poland’s financial markets. In a press release, KNF stressed that the institution supports innovative Read more

Ministry Wants to Reduce Labour Costs

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Teresa Czerwińska, Poland’s Minister of Finance, announced new government plans aiming to bring labour costs down. This is to be done by an array of changes to Personal Income Tax regulations. The ones who will benefit the most are young Poles and people with low to moderate income. The changes will affect employees who are taxed on tax scale as well as entrepreneurs who operate as sole proprietorships and pay PIT tax instead of Read more

Energy Transition – a Challenge for Poland

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Europe needs to move away from fossil fuels and towards renewable energy sources. The energy transition is one of the biggest challenges that current and future governments face. The change will be particularly hard for those regions whose economies are based on coal. A recent report from the European Commission experts focuses on the future of EU’s coal regions. According to the researchers, Poland may loose over 40 thousand jobs by 2030 as a result of the energy transition shift. It will mo Read more
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