Business News Poland

News

Polish Government Getting Ready for Brexit

Posted on by admin
Although some years ago many still thought Brexit would never become a reality, British good-byes to the European Union are approaching fast. The Brits are going to leave the EU at the end of March 2019, but few things are known for certain. It is slowly becoming apparent that we need to prepare for a hard Brexit. Polish government convened a special meeting in which the ministers discussed post-Brexit world and the challenges that Polish businesses and economy will face after March 30thRead more

Ministry Presents Capital Market Development Strategy

Posted on by admin
What are the main difficulties hindering the development of capital market in Poland? How to overcome these obstacles and make investors’ lives easier and market activity more robust? These are the questions that lawmakers asked when creating Capital Market Development Strategy. The document, the draft of which has been recently presented by the Minister of Finance Teresa Czerwińska, is to help shape the future of capital markets in Poland. The Strategy is based on four pillars: building tru Read more

Polish Bank Association Warns Against Destabilising the Bank Sector

Posted on by admin
Polish Bank Association issued an open letter in which the members warn against the President’s bill which aim is to help Polish mortgagors. Bankers say that if the bill is passed, the move may have dire consequences to the entire banking sector in Poland. The bill in question concerns thousands of mortgage payers who hold CHF-denominated loans and experience negative effects of Swiss franc price fluctuations. The provisions were prepared by experts from the President’s Office and offer ass Read more

New Polish ID Cards to be Introduced in March

Posted on by admin
We are officially less than two weeks away from the introduction of a new Polish ID card. The new document that will serve as a proof of one’s identity is going to be issued from the fourth day of March. It will be presented to all people who submit identity card applications after that date. The preparations are at the final stages and the Ministry of Digital Affairs and the Ministry of the Interior who prepared the project say they are ready for the launch.

The Updates on the New Polish Read more

EU Wants to Create European Labour Agency

Posted on by admin
European Labour Agency – this is the name of a new body that EU institutions agreed to form. The decision to create the new authority, which will deal with common labour market issues, was announced by the President of the European Commission Jean-Claude Juncker in 2017. Today, the Commission, the Parliament and the Council reached a provisional agreement on the matter. There are over 513 million people living in the European Union member states and all of them have the right to move feely wi Read more

Fiscal authorities will do the taxes for you

Posted on by admin
A revolution is coming. According to the Minister of Finance Teresa Czerwińska, we are about to witness the biggest change to the system of tax settlements in Poland after 1991. It is Your E-PIT, a system of electronic personal income tax settlement that will take the burden of filling out annual tax returns off most taxpayers. This year, the service will be available to those submitting PIT-38 and PIT-37 tax returns but there are plans to extend it.   Unlike the previous year, in 2019 t Read more
Read more