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New Regulations on Keeping Personnel Files

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All Polish employers are under obligation to create and store personnel files containing work-related information via new regulations on the employees. Such documents are essential for establishing the amount of pension or period of employment of a staff member. The files may be requested by the Social Insurance Institution (ZUS). That is why employers have to keep personnel records for fift Read more

V4 Wants Cross-Border High-Speed Trains

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Visegrád Group ministers met at Štrbské Pleso to discuss plans for creating a high-speed trains line connecting the four countries of the CEE region: Poland, Slovakia, Czech Republic and Hungary. The politicians signed a document expressing their wish to cooperate in this endeavor. It is a first step towards revolutionizing rail transport between the four states. The planned train route links four European capitals: Warsaw, Budapest, Bratislava and Prague. Government officials want it to bec Read more

Government Presents New Ideas for Small and Medium Enterprises

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Polish government adopted an SME package – informed Jadwiga Emilewicz, the Minister of Entrepreneurship and Development of small and medium enterprises. The package is to be an answer to the troubles of owners of small and medium-sized companies in the country. Mateusz Morawiecki’s cabinet vouched to make the lives of Polish entrepreneurs including small and medium enterprises easier, at least when Read more

FTSE Russel: Poland is a Developed Market

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Last Monday, Poland hit the headlines of the most renowned business periodicals, from Financial Times to Forbes. The reason is the decision of FTSE Russel, a leading index provider at the London Stock Exchange, to change the country’s market status, which came into effect. Poland was reclassified from Emerging Markets to Developed Markets. It has officially joined the big boys club. Poland’s biggest listed enterprises and the Warsaw Read more

BZ WBK is Now Santander

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The second week of September was significant for numerous account holders from BZ WBK (Bank Zachodni), one of the biggest commercial banks in Poland. The 8th and 9th day of the month was chosen as the starting point of one of the most challenging tasks a bank, or any big enterprise for that matter, may confront a rebranding operation. BZ WBK is no more. Welcome Santander Bank Polska. Bank Zachodni WBK has been a member of the Spanish Santander Group for 7 years, but up unt Read more

Electronic Invoices and Public Procurement Regulations

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The Ministry of Entrepreneurship and Technology announced the upcoming introduction of new legal provisions regarding the use of electronic invoices issued electronically. According to the draft of the act on electronic invoicing in public procurement, licenses for roadworks or services and public and private partnerships, e-invoices will be accepted by all institutions opening public procurement proceedings. The law will come into effect next year. For public procurement exceeding 30 thousand Read more
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