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IMF: Poland’s GDP Growth at 0.6% in 2023

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International Monetary Fund has recently published its annual World Economic Outlook. The report showcases Poland's GDP's current economic situation in the world and as well as the forecasted developments. The organization predicts that in the upcoming years, Poland’s economy will face a slowdown. International Monetary Fund experts think that the Polish economy in 2018 will expand at the rate of 4.4 percent, which is the highest result among Emerging and Developing European states (the group Read more

Government Bodies Will Not Help Crypto Companies

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Polish Bitcoin Association issued a letter to the Office of Competition and Consumer Protection requesting their assistance of crypto companies with dealing with Polish banks. In several commercial banks in our country, it is extremely difficult to open and maintain an account if you are a crypto company's currency-related business (for example you run a trading platform). Even if a bank decides to open such an account, soon enough it is closed. Needless to say, such a policy makes it very diff Read more

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
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