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Polish Bank Association Warns Against Destabilising the Bank Sector

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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

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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

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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

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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

Samsung Incubator Opens in Lublin

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A Samsung incubator for start-ups active in the area of cybersecurity – that is the latest initiative from Samsung, Korean electronics manufacturer and corporation known around the globe. Such place has just been opened in Lublin, one of the largest cities located east of the Vistula river in Poland. This Samsung incubator was opened in cooperation with Lublin University of Technology. Lublin Read more

Simple Joint Stock Company Legislation Under Way

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The government speeds up legislative work regarding the creation of Simple Joint Stock Company, a new form of business entity that is to be introduced into Polish company law. The new legal structure may become available in 2020. To make Simple Joint Stock Company a reality, the government needs to provide amendments to the Code of Commercial Companies which lists all business structures that Read more
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