National Fiscal Administration Tougher on Entrepreneurs

Posted on October 19, 2018October 19, 2023 by admin

The Polish Ministry of Finance and National Fiscal Administration are not particularly known for going easy on Polish business owners. More compliance obligations, tougher penalties and stricter stance on tax optimization – we have seen all these in the recent months and years. This government is eager to increase fiscal revenue and crunch down tax evasion and other fiscal crimes. Their ideas on finding ways to tighten fiscal law seem to never end. “Gazeta Prawna” Read more

Standard & Poor’s upgrades Poland’s rating

Posted on October 15, 2018October 19, 2023 by admin

Rating agency Standard & Poor’s upgraded their credit ranking of Poland from BBB+ to A- (long-term foreign currency rating) and A/A-1 (long- and short-term local currency rating) with a stable outlook. The agency noted the country’s strong GDP growth and budgetary outcomes. The upgrade came earlier than expected and took many economy experts by (a pleasant) surprise. As the agency’s report’s authors remarked, “The upgrade reflects solid achievements in the form of economic growth a Read more

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

Posted on October 12, 2018October 19, 2023 by admin

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

Posted on October 08, 2018October 19, 2023 by admin

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

Posted on October 05, 2018October 20, 2023 by admin

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

Posted on October 01, 2018October 20, 2023 by admin

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

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