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Upcoming Pension System Reform to Affect All Employers

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This week, government officials shed some light on their plans to overhaul the existing pension system in Poland. Prime Minister Mateusz Morawiecki and his ministers had announced an intention to create an entirely new system of saving for retirement a few months ago, but this week they revealed some new details and assumptions that will be taken into consideration when constructing the new system. The new Read more

Central Statistical Office Publishes GDP Growth Figures For 4Q2017

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Central Statistical Office has published preliminary data for the fourth quarter of 2017. The end of 2017 brought strong GDP growth figures. The national statistics institution estimates the economy was developing at that time at a rate exceeding 5 percent. This is very good news. According to the data collected and processed by the Central Statistical Office, the Polish economy has been at its strongest since 2008, the years when a global economic slowdown started. The 5.1% growth dynamic did n Read more

Metallurgy, chemical and agricultural and food products at the forefront of Polish export

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The Ministry of Development recorded a respective 17%, 13.5% and 13% increase in the aforementioned products in the months from January to November, compared with an analogous period of the previous year. A particularly impressive 10% rate of growth was recorded with respect to the sales of goods to EU countries. It reached almost 150 billion euro.   Export to Italy, France, Germany, Spain and Hungary increased from 14 to 10%.   Sales to developed countries outside the EU increased Read more

Energy warehouses already in Poland

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Energy stocking technology is currently one of the priorities of global research and investment. In Poland, first spin-off companies preparing technology for stocking energy are created around schools of higher education and research institutions. In our country there are several commercial firms supplying ready-made solutions – they use expensive li-ion technology. Cheaper technology, based on flow batteries is only at the R&D stage. An important component of the system are laboratories Read more

Polish President and Prime Minister visit Davos

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Once again, the Swiss town of Davos became a meeting point for world leaders, esteemed economic experts, and all those interested in how the economy shapes the modern world and how global events affect the economic environment. The World Economic Forum foundation has been organising those annual meetings since the early 1970s. Today, the event hosts over 2,500 participants from all over the world. Thee 2018 Davos summit, taking place from 23 to 26 January, is held under the theme “Creating a S Read more

Mateusz Morawiecki Government Reshuffle

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The long-anticipated reshuffle of the government of Mateusz Morawiecki has finally taken place. On Tuesday, the President of Poland, Andrzej Duda, upon the request of the Prime Minister, officially appointed the new heads of several government ministries. The names of the new ministers were kept confidential until the very last moment. The reshuffle is quite substantial. The Ministers of Health, Defence, Foreign Affairs, Digitisation and Environment were among those who had to leave their positi Read more
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