News

National Court Register Fully Electronic

Three years from now, business owners will be able to contact the National Court Register on all matters over the Internet. This is the aim of the upcoming amendments to the act on the National Court Register prepared by the Ministry of Justice. The change, called “revolutionary” by ministry officials, is to mark the start of a new era in the relations between companies and register courts. Finally, paper documents are going to become a thing of the past. National Court Register (Read more

The Polish Economy is Booming

Central Statistical Office released the latest data reflecting the state of the Polish economy. Polish citizens have nothing to complain about. The country’s GDP growth rate in the third quarter of 2017 reached 4.9 percent. It is a substantial increase compared with the second quarter when the Polish economy was developing at the rate of 4 percent. Taking into consideration the entire 2017 so far, GDP grew by 4.4 percent. According to the prognosis included in the budget act for 2017, the gov Read more

Polish Companies on International Markets

The volume of sales of goods manufactured by Polish companies to foreign countries is continually growing. This is the third year in a row with a surplus of exports over imports. Most Polish enterprises enter the international market with typical commercial exchange. Some of them undertake more advanced forms of cooperation, such as subcontracting, cooperation within B+R or joint venture. To keep up wit Read more

New law will target late payers

The Ministry of Finance together with the Ministry of Development are working on new regulations that, in their view, will significantly improve the condition of numerous Polish enterprises. The recently prepared bill on “amendments to certain acts for the purpose of introducing facilitations for entrepreneurs in fiscal and commercial law” focuses on the issue of payment delays and companies that do not pay their dues on time.   Invoices that are settled way past their due date consti Read more

Ministry Wants Cashless Payments to Become Obligatory

Polish Ministry of Development want cashless payments to become prevalent. Even though a vast majority of Poles own one or more payment cards issued by their banks, government experts would like to see them use their cards more. Although in most stores and shops, especially big ones, accepting card payments is common practice, there are still places where paying for goods or services without cash in your wallet is impossible. Some of those are public institutions. Usually they do not accept cas Read more

President of Poland Awards Best Companies

Andrzej Duda, the current President of Poland, put the spotlight on the most interesting Polish enterprises as he presented them with the President of Poland’s Economic Awards during an official gala. The event was a highlight of the second edition of 590 Congress which took place in Jasionka near Rzeszów. The congress was an occasion for politicians and economic experts to debate on the future, opportunities, and challenges the Read more
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