Bank Accounts Under Scrutiny of Tax Administration

Posted on January 01, 2018October 21, 2023 by admin

January 1^st is the day on which the so-called “STIR Act” comes into effect. The new regulation is to counteract tax administration and fraud and money laundering. Polish lawmakers prepared a series of amendments that will allow them to create a new system for exchanging and analyzing financial information between financial institutions and using the data to detect suspicious transactions and dishonest taxpayers. STIR, or Read more

Southeastern Poland Confidently Reaches for EU Funds

Posted on December 22, 2017October 21, 2023 by admin

Grant Thornton, one of the leading audit agencies, conducted research into EU funds that flow to Poland. In particular, they were interested in what regions and cities money is allocated and what it is used for. The recently published report with the results of the study indicates which regions of Poland are most effective when it comes to reaching for the support of European institutions directed at research and development (R+D). Auditors made a finding that may seem surprising. The leader of Read more

40 Billion PLN for Renewable Energy Suppliers

Posted on December 18, 2017October 21, 2023 by admin

In accordance with the regulations adopted by the EU, each Member State has to meet its renewable energy targets. In the case of Poland, the share of “green” energy in total energy consumed in the country in three years’ time is to rise up to 15%. Despite the deadline looming ahead, Poland is still far away from fulfilling the requirement. In order to increase the share of renewable energy sources in the energy market, the government has plans to back up “green” energy producers. Publ Read more

Polish Financial Institutions Warn Against Bitcoin

Posted on December 15, 2017October 23, 2023 by admin

While bitcoin prices skyrocketed on markets on financial institutions, the National Bank of Poland (NBP) together with the Financial Supervision Authority (KNF) issued a press release warning Polish people about the risks involved in investing in cryptocurrencies. The financial institutions clearly state that bitcoin, ether, litecoin and similar creations are not legal tenders and should not be regarded as currencies. Contrary to what some may believe, cryptocurrencies do not constitute digital Read more

Poland Attractive for Foreign Investors

Posted on December 13, 2017October 23, 2023 by admin

Mateusz Morawiecki, Deputy Prime Minister, and Minister of Finance, intensively seeks more foreign investors to promote the good image of the Polish market. He is particularly interested in new investors from abroad. He personally promotes business activity in Poland during meetings with directors of Commerce Chambers and gives interviews in foreign media, his visits in the USA and London revolve around this. Jakob Christensen, chief economist of Read more

Mateusz Morawiecki Is The New Prime Minister of Poland

Posted on December 11, 2017October 23, 2023 by admin

The President of Poland, Andrzej Duda, appointed a new government led by a new Prime Minister of Poland Mateusz Morawiecki. Former Deputy Prime Minister will now stand in charge of the government in place of Beata Szydło who resigned from the position last week. Surprisingly, all cabinet members stayed the same, while the former Prime Minister of Poland was offered and accepted the role of a Deputy Prime Minister responsible for social issues. Personal shifts in the government are expected in J Read more

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