Business News Poland

News

Poland – Israel cooperation

Posted on by admin
Tomasz Domogała, who manages TDJ holding founded by his father, made an agreement with Pitango (one of the biggest venture capital funds in Israel) and National Centre for Research and Development. The cooperation will lead to the creation of TDJ Pitango Ventures fund with the base in the form Israeli know-how, 210 million PLN in the pocket and focused on the Polish start-up market.   The Management Board of TDJ Pitango Ventures is to be made of two people – Daniel Star with knowledge Read more

Tax Freedom Day 2017 earlier than even before

Posted on by admin
Tax Freedom Day 2017 is already behind us. Adam Smith Centre, a Polish think-tank focused on researching free economy, announced that 9th of June was the day on which Polish people, according to the newest statistical data, paid all their taxes and started earning income that goes directly into their pockets. In 2016, Tax Freedom Day in Poland was 15 June. This means Polish people’s tax burden has slightly decreased in the recent 12 months.   To estimate Tax Freedom Day, expe Read more

Visa-Free Travel For Ukrainians Coming to Poland

Posted on by admin
Ukrainians are now officially permitted to have Visa-Free travel and enter the territory of the European Union without presenting a visa. This is possible due to new EU regulations that have just entered into effect. This is a big change for the citizens of Poland’s eastern neighbor. Provided they fulfill certain conditions, they are now free to come to Poland (and other EU member states) without applying for a visa, paying for the document and waiting for it. To be allowed no-visa entry, fir Read more

PZU forging ahead

Posted on by admin
The insurance giant closed the first quarter in good style. Investors could see record premium (5.8 billion PLN) and – in comparison with the previous year – doubled net profit. However, it was not the results that made competitors shake their heads in disbelief – the reason for which PZU is topping other insurance companies is the combined ratio, which measures profitability of particular business lines. For third party insurance policies sold by PZU, at the end of March it increased by l Read more

What Will Be The Result Of The New Energy Law’s Coming Into Effect?

Posted on by admin
From October, new regulations concerning obligatory stocks of gas are to come into effect. According to them, each business performing foreign trade in natural gas will have to store the stocks in the country, use ticketing service (currently in our country it is offered by PGNiG) or use warehouses outside of the country (in EFTA or EU countries). According to the bill’s statement of reasons, the goal of the proposed change is elimination of regulatory loopholes that lead to “leakage” of t Read more

2018 GDP growth will be 3.8%, says the government

Posted on by admin
As the first half of 2017 is slowly drawing to an end, it is time to start making some plans with respect to 2018. Work on next year’s budget act has already started. The Government Information Centre announced that Polish government has approved of the budget assumptions that will constitute the foundation for constructing the most important piece of legislation for public finances in the country.   The Ministry of Finance predicts that Polish economy in the twelve months of 2018 will Read more
Read more