2016: Poland is one of the biggest EU economies

Posted on April 21, 2017 by admin

Eurostat, EU’s statistical body, revealed GDP figures for 2016. Among the biggest contributors to the European Community’s economy is Poland. The country took the 8^th spot on the list, alongside such states as Sweden (7^th) and Belgium (9^th). The biggest EU economy is Germany, while the ranking is closed by Malta. Last year, Polish economy generated 2.9 percent of the total GDP in the European Union. In comparison, Germany, the country with the most r Read more

Deliveries under the watchful eye of fiscal authorities

Posted on April 19, 2017 by admin

The Ministry of Finance launched yet another weapon targeted at companies involved in tax schemes. Movements of certain goods, such as denatured alcohol, liquid fuel and dried tobacco, will be subject to mandatory registration and tracking. All such deliveries are to be reported online. The new online tracking system will allow tax authorities to efficiently and effortlessly monitor and verify whether a given shipment is carried out lawfully. The government is expecting the new regulati Read more

Isover invests 30 million in a new production line

Posted on April 18, 2017 by admin

Isover, one of the leaders in the insulation solution industry, launched a new production line. The cost of the investment has been estimated at 30 million PLN. As Isover’s marketing director Benedykt Korduła states, own production line will make it possible to improve the quality of the service and accessibility of the products and to match the offer and the current needs in the energy sector. Innovative solutions from Gliwice are to be used in numerous industry facilities in such i Read more

EC delays Nord Stream 2

Posted on April 14, 2017 by admin

According to analysis of experts from the Centre for Eastern Studies (OSW), European Commission tries to delay realisation of Nord Stream 2. The goal behind the intentional – as OSW claims – activity of EC is buying some time and putting the project off beyond 2019 when a transit agreement between Ukrainian Naftohaz and Russian Gazprom expires. Nord Stream 2 is to be completed by 2019 and have annual transmission capacity of 55 billion m3 of the raw material. According to experts, the Commis Read more

UK – China train passes through Poland

Posted on April 12, 2017 by admin

10 April 2017 will be remembered as the day the first freight train departed United Kingdom to head to China. The newly-created train connection, part of the New Silk Road, is to strengthen the trade links between the East and the West. Poland plays an important role and is a member of the trade link as well. The Chinese train, whose journey started at the rail station in Stanford-Le-Hope, Essex county (situated less than 40 kilometres from London), will reach its destination, the Chine Read more

Tax authorities vigorously execute new VAT laws

Posted on April 10, 2017 by admin

Just three months have passed since the Polish government introduced tougher regulations on VAT registration of business entities, and tax authorities have already cancelled VAT numbers of over 30 thousand companies, as statistical data for the first quarter of 2016 show. The new law, which came into force on 1 January, gives fiscal authorities much greater power with regard to removing entities from the register of VAT taxpayers than before. Being removed from the register and losing o Read more

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