Mastercard: Poles love contactless payments

Posted on April 09, 2017 by admin

“MASTERINDEX 2017: Pan-European e-commerce and new payment trends” report, prepared by global financial services corporation Mastercard, has just been revealed to the public. The document highlights the findings of European research into consumer behaviour regarding online shopping and the use of payment cards. According to the findings, Poland dominates in the area of contactless technology. The Masterindex report for 2017 covers 23 countries from Europe and their inhabitants who h Read more

PKO Bank Polski opens a Czech branch

Posted on April 07, 2017 by admin

Watch out, Prague. The biggest Polish bank, PKO Bank Polski, decided to open a branch in the capital of the Czech Republic. The entity, named simply “PKO Bank Polski, Czech Branch”, was founded with corporate clients in mind. The new foreign branch of PKO Bank Polski will provide services mainly for Czech companies doing business with Polish entities and enterprises from Poland operating on the Czech market. It should be noted that in 2016, Polish exports to the Czech Republic reach Read more

Remuneration of a Management Board member

Posted on April 05, 2017 by admin

One of the important matters concerning remuneration for a member of a Management Board is verification whether it is necessary to pay social insurance contributions on such remuneration. On default, obligatory social insurance payments apply to a person who has certain title to insurance indicated by the lawmaker. The catalogue of entities subject to the act on social insurance system is closed, it encompasses e.g. the persons employed based on an employment contract or civil law agreements. & Read more

PGNiG Upstream Norway acquires shares in Storklakken

Posted on April 03, 2017October 27, 2023 by admin

Acquiring assets on the Norwegian market is a natural investment route for the PGNiG Group. Former PGNiG Upstream International, i.e. PGNiG Upstream Norway, a subsidiary of PGNiG SA, acquired shares in the recently discovered Storklakken oil field. The transaction is to allow for an increase in the extraction of hydrocarbons outside Poland. Piotr Woźniak, the President of PGNiG SA’s Management Board, stresses that he is happy to broaden cooperation with Aker BP, from whom PGNiG Upstream Nowa Read more

Lower ZUS contributions from 2018

Posted on April 02, 2017 by admin

In a recent press conference from the Ministry of Finance, Deputy Prime Minister Mateusz Morawiecki shed some light on government plans regarding changes to legal provisions regarding companies. More specifically, the new government ideas connected with the mandatory social insurance contributions that Polish companies have to pay. The officials want to free small enterprises from some of the taxation burden. The government recognize the need to change the rules of the game for the entr Read more

V4 meet at Central Eastern Europe Innovators Summit

Posted on March 31, 2017 by admin

Last Tuesday, Central Eastern Europe Innovators Summit took place in Warsaw. Among the guests that participated in the event were leaders of the Visegrád Group (V4 group): Poland, Czech Republic, Slovakia and Hungary. Prime ministers of the four countries: Beata Szydło, Bohuslav Sobotka, Robert Fico, and Viktor Orban, came to Warsaw to give boost to the cooperation between the four CEE nations and stress the importance of joint development and investment in innovative projects in the region. Read more

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