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

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

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