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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

Chances for cutting off Russian gas

Posted on March 29, 2017 by admin

In one of his recent statements, the Minister of Foreign Affairs Witold Waszczykowski announced that within the next five years Poland is able to bring about the situation when it becomes independent of Russian gas. He also criticised the construction of the Nord Stream 2 gas pipeline. Waszczykowski stated he has “limited trust in (…) the European institutions. In connection with this, we also take independent actions so as not to hinge solely on the dictate of Russian gas supplies� Read more

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