No changes to Polish tax system in 2017

Posted on December 28, 2016 by admin

Polish Prime Minister has just informed about stopping the process of modifying Polish fiscal system, strongly ensuring that in 2017 it will keep functioning unchanged. In practice, the statement is a very important signal, especially in view of the recently appearing numerous not entirely clear for the public, information about an upcoming revolution. Prime Minister Beata Szydło decided to convey a clear message right after Deputy Prime Minister Mateusz Morawiecki announced the decisi Read more

Bank accounts in Poland gathered in a database

Posted on December 26, 2016 by admin

The Ministry of Finance announced it is working on Central Account Database that is to gather information on all bank account holders in the country. The intention is to enable easy access to financial information for various public institutions. The move will help fighting white collar crime and target criminals. The new regulations will apply not only to banks, but other financial institutions as well. On the list of entities subject to the upcoming bill will be savings and credit uni Read more

Big acquisition on the Polish bank market

Posted on December 25, 2016 by admin

Polish banking sector has seen some big changes this year. Not long ago, BNP Paribas finished its merger with BGŻ. Alior made a deal with Bank BPH and took over a large part of its assets. But the biggest event of all in terms of mergers and acquisitions in Poland in 2016 will be the purchase of Bank Pekao shares by the state-owned PZU. Bank Pekao is one of the biggest financial institutions in Poland and a strong brand recognizable by a vast majority Poles. It has assets in the amount Read more

No revolution in taxation in Poland?

Posted on December 24, 2016 by admin

Surprising news came this week from the Polish government. The Economic Committee of the Council of Ministers announced it will no longer continue work on the conception of a single, unified tax. The Chair of the Committee, Deputy Prime Minister Morawiecki stated that the solution will not be implemented into the Polish taxation system. The “unified tax” was to simplify the tremendously abundant tax regulations in Poland. The idea was to replace several fiscal obligations paid by Po Read more

Corporate Social Responsibility (CSR) is no longer a fad

Posted on December 23, 2016 by admin

Socially responsible business is not an addition to business, but a form of doing business. CSR has to be authentic and cannot be just a marketing fad. Among companies it is believed that CSR is not important to consumers. As much as 71 percent of them is of the opinion that consumers choosing products or services do not take into account whether or not an enterprise is socially responsible, and 63 percent are convinced that consumers do not even know what CSR is – research carried ou Read more

Investment in Poland gaining pace?

Posted on December 22, 2016 by admin

Central Statistical Office published first data on investment in November 2016. The numbers came as a bit of a surprise to many economic experts. Deputy Prime Minister Mateusz Morawiecki, the person in charge of both the Ministry of Finance and the Ministry of Development expressed a belief that first half of 2017 will show an increase in investment in Poland. The minister is certain a boost in investments will appear no later than in the third quarter of the upcoming year. Inv Read more

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