According to reports, the money provided to families as part of the “Family 500+” programme, launched by the Polish government on April 1, is quickly returning to the stock market. However, an increase in retail sales during the first half of 2016 has not been as significant as was expected. The problem lies with deteriorating market moods amongst entrepreneurs, fewer investments […]
According to data from the Central Statistical Office of Poland (GUS), the prices of goods and consumer services fell by 0.2% in December 2015 compared to November 2015. The rate of annual deflation was 0.5%. Deflation is a long-term decrease in the prices of goods and consumer services. In practice, it means that the prices of the products we […]
Exports from Poland will rise 5-6% in the near future. By 2030 exports will be double that of today. According to reports, Poland’s chief trade partners are currently Germany, Great Britain and France. However, markets in Turkey and China and other Asian countries, where exports from Poland are set to rise by 10% every year, are also potential game changers. The main products exported […]
“A change in tax thresholds will happen sooner or later, but it must be aligned to the needs of the economy,” according to the Minster of Finance Mateusz Szczurek. The head of the Ministry of Finance avoided any specific declarations of when a cut might be possible, but pointed out that “more will be known when the draft budget for […]
In 2014, Polish power plants produced less electricity than was consumed by domestic consumers. This was the first time since Poland’s political and economic transformation (in 1989) that the country was a net importer of electricity. The main reason was cheaper electricity from Poland’s neighbours, which has become a serious challenge for the country’s doctrine of ‘electricity independence’. Sweden, which […]
PKP Intercity is testing one of 20 Flirt trains on a special track in Żmigród. The new trains have been manufactured in partnership between the Swiss company Stadler and Polish Newag. Furthermore, the manufacturers have ensured the public that the whole production process was undertaken in Poland. The cost of 20 Flirt trains will be PLN 1.6 billion. […]
On 26 March 2015 discussion panels entitled “New export directions” and “Export chances for Polish companies” took place in Business Link Warszawa. The participants included Ryszard Sznajder, president of the Polish-Indian Chamber of Commerce; Michael Dembiński, chief advisor of the British-Polish Chamber of Commerce; Dariusz Karwowski, chief project manager of the Polish Information and Foreign Investment […]
Japan is currently the third largest Asian trade partner for Poland with turnover reaching approximately €3bn. “I encourage Japanese entrepreneurs to increase the realisation of projects in Poland,” said Jerzy Pietrewicz of the Polish Ministry of Economy, during the opening of the Polish-Japanese Economic Forum. The meeting took place on 27 February 2015 in Tokyo […]
“Poland and Turkey should improve cooperation in many fields,” said Grzegorz Schetyna, Poland’s Minister of Foreign Affairs during a visit to Ankara. Afterwards, he participated in a gala with business representatives. He later met with the President of Turkey Recep Erdogan. Grzegorz Schetyna reminded his audience about last year’s 600th anniversary celebrations of diplomatic relations between Poland and Turkey. “Poland and Turkey share […]
Poland’s Customs and Excise grossed nearly PLN 61.6 billion last year. Revenue from excise on cars increased by more than 16% and revenue from tax on fuel was 5.5% higher than the year before. New car sales have increased by 12%, and imports of second-hand cars have increased over 5%. PLN 4.2 million was gleaned from […]
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