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Industrial production according to the GUS
Industrial production increased by 6.8 per cent year-on-year in October. However, it decreased by 0.7 per cent month-on-month, the Central Statistical Office (GUS) announced. Growth was registered in 25 of 34 industry groups. The automotive sector again took the top spot with 41.7 per cent. As in the previous month,...
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Surprisingly high growth of industrial production
Surprisingly positive and clearly above analysts’ expectations were the industrial production data in September. According to the Central Statistical Office (GUS), the value of sold industrial production was 9.8 per cent higher than in the same period last year. Compared to the current month, the growth rate was only slightly lower....
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EU funds for 2021-2027
EUR 76 bln from EU funds for Poland in 2021-2027 In the years 2021-2027, Poland will receive EUR 76 bln from the European Union budget – EUR 72.2 bln from cohesion policy and EUR 3.8 bln from the Equitable Transition Fund. These funds will be used for investments in the...
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Foreign trade turnover of goods in total and by countries in January-July 2021
In January-July 2021, exports in Poland increased by 26.0% and imports by 27.8% compared to the same period in 2020. According to the Polish CSO, “foreign trade goods turnover amounted to PLN 726.9 billion in exports and PLN 712.7 billion in imports in current prices. The positive balance was at...
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Average salary growth within 24 months
In August, the average gross salary in Poland calculated by the Central Statistical Office was 5840 PLN (about 1300 euro). However, this data is based only on information from companies with more than 10 employees. It is also only an average value and not – as it usually happens in...
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getsix® | German-Polish Chamber of Commerce (AHK Poland) has published a German-language ‘Economic Profile Poland’
The German-Polish Chamber of Industry and Commerce (AHK Poland) has for the first time published a German-language ‘Economic Profile Poland’, which provides answers from A to Z. Over 36 pages it is very descriptive and provides the most important numbers, facts and background information regarding the Polish market. The ‘Economic...
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Poland Focus 2019 | Poland Tries to Lure Private Equity
Poland Tries to Lure Private Equity The Polish government is trying to stimulate private investment in the countries small to medium companies (SME’s) by putting up 2.8 billion złoty (approx. $737 million) of public money. The Polish Development Fund along with private-equity and venture-capital firms plans to invest 2.2 billion...
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Tax Information | Poland – 10 facts
A brief summary of the most important information for any business or individuals who plan to invest in Poland. Corporate Income Tax (CIT) CIT is levied at a rate of 19% (standard rate) or 15% (reduced rate for small taxpayers and new companies in the first year of business activity)....
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Employee’s Capital Plans – Additional Pension Schemes
From 2019, some companies will be required to create ‘Employee Capital Plans’ for their employees, as part of additional pension schemes. This obligation will be phased in, with companies with more than 250 employees affected. The minimum contribution paid by an employer and also the employee should be 3.5%. Employees...
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Poland’s status upgraded to Developed Market by FTSE Russell
It was recently announced that FTSE Russell has upgraded Poland from ‘Emerging Market’ to ‘Developed Market’ status. This acknowledgement represents the progress made by the Polish economy and capital markets, and that the country has joined the 25 most developed economies of the world. The decision will be effective in...
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