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Polish tax system ranked 31st in the International Tax Competitiveness Index
Poland’s tax system has ranked 31st in the latest International Tax Competitiveness Index (ITCI), compiled by the American organization Tax Foundation. What contributed to this position, what are the details of the ranking methodology, and what do the results say about Poland’s tax system? What is the International Tax Competitiveness...
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National Bank of Poland interest rates in December 2024
On December 3-4, 2024, the Monetary Policy Council held a meeting during which it decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at 5.25% on an...
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Record low number of unemployed in October 2024
In October 2024, Poland recorded the lowest number of registered unemployed individuals since statistics began in 1990. The number of people without work was 767.100, down 2,500 compared to September 2024 and 3,300 from the same period last year. Such low unemployment indicates the stability of the labor market, despite...
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National Bank of Poland interest rates in November 2024
On November 5-6, 2024, the Monetary Policy Council held a meeting during which it decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at 5.25% on an...
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National Bank of Poland interest rates in October 2024
On October 1-2, 2024, the Monetary Policy Council held a meeting during which it decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at 5.25% on an...
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Poland surpasses China as a key market for German exports
In the first half of 2024, Poland became the fourth-largest market for German products, outdistancing China, marking a significant success in the context of diversifying the German economy. German exports to Poland increased by 4.6%, reaching a value of €48.4 billion, while exports to China decreased by 2.7% to €48.2...
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National Bank of Poland interest rates in September 2024
On September 3-4, 2024, the Monetary Policy Council held a meeting during which it decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at 5.25% on an...
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Revival of the Polish economy: GDP in Q2 2024
In the second quarter of 2024, the Polish economy experienced significant acceleration. According to preliminary data from the Central Statistical Office (GUS), Gross Domestic Product (GDP) grew by 3.2% compared to the same period last year, surpassing analysts’ forecasts of 2.7-2.8%. This is notable as growth in the first quarter...
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National Bank of Poland interest rates in July 2024
On July 2-3, 2024, the Monetary Policy Council held a meeting during which it decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis, lombard rate at 6.25% on an annual basis, deposit rate at 5.25% on an...
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National Bank of Poland interest rates in June 2024
On June 4-5, 2024, the Monetary Policy Council held a meeting during which it decided to keep the interest rates unchanged. Current National Bank of Poland interest rates: reference rate at 5.75% on an annual basis lombard rate at 6.25% on an annual basis deposit rate at 5.25% on an...
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