English
Macroeconomic and direct benefits from the policies implementation
How did Great Britain (GB) use the Cohesion Policy implemented in the Visegard Group (VG) countries? GB is one of the 15 countries, which get measurable benefits from the policies implementation in Poland, the Czech Rep, Slovakia and Hungary.
Ministry of Regional Development (MRD)
Which EU-15 countries benefit from the Cohesion Policy implemented in the Visegrad Group (V4) countries? A commission by Polish Ministry of Regional Development (MRD) conducted an analysis and the research shows, that benefits resulting from an increase in exports from the EU-15 countries to the V4 countries, significantly reduce the...
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Two TEN-T corridors to pass through Poland
EU’s revised TEN-T plan puts two corridors through Poland. Two transport corridors forming part of the Trans-European Transport Network (TEN-T) are to pass through Poland, the European Commission announced in October. Poland can expect to receive at least €4.3 billion as part of the EU’s new plans, which envisage nine...
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A remake of the anti-crisis law
The Polish government has recently (end of May) passed a resolution prosaically named: “An act on separate measures in order to mitigate the impact of the economic crisis for both employees and business owners aimed at the workplace protection”. The draft law is in fact a remake of the anti-crisis...
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More flexible working hours provisions
The Senate as the second chamber of the Polish Parliament has agreed to the amendments on the Labor Code adopted in early July by the Polish Parliament (Sejm). This opens the door for the introduction of more flexible working hour arrangements within the companies which stipulate an extension of the...
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The introduction of the EURO in Poland could be delayed by years
Following a newspaper report, the introduction of the EURO in Poland could be delayed by years. As per today there is no 2/3 majority in the Polish parliament for a required change of the Polish constitution (which defines the Polish currency Zloty as the only admissible Polish floating currency). This...
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National Bank of Poland (NBP): definitely the last interest rate cut
The Interest Rate Setting Council of the National Bank of Poland (NBP) has cut the prime rate by a further 25 basis points at the beginning of July. The reference prime rate herewith stays on the historical all-time low of 2,5%. While in the past the vague declarations of the...
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Unemployment at 13.2% in June
The registered unemployment rate in Poland dropped 13.2 percent in June, according to an estimate from the Ministry of Labor and Social Policy. In May, the jobless rate was 13.5 percent, according to statistics office GUS. Unemployment has been falling for seasonal reasons since it hit a recent peak in...
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Poland to extend SEZs’ lifespan
Deputy PM and Economy Minister Janusz Piechociński said that the government has decided to extend the lifespan of special economic zones (SEZs) until 2025. Polish SEZs were originally scheduled to function until 2020. Mr Piechociński said that ministries are now working on adopting changes to regulations on the activities of...
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Exchange rate (EUR/PLN) from 6 June 2013
Exchange table of National Bank USD: 3,26 Zloty EUR: 4,27 Zloty CHF: 3,46 Zloty (Information from: 6 June 2013) Government securities / Rate of return 2-Year: 2,93 % 5-Year: 3,31 % 10-Year: 3,73 % (Information from: 6 June 2013) Interest on credits Business loans: 9,77 % Consumer loans: 12,72 %...
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