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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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Automatic exchange of tax information with other countries
Poland has become the first country in the region of the G5 to join an automatic exchange of tax information with other countries” – openly said the Polish Finance Minister Jacek Rostowski during the meeting with his European counterparts, which took place in Brussels in the second half of May...
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Paid maternity leave extended to one year
The Polish government has concluded an extension of the maternity leave to one year. Mothers and Fathers of children, who have been born starting from this year or who will be born, can make use of one year paid holidays, provided that both parents are working. In the first six...
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Poland will introduce regulations on tax evasion
The Polish state intends to prevent in the future, that companies with registered headquarter in Poland are going to transfer their profits towards special purpose vehicles incorporated in countries, where lower tax rates apply than those in place in Poland. The ministry of finance has for that purpose already prepared...
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Man hour in Poland costs EUR 7,20
According to the latest statistic of the European statistic agency Eurostat Poland remains with respect to cost of labor at the lower level of the states of the European Union. At the end of 2012 one man hour costs employers in Poland EUR 7,20. Only Bulgaria and Romania plus the...
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The National Bank of Poland reduced the base rate by 0,25% points to 3%
The monetary council of the National Bank of Poland reduced the base rate by 0,25% points to 3%. Such a low level hitherto never happened. Economists and Analysts showed their big surprise on this base rate decision, insofar as the President of the National Bank of Poland, Mr. Marek Belka,...
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Exchange rate (EUR/PLN) from 8 May 2013
Exchange table of National Bank USD: 3,14 Zloty EUR: 4,13 Zloty CHF: 3,36 Zloty (Information from: 8 May 2013) Government securities / Rate of return 2-Year: 2,75 % 5-Year: 2,55 % 10-Year: 3,52 % (Information from: 8 May 2013) Interest on credits Business loans: 8,57 % Consumer loans: 16,53 %...
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From Nov. 2013 changes in natural gas excise tax
The Ministry of Finance is currently working on a new draft law which involves changes in the calculation of excise duty on natural gas starting fall 2013. Natural gas excise tax is an integral part of EU law. While joining EU, Poland, in order to carry out necessary adjustments of...
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