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Gdansk refinery placed under protection
The Polish government has placed the refinery in Gdansk under the special protection of the state control bodies. The company has been placed on the government’s list of companies of strategic importance. The measure was taken in response to the controversy surrounding the sale of part of the refinery to... Read More →
Gas price freeze from 1 January – but not for companies
The Polish parliament has decided to freeze gas prices at the current level for the coming year. Gas is expected to cost a maximum of 200 PLN (~45 EUR) per MWh in 2023. The legal umbrella covers gas prices for private households, housing cooperatives and their local heat generators, social... Read More →
EU funding 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... Read More →
Double-digit 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... Read More →
Poland Focus 2019 | Private Equity Lured with $737 million with Co-Investment Plan for SME’s
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... Read More →
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).... Read More →
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... Read More →
Poland reclassified to Developed Market status 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... Read More →
New Minimum Wage Rates 2018: You Should Know
With effect from 1st January, 2018 the minimum wage rates in Poland have been reorganised. Compared to the previous year, the minimum earnings have increased by 100 zlotys gross. A new minimum hourly rate will also apply in the new year. The amendment in the area of the ‘Minimum Wage... Read More →
Best-Performing Cities in Europe
4 cities in Poland are the best performing within the Top 20 in Europe: Gdansk, WROCŁAW, POZNAŃ and Krakow! Best-Performing Cities/Regions 1 Inner London-East, UK 2 Stockholm, Sweden 3 Budapest, Hungary 4 Pomorskie, POLAND (includes Gdańsk) 5 Nord-Vest, Romania 6 Dolnoslaskie, POLAND (includes Wrocław) 7 Berkshire, Buckinghamshire, and Oxfordshire, UK... Read More →
