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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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Exchange rate (EUR/PLN) from 9 April 2013
Exchange table of National Bank USD: 3,17 Zloty EUR: 4,13 Zloty CHF: 3,39 Zloty (Information from: 9 April 2013) Government securities / Rate of return 2-Year: 2,97 % 5-Year: 3,14 % 10-Year: 3,63 % (Information from: 9 April 2013) Interest on credits Business loans: 8,57 % Consumer loans: 16,52 %...
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Flat rates for regulated by law reimbursement of travel expenses updated
For the first time in over a decade now, the flat rates, for regulated by law reimbursement of travel expenses, particularly accommodation and daily spending allowance, are going to be raised. The full flat rate of daily spending allowance for domestic business trips starting 1st March amounts to 30 PLN;...
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Monetary Policy Council reduces the interest rates
In the past the Monetary Policy Council of the National Bank always stuck to its more conservative approach to interest rate policy. However, it seems that the Monetary Policy Council became more responsive to current economic turbulences and for the shortest fourth consecutive time (since November) reduces the interest rates....
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Regional wage and salary levels comparison report for 2012
Die-hard belief has it that the best salaries are earned in capital region of Poland – Masovia, however, hard facts lead to a different conclusion. In order to prove it the Sedlak&Sedlak Consulting Company issued a regional wage and salary levels comparison report for 2012. The subject of the research...
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Exchange rate (EUR/PLN) from 5 February 2013
Exchange table of National Bank USD: 3,17 PLN EUR: 4,13 PLN CHF: 3,39 PLN (Information from: 5 February 2013) Government securities / Rate of return 2-Year: 2,97 % 5-Year: 3,14 % 10-Year: 3,63 % (Information from: 5 February 2013) Interest on credits Business loans: 8,57 % Consumer loans: 16,52 %...
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