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Despite a massive decline in demand – housing prices are on the rise
After years of boom in the residential real estate market, housing development companies sold only 40,900 new homes in the country’s seven largest cities last year, according to Poland’s largest real estate portal Otodom. This is the lowest annual figure since 2014 and represents a decline of 35 per cent...
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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...
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Obligation for a company to file a CbC-P notification or CbC-R report
Country-by-Country report (CBC-R) is a reporting mechanism set out in the Act of 9 March 2017 on the exchange of tax information with other countries. Entities belonging to large multinational groups are obliged to report tax information related to that capital group to the National Tax Administration. In order to...
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Offshore wind energy development plans in Poland
The government’s energy programme aims to build offshore wind farms in the Baltic Sea with a total capacity of more than 15 giga-watts in two development phases by 2040. Seven wind farm projects in the first development phase had already gone through the approval process last year. The first electricity...
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Changes regarding the reporting of applicable payment terms for 2022
In connection with the amendment of the Act on Prevention of Excessive payment Delays in Commercial Transactions (as per Journal of Laws of 2022, item 893, as amended), which took place at the end of 2022, we would like to draw your attention to the changes in the provisions regarding...
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Higher expenses for employers linked with the utilization of a private car of the employee for corporate purposes
Higher costs for mileage allowance The Ordinance of the Minister of Infrastructure of 22 December 2022, amending the Ordinance on the conditions for determining and the method of reimbursement for the use of private cars, motorbikes, and mopeds for business purposes, influenced the costs of using vehicles for business purposes....
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Industrial production – growth declines in instalments
Industrial production increased by 4.6 per cent year-on-year in November. Compared to the previous month, growth was 2.9 per cent, according to the Central Statistical Office (GUS). Although the positive result was well above market forecasts, the majority of analysts do not see this as a reason for an optimistic...
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Mercedes-Benz builds electric vans in Jawor
Mercedes Benz has announced investments of over 1 billion euros in the construction of a new factory in Jawor, Lower Silesia. “For the first time in Europe, we will produce exclusively electric vans in Poland,” said the head of Mercedes-Benz Vans, Mathias Geisen, after signing an agreement to this effect...
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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...
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Start of construction for the expansion of the Gdansk container port
Construction work on the third terminal (T3) has begun at the Port of Gdansk on the Baltic Hub container terminal (formerly DCT Gdansk). In the first instance, the multi-phase plan envisages the construction of a 36-hectare platform adjacent to the T1 terminal. Afterwards, a 717-metre-long quay with a water depth...
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