Poland GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Poland expanded 3.30 percent in the third quarter of 2014 over the same quarter of the previous year. GDP Annual Growth Rate in Poland averaged 4.22 Percent from 1995 until 2014, reaching an all time high of 8.10 Percent in the fourth quarter of... Read More →
National Bank of Poland (NBP) has cut interest rates for the first time since Summer 2013
The Monetary Policy Council (MPC) of the NBP has cut their interest rates for the first time since Summer 2013. Financial experts regarded this step as long overdue, but they have been surprised by the rate cut of 50 percentage points. Most of the market experts predicted 25 percentage points.
Changes to the rules of granting state aid within the Special Economic Zones (SEZ’s)
On 12th November, 2014 the Council of Ministers approved a draft of the Ruling on state aid granted for initiatives operating under a permit to conduct business activity in Special Economic Zones (SEZ’s). The Ruling should take effect by the end of 2014. The rules of granting regional aid have... Read More →
The failure of the tax avoidance regulations
Embarrassing government mistakes in legislation, after new regulations on tax avoidance law were passed and signed by Parliament and the President on 17th September, 2014. The Government Legislation Centre had two weeks to publish this law, to enable the new legislation to come into effect next year, but the publication... Read More →
The Future Inflation Index (WPI)
The Future Inflation Index (WPI) prognoses decreased again in November. Data shows that prices of goods and services in the upcoming months will decrease by 0.2% compared to October.
NBP’s vision for the economic development of Poland
In November, experts from NBP’s (Narodowy Bank Polski) Economic Institute presented their vision for the economic development of Poland, projecting inflation and GDP. In general the report shows that inflation and GDP will be lower than the figures forecast in July.
Poland’s economic indicators
Poland’s economic indicators 2014 Unemployment rate (%) Inflation / Year (%) Industrial production (%) September 8.7 -0.2 1.9 August 8.8 -0.1 0.3 July 8.9 – 2.4 June 9.1 0.3 1.8 May 9.2 0.3 2.1 April 9.4 0.3 5.6 March 9.6 0.6 5.5 February 9.8 0.7 5.3 January 9.9 0.6 6.5... Read More →
Deflation in Poland fell by the record 0.6% in October on annual basis
Deflation in Poland surprised and fell by the record 0.6% in October on annual basis. This is probably the deepest deflation in 58 years (although data before 1990 is not fully comparable), since the early reign of Gomułka. This is the biggest problem for the Polish MPC which said the... Read More →
HLB International network
HLB International is a leading network of independent professional accounting firms and business advisers with member firms well-established locally and mostly ranked among the top 12 nationally. Inspired for more than 40 years in over 130 countries, their 1,900 partners and 19,000 staff generate in excess of $1.9 billion in... Read More →
Stamp duty in case of power of attorney
Stamp duty is levied when filing and depositing documents to confirm the power of attorney, registered commercial power of attorney, an executed copy or excerpt in the context of public administration or legal proceedings. This was stressed by the Polish Finance Minister in his general comments on October 13, 2014... Read More →
