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 % (Average of 20 banks) Term... Please Read More

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 months they receive 100% of... Please Read More

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 a draft law with CFC... Please Read More

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 Baltic countries Lithuania and Latvia... Please Read More

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, announced something totally different following... Please Read More

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 % (Average of 20 banks) Term... Please Read More

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 that tax, was granted a... Please Read More