Tag: Polish economy

03
Jan

Economic growth in Poland is much higher than expected.

The economic growth in Poland in 2017 will amount to 4.2 percent. GDP, and in 2018, 3.8 percent. GDP – results from the autumn economic forecasts of the European Commission presented today. This is much better than Brussels predicted in spring.
In May, the Commission expected that Poland’s GDP would go up this year by 3.5 percent, and next year by 3.2 percent.

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02
Jan

President of PLL LOT: the Prime Minister has appointed the Polish Aviation Group.

Prime Minister Mateusz Morawiecki appointed the Polish Aviation Group. It is a joint-stock company with capital of PLN 1.2 billion; it will be composed of State Treasury companies, including PPL LOT, LOT AMS, LS Airport Services.

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19
Oct
22
Sep

The CETA agreement comes into force.

The European Union and Canada are beginning to reduce and abolish import tariffs on thousands of goods. The CETA trade agreement, which was negotiated for almost eight years, is partially due to take effect.

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28
Aug

The Ukrainians buy the largest number of properties. They overtook the Germans and Brits.

Ukrainians not only work in Poland but also invest in Polish real estate. They are increasingly willing to buy apartments in Krakow. It also draws attention that the Ukrainian client mostly pays cash, is a young person and buys a small area apartment.

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19
Aug

Polish entrepreneurs will find it easier to gain financial EU support.

The amendment of the Implementation Act is intended to facilitate the use of EU grants. New regulations simplify the process of applying for funding and reduce red tape. They also form the institution of the Ombudsman for European Funds, which will take care of the interests of beneficiaries of EU funds. The change will benefit mainly from local governments and entrepreneurs who make the most use of EU funds.

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17
Aug

Poles drive the import of goods.

Poles buy more goods from other countries than they sell them. Dynamic import growth is a result of improved financial standing of customers. Although in recent weeks strong zloty was not favorable for Polish exporters, this does not mean that their expansion into foreign markets is weakening.

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04
Aug

The number of millionaires in Poland is constantly growing.

More than 20 thousand people declared more than one million zlotys in taxation last year. This represents an increase of 5 percent. Most of Polish millionaires  came among people who carry out business activities and settle according to the 19% PIT rate.

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23
Jul

Poland still attracts foreign investors.

Poland, as a very fast-growing country located at the heart of Europe is becoming more and more frequent choice for running a business. Being the sixth largest country of European Union in terms of population, means undeniably a large selling market for goods and services. In numbers – about 38 million citizens, which is about one third of the total population of new member states. In recent years Poland has proven its position as one of the most attractive global locations for business investments.

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