Tag: Bank accounts for foreign companies in Poland

28
Jun

Why banks reduce interest rates on deposits.

Posted by / Bez kategorii

The rate reductions are due to the fact that this strategy brings double benefits to banks. First of all, paying lower interest costs less. In addition, some people discouraged by low interest rates give up deposits and simply keep savings on an interest-free bill. This means for banks a free source of financing. In addition, the advantage of deposits over loans granted is increasing in the banking sector. The value of the former is already 13 percent higher than loans. For comparison, in 2011 the situation was opposite – the value of loans was up by 14 percent higher than deposits. Banks are therefore less and less motivated to pay us high interest rates. They are not able to earn part of our savings because they give too little credit.

   
   21 
 May  
The Swiss Franc is the most expensive since the beginning of April
 Posted by  / Bez kategorii
The Swiss franc, one of the more closely observed currencies in Poland, has risen in price compared to the zloty by about 2 percent over the past two weeks. The franc rate rose above PLN 3.81, reaching the level we recently observed at the beginning of April this year. Unfortunately, the franc may soon be even more expensive. Not only the Polish zloty but also the US dollar or the euro are losing to the franc. In two weeks, the franc strengthened against the euro by about 1.5 percent, and against the dollar by about 1.6 percent.
    
   16 
 Apr  
Another foreign automotive business is starting in Poland.
 Posted by  / Investments in Poland
BrΓΆkelmann Polska is launching a new project in Opole. According to the investor’s information, the new facility employs 270 people.Continue Reading..
        
   08 
 Apr  
The entrepreneur in Poland has the right to make mistakes.
 Posted by  / Taxes
The Ministry of Enterprise and Technology plans to introduce another deregulatory package, which, among other things, is to strengthen the competitive position of Polish ports by extending the VAT settlement date in imports, as well as admit the right to error during the first year of operation for smaller entrepreneurs – said Minister of Entrepreneurship Jadwiga Emilewicz.Continue Reading..
       
   06 
 Apr  
Polish Bank Pekao intends to release up employees.
 Posted by  / Banking
The management of Pekao has adopted a resolution on the intention of group layoffs and consultation on this matter. It is about releasing a maximum of 950 people.Continue Reading..
  
   02 
 Apr  
The EU has extended the black list of tax havens.
 Posted by  / Standard
The European Union has expanded the black list of tax havens that it created at the end of 2017. It has added 10 jurisdictions, including the United Arab Emirates, Oman as well as the British and Dutch overseas territories. Blacklisted countries may be covered by stricter controls of transactions with the EU.Continue Reading..
          
   28 
 Mar  
Responsibility for the financial report in a Polish Limited Liability Company
 Posted by  / LLC
The head of the unit and the person entrusted with the bookkeeping are responsible for the preparation of the annual financial statements. The head of the unit shall ensure that the report is prepared and submitted to the competent authorities within three months from the balance sheet date. If the unit is managed by a multi-person body, the financial report is signed by all members of this body and the person entrusted with keeping the account books.Continue Reading..
       
   24 
 Mar  
Things you must think about if you’re setting up a modern company in Poland.
 Posted by  / Standard
If you are just starting or thinking about starting a company in Poland, you must ensure that your customers will find you. And it does not matter if you are a freelancer, run a Polish limited liability company by yourself or you have a company where you employ several people. Today, it is impossible to function without a professional presence on the Internet. Here are the things you simply need to remember.Continue Reading..
         
   20 
 Mar  
Registered address for a Polish company.
 Posted by  / Business management
After introducing the lowest corporate income tax rate in Europe – 9% Poland became even moreΒ attractive country for doing business by foreigners. Some of them are interested in living in Poland and conducting their stationary business but the other group would like to go back to their countries and control the company at a distance.Continue Reading..
           
   16 
 Mar  
Deutsche Bank and Commerzbank joined the merger talks.
 Posted by  / Banking
Both banks have officially confirmed the start of talks on mergers, although they stipulate that they are only at the initial stage of talks. Nevertheless, the prices of shares of Deutsche Bank and Commerzbank to the south on Monday increased on the stock market by 4.07 per cent, respectively. and 6.87 percent.Continue Reading..
   
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