The Polish Deal is probably the largest change of tax law in Poland since 1990. All companies with operations in Poland will be affected. The changes significantly affect several areas of taxation including Corporate Income Tax (CIT), Personal Income Tax (PIT), and Value Added Tax (VAT). Despite the government’s official narrative that the Polish New…
W. P. Carey, has acquired seven DIY retail stores in Poland from the Austrian Supernova Group. The total acquisition totals approximately 70,000 square metres. The stores are triple-net leased to OBI for a term of 15 years with Eurozone CPI-based rent increases. W. P. Carey is a REIT specialising in corporate sale-leasebacks, build-to-suits and the…
Forecasts are always subject to the risk of uncertainty and in the present conditions they are particularly reminiscent of fortune-telling from tea leaves. Economists are divided into two camps. Optimists claim that the global economy, and therefore also the Polish economy, has probably entered a path of growth. The pessimists point to a number of…
The largest privately-owned investment and asset manager in private equity and real estate in CEE, Griffin Real Estate has announced changing its name to Griffin Capital Partners. The name change is accompanied by a refreshed visual identity, underlining the strategic direction towards private equity that the company has already taken. The change also reflects and…
On 4 January 2022 the Monetary Policy Council decided to increase the NBP reference rate by 0.50 percentage points, i.e. to 2.25%. At the same time, the Council set the remaining NBP interest rates at the following levels: ▪ lombard rate at 2.75%; ▪ deposit rate at 1.75%; ▪ rediscount rate at 2.30%; ▪ discount…
Passenger traffic at Chopin Airport and Poland’s 13 regional airports from January to September 2021 hit almost 13 million, 191,000 more (+ 1.5%) compared to the same period of the previous year. In the analyzed period, the share of regional airports in total traffic handled was 60%. During the first nine months of this year,…
Łódź has been included in the National Geographic Traveler’s global plebiscite “Best of the World 2022” – the only place from Poland to do so. The city in the central Poland has been listed in the “Sustainable Development” category. “I am impressed with how Łódź has changing recently, how it has taken care for its…
The labor market situation is systematically improving from the point of view of employees: half of Polish companies are planning pay raises and the percentage of enterprises forecasting employment growth has increased, as indicated by the results of the 44th edition of the Employer Plans survey conducted by the Randstad Research Institute and Gfk Polonia,…
December is one of the most financially demanding times of the year. Shopping for gifts for loved ones, food products for Christmas Eve and the Christmas table, Christmas decorations, transport – all meaning higher than usual expenses. At the same time, the century’s record-breaking inflation (7.7%) has made us tighten our belts – this is…
In November, Polish industry increased production by 15.2% annually, Statistics Poland reported. Excluding readings from April and May – which were burdened with the low base effect from 2020 – the November reading is the highest for the entire year. According to Mariusz Zielonka, an economic expert at the Polish Confederation Lewiatan, this excellent result…
Inauguration of construction of the new Northvolt plant – where a modern, sustainable energy storage systems will be made – took place n Gdańsk on December 8. The factory will strengthen the position of Pomerania on the industrial map of Poland. Northvolt, a supplier of high-quality cells and battery systems, announced its first investment in…
President Andrzej Duda has signed the amendment to the act on electromobility and alternative fuels, that aims to accelerate the development of electromobility in Poland and implement the EU regulations. The amendment to the act on electromobility and alternative fuels implements the provisions of Directive 2019/1161 of June 20, 2019 on the promotion of clean…