WBJ | Warsaw Business Journal
Business. Net Income for Banks Increases by 54.5%. 18 hours ago. PZU’s 2016-24 audit reveals losses exceeding PLN 700 million. 18 hours ago.
WBJ | Warsaw Business Journal
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Polish banks face funding challenges
14 hours ago · Polish banks face funding challenges. Source: Shutterstock. Poland’s banking sector is now more dependent on external capital than at any time in the past 25 years, according to Marek Lusztyn, vice-president of mBank. New regulatory requirements, such as the long-term financing ratio (WFD) and the MREL obligations, have heightened this reliance.
EU: the EC approves Polish state aid program worth €1.2 bln
Sep 17, 2024 · The European Commission approved a €1.2 billion Polish state aid program to support investments in strategic sectors for transitioning to a net-zero emission economy. The program will provide direct grants to companies involved in the production of batteries, solar panels, wind turbines, heat pumps, electrolyzers, carbon capture devices, and ...
Poland to spend PLN 4.6 bln for first nuclear power plant - WBJ
Aug 26, 2024 · Poland plans to allocate PLN 4.6 billion in its 2025 budget to start preparations for its first nuclear power plant, according to Bloomberg. Finance Minister Andrzej Domański announced that this investment is part of a broader strategy to reduce energy costs, which are 40-50% higher in Poland compared to Germany, France, and Spain.
Poland’s economy amongst growth leaders in EU
Oct 8, 2024 · Poland has become one of the strongest EU economies post-pandemic, ranking 4th in GDP growth in Q2 2024 compared to pre-COVID levels. From a longer-term perspective since the 2008 financial crisis, Poland leads the EU, with GDP growth nearing 60%. Romania is second with 37%. Germany, however, has ...
Polish Budget Criticized for Overspending, Experts Warn of ...
Sep 14, 2024 · Financial experts are raising concerns about Poland's 2024 budget, warning that policymakers and investors may be underestimating the economic risks posed by excessive government spending. According to analysts, the Polish government’s current fiscal approach could lead to long-term financial instability if not addressed soon.
Min of Interior and Admin released nearly PLN 950 mln to flood …
2 days ago · Source: Pexels. The Ministry of Internal Affairs and Administration (MSWiA) has allocated nearly PLN 950 million in aid for flood victims, announced Minister Tomasz Siemoniak. This funding will support various forms of assistance, including allowances for 62,000 families, resources for entrepreneurs, and funds for cleanup efforts.
EC Approves Polish Public Aid for $4.6 bn Intel Investment
Sep 14, 2024 · EC Approves Polish Public Aid for $4.6 bn Intel Investment. The European Commission has approved Polish government plans to grant over €1.7 billion in financial aid for a €4.15 billion Intel semiconductor plant. Poland’s Digital Affairs Minister, Krzysztof Gawkowski, said on Friday that Warsaw had received word from Brussels that it would ...
VAT law simplified for SMEs
Sep 11, 2024 · The Polish Council of Ministers has approved a draft law simplifying VAT obligations for small businesses, aligning with EU regulations. The new law will allow small enterprises from other EU countries to benefit from VAT exemptions when operating in Poland. Currently, foreign companies must register and meet VAT obligations in every EU country ...