Locked content Capital expenditure to increase 4.7% in 2017 – World Bank

Polish firms’ capital expenditure will increase by 4.7 percent this year compared to a year earlier, according to forecasts published by the World Bank. In the following years, capital expenditure could increase even further, reaching 6.6 percent in 2018 and 7.1 percent in 2019, the World Bank state...

Locked content PwC: VAT gap to drop to PLN 39 bln in 2017

Based on VAT collection data in H1 of the year, the VAT gap could decrease to PLN 39 billion in 2017, which equals to 2 percent of GDP, from PLN 52 billion recorded in 2016 (2.9 percent of GDP), advisory PwC calculated. PwC analysts expect VAT revenues to increase by 19 percent y/y to over…

Locked content Healthcare spending to reach 6% of GDP in 2025

Healthcare spending will increase gradually to 6 percent of GDP in 2025, according to a draft amendment bill, which the Standing Committee of the Council of Ministers recommended to the government. In 2018 healthcare outlays will account for 4.67 percent of GDP, in 2019 – 4.84 percent, 5.03 percent ...

Locked content Produce prices rise in September – GUS

The prices for most types of bulk agricultural produce increased in September, according to GUS data. Wheat was sold at PLN 64.57 for 100 kilograms, 1.4 percent higher than a month earlier and 5.5 percent higher than in September 2016. Rye prices stood at PLN 53.73 per 100 kg, 1.1 percent more m/m a...

Locked content LPP to spend PLN 200 a year on R&D

Fashion retailer LPP wants to hire over 1,000 employees and spend nearly PLN 200 million a year on R&D, the company stated. “We want to have 2,000 people working on a variety of R&D project by the end of 2018,” said LPP’s CEO Marek Piechocki. The company also wants to allocate PLN 1.5 billio...

Locked content PKO places CHF 400 mln worth of bonds

PKO BP has placed its four-year eurobonds worth a total of CHF 400 million, with coupon rate of 0.300 percent (58 basis points above mid-SWAP). The bonds’ issue date is November 2. The bonds will mature in four years and interest wil be paid annually. The bank is applying for the bonds to be traded&...

Locked content Senate committee votes to suspend retail tax until 2019

The members of the Senate’s Budget and Public Finance Committee unanimously voted in favor of suspending the retail tax for another year, until the end of 2018. The work on the retail tax bill will continue. “We have prepared a budget bill that has a much lower deficit than the one planned for this ...
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GDP to grow 4.0% in 2017, could slow down after that – World Bank

The World Bank has increased its GDP forecasts for Poland to 4.0 percent in 2017, 3.6 percent in 2018 and 3.4 percent in 2019. Earlier estimates stood at 3.3 percent this year and 3.2 percent in 2018 and 2019. “In 2017, Poland’s economic growth will accelerate to 4.0 percent from 2.7 percent recorde...
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56% of Poles prefer cashless payments

Over a half of Poles (56 percent) prefer to pay without using cash, and consider payment card and smartphone as the most convenient methods of payment, according to a study conducted for eService. Only 31 percent of those polled prefer cash to cashless payments. The preferred methods of payment are ...