Locked content Złoty stable despite Brexit vote

Despite U.K. Parlament’s Rejection of Brexit deal, foreign exchange markets reacted moderately. GBP/PLN exchange rate has even strengthened, showing that upward trend in the near future is possible. From the beginning of December, złoty grew from 4.75 to 4.8, and after the vote extended gains ...

Locked content Poland to allow Britons to stay in event of no-deal Brexit

Emergency laws are being written to enable Britons to remain and work in Poland in the event of no-deal Brexit. The Polish government is drafting a law which will give the estimated 6,000 Britons in the country a year without having to change their status to immigrants from a third country. The gove...

Locked content Tusk: ‘We will not renegotiate the Brexit deal’

The President of European Council Donald Tusk said that Brussels will not renegotiate the Brexit deal. “We will not renegotiate the deal, including the backstop, but we are ready to discuss how to facilitate UK ratification. As time is running out, we will also discuss our preparedness for a no-deal...

Locked content CJEU Advocate General says Brexit is reversible

There is no legal obstacle to the possible withdrawal of the UK’s request for withdrawal from the European Union, according to a legal opinion issued by the Advocate General of the Court of Justice of the European Union (CJEU). The opinion is not binding on the adjudication panel, but it is an indic...

Locked content Hard Brexit could impact Polish automotive sector 

Poland is the fifth most important automotive trade partner for the UK, and the potential hard Brexit will hit the British, EU and Polish automotive sectors. The British will lose trusted and competitively priced parts suppliers (78 percent comes from EU imports), and production plants in Poland wil...

Jeremy Hunt new UK Foreign Secretary as Boris Johnson resigns

Jeremy Hunt has been named the new British Foreign Secretary after Boris Johnson resigned from his post, Downing Street has confirmed. Johnson is the next high-profile minister to leave Prime Minister Theresa May’s government following the resignation of the Brexit Secretary David Davis.

Locked content Multi-speed Europe will lead to its end – Duda

The European Union will become less attractive to some member states if it implements a “multi-speed” strategy, and break up ultimately, President Andrzej Duda said during his speech at the Economic Forum in Krynica. “A division of the bloc into a multi-speed union will not be beneficial … pol...