More news about: Investing in Poland

European Court of Justice opinion on foreign currency loans

Following the opinion recently delivered by the European Court of Justice (ECJ), the Polish Banking Supervision Commission KNF has warned of “dramatic consequences for the banking sector” if private consumers would be granted a “free loan”. The long-running dispute over foreign currency loans, especially mortgage loans in Swiss francs, has now reached a new level

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25 May 2023

Government plans tax on vacant residential real estate

According to research institutions, the housing shortage in Poland is about 1.5 to 2 million apartments. At the same time, however, there are around 1.8 million vacant apartments, according to the CIS statistics office. In order to resolve this imbalance and combat speculation on housing prices, the government announced at the turn of the year

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11 April 2023

Commissioning of the car tunnel to the island of Usedom announced for May

The construction of a car tunnel connecting the island of Usedom with the Polish mainland is nearing completion. According to the General Directorate for National Roads and Motorways (GDDKiA) in Szczecin, all structural work has been completed. At present, the asphalt is still being laid on the two-lane carriageways. The tunnel is then scheduled to

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31 March 2023

Gas price freeze from 1 January – but not for companies

The Polish parliament has decided to freeze gas prices at the current level for the coming year. Gas is expected to cost a maximum of 200 PLN (~45 EUR) per MWh in 2023. The legal umbrella covers gas prices for private households, housing cooperatives and their local heat generators, social institutions, hospitals, educational institutions, and

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28 December 2022

Start of construction for the expansion of the Gdansk container port

Construction work on the third terminal (T3) has begun at the Port of Gdansk on the Baltic Hub container terminal (formerly DCT Gdansk). In the first instance, the multi-phase plan envisages the construction of a 36-hectare platform adjacent to the T1 terminal. Afterwards, a 717-metre-long quay with a water depth of 17.5 metres will be

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22 December 2022

First ultra-fast charging station from PKN Orlen

The Polish petroleum company PKN Orlen has put into operation the first ultra-fast charging station for electric vehicles. It is located in the northern part of the A-1 motorway at the Machniarz South rest area, which is only a few kilometres away from the company’s headquarters in Płock. The charging station allows batteries to be charged

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6 December 2022

“Soft landing” of industrial production

Industrial production increased by 6.8 per cent year-on-year in October. However, it decreased by 0.7 per cent month-on-month, the Central Statistical Office (GUS) announced. Growth was registered in 25 of 34 industry groups. The automotive sector again took the top spot with 41.7 per cent. As in the previous month, the sectors with the largest

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4 December 2022

Surprisingly high growth as a snapshot

Surprisingly positive and clearly above analysts’ expectations were the industrial production data in September. According to the Central Statistical Office (GUS), the value of sold industrial production was 9.8 per cent higher than in the same period last year. Compared to the current month, the growth rate was only slightly lower. 27 out of 34 industry

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16 November 2022

Instead of two, three nuclear power plants in Poland

4 gigawatts for 20 billion dollars According to Anna Moskwa, Minister of Climate and Environment, these are the key figures for Poland’s first nuclear power plant. The Polish government has now decided that it will be built using technology from the US power plant supplier Westinghouse. The planned site is Lubiatowo-Kopalino on the Baltic Sea.

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12 November 2022

Investing in Poland 2022: free e-book on tax and legal regulations

Each year getsix® publishes a brochure compiling current tax and legal issues. We cover the most important changes and topics that shape the immediate business environment and have a direct impact on starting and running a business in Poland. The easy-to-read e-book format systematises and facilitates the access to strategic information from the enterprise’s standpoint.

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3 August 2022

1 billion zloty for the expansion of the container port in Gdansk

The operator of the container port in Gdansk, DCT Gdansk Sp. z o.o., has signed a PLN 1 billion contract with a consortium led by Polish construction group Budimex for the expansion of the container port. With the construction of the third Baltic Hub 3 terminal, the Baltic port is set to become one of

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27 July 2022

EU funding for 2021-2027

EUR 76 bln from EU funds for Poland in 2021-2027 In the years 2021-2027, Poland will receive EUR 76 bln from the European Union budget – EUR 72.2 bln from cohesion policy…

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15 October 2021

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