German daily newspapers report that it started to cloud over Polish economy, which had recently begun to shrink. They compare today’s recession with the crisis of 2009 and claim that the situation today is even worse than it was. According to today’s German daily newspaper Handelsblatt – the country, thought to be the economy engine, does not produce anymore steam. Poland, being the only European Union county which was not affected by the world crisis in 2009, is apparently losing the economy burst. According to the data from Central Statistical Office – the GDP of the third quarter of this year increased in no more that 0,4 percent in comparison to the previous quarter. It was not so bad even in critical 2009 – during the world economy crisis. During the downturn, when all EU countries were in recession, Polish GDP increased in 1,7 percent. The daily reports that according to the Central Statistical Office the situation is getting even worse due to significant reduction in domestic demand that used to be a driving factor for economic growth in Poland, which rate was immensely higher than the average one in EU. In the meantime, according to media reports, the majority of Poles are afraid of upcoming crisis , save up and drastically cut expenditures. As stated in an article published in Financial Times Deutschland, the fact that quantity of foreign orders and employment increased in comparison with the previous month – will not have a notable impact on the existing situation.
The Rzeczpospolita Newspaper, which is in opposition to Donald Tusk’s liberal-conservative government, calls for significant reforms. In accordance with Handelsblatt – Waldemar Pawlak, the leaving minister of economy, expects from the prime minister personal engagement in the issue concerning shale gas production; this is the biggest eastern European country that seriously appeals to such an unconventional and controversial way of gas production in order to eliminate the dependence on the gas transported from Russia. Meanwhile, in the current situation, just after Exxon Mobile, Canadian company Talisman removed its equipments and machinery from Poland, while Polish companies now have to prepare their own equipments for gas boom. As it is stated in the German daily, as well as in Reczpospolita, Exxon Concern is negotiating the resale conditions of further concessions for the production of shale gas in Poland with the biggest Polish gas delivering company PKN Orlen.
EU Carbon Border Adjustment Mechanism: Preparing for the new regulation - The implementation of the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) on 1 October 2023 is expected to reshape global trade at large. It is imperative that businesses understand and prepare for the changes that the mechanism will bring about.
Join us for a webcast on 14 February 2023 as KPMG professionals provide insights into the inner workings of CBAM, explore the effect that these measures have on organizations situated both within and outside the EU, and delve into why decarbonisation of production, whether that production is expected to be a key source of competitive advantage for selling into the EU market.
01.12.2022 - During the webinar, Rödl & Partner experts will discuss the latest legislative changes in this area of renewable electricity producers and explain the risks and opportunities associated with RES in the new legal reality.
We have recently seen a series of unprecedented interventions in the electricity market that are changing the situation of renewable electricity producers. On the one hand, both the European Commission and the government intend to impose additional financial burdens on producers, thus limiting their profits from energy sales. On the other hand, we are increasingly aware that renewable energy sources are the foundation of energy independence and security, and we can see changes on the horizon that may facilitate the development of renewable energy in Poland.
23.11.2022 Training - During our webinar, experts from Rödl & Partner Poland will present current opportunities, conditions and possible benefits for investors in Poland. We will point out important topics for investors: tax reliefs, funds & SEZ - why it is worth to invest in Poland. From a tax perspective, we will tell about : VAT, corporate income tax (CIT). We will also touch upon the legal aspects of investments: from possibilities avenues and forms to reporting obligations.
czytaj więcej27.10.2022 Training - Global supply chains have been disrupted by factors such as covid restrictions and covid-related lockdowns, geopolitical tensions and staff shortages. We all know the problems, but where can we find solutions?
czytaj więcejNew investment quarter has started. The agency has received 9 new project, therefore now the PAIiIZ leads 175 investments in total. If all the projects, which total value equals to 3271,85 million euro, are implements, there will be 32 197 of new vacancies created in Poland.
Since the beginning of the year, the agency has implemented 10 projects (162,14 million euro of total value and 2 697 new vacancies). Those investors, who decided to invest to Poland have business in the following fields: aircrafts, BPO, entertaining-scientific, automotive industry, ICT and food processing industry.