Tag: VAT

NBP Revises Forecasts: Higher Inflation and Lower Growth Expected for Poland

The NBP (National Bank of Poland) is changing its forecasts for Poland. In November, it projected inflation at 4.6%, but now, given that anti-inflationary...

Poland’s Ministry of Finance: Reduced VAT on Food to End in March 2024

In light of the latest inflation readings and forecasts for the price dynamics of basic food items currently subject to a temporary 0% VAT...

Grocery Bills Rise: Daily Shopping Up 3.9% Annually in Poland (February 2024)

Analysis of nearly 60,000 retail prices has shown that daily shopping in stores increased by an average rate of 3.9% annually in February 2024....

Gold and Bitcoin are breaking all-time records. Why?

The price of the royal precious metal last week reached almost 2,200 dollars per ounce, setting a new record. Bitcoin also reached its all-time...

New EU Regulations: Transport Companies Face Duty for Correct HS Code Classification

Polish transport companies must prepare for changes introduced by new EU regulations; Responsibilities related to the classification of goods are changing, with attention...

NBP and EBC maintain interest rates unchanged

As expected, the National Bank of Poland (NBP) has left interest rates unchanged. The main interest rate stays at 5.75% for the fifth...

Inflation Hits Target in February, But NBP Unsure About Next Steps

Given that Wednesday's decision by the Monetary Policy Council to keep interest rates unchanged for the fifth time in a row (5.75%) was no...

RPP keeps rates unchanged. How does the market react?

RPP maintains interest rates as they are, continuing the policy since last October when the latest change in interest rates occurred. Today's decision was...

Gold Soars to Record High, Eyes on Powell’s Speech and US Job Data

Yesterday, a historical record was set on the gold market, with an ounce reaching a value of $2141. High demand for the precious metal...

Bitcoin and Stocks Hit New Highs

The macro data from the USA on Friday were disappointing. The second February survey from the University of Michigan showed more pessimistic moods among...

BCC Evaluates Donald Tusk’s Government: 100 Days In, 100 Goals Not Met, But Progress Made

The end of March will mark the first 100 days of Donald Tusk's government, which had promised to achieve 100 concrete goals in this...

Polish Wage Surge Sparks Inflation Concerns: Business Sector Salaries Jump 12.8%

Salaries in the business sector increased by as much as 12.8% year on year in January. An increased consumer demand could pose a threat...

Poles Embrace Investing to Fight High Inflation, Tax Reform Eyed to Boost Participation

High inflation has prompted many Poles to become interested in investing their savings to prevent their value from being lost. "This trend is gaining...

New Tax Relief Proposed to Help Businesses Adapt to ESG Reporting Requirements

In response to the new ESG non-financial reporting requirements that came into effect at the beginning of this year, the Confederation of Leviathan and...
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