WARSAW: Poland is ushering in new programmes, geared to improving commercial processes and the overall business landscape, while building on existing regulations.
In 2017, the sixth largest European Union member state adopted the Strategy For Responsible Development. A central tenet of this fresh vision for economic growth is inclusiveness through ambitious social projects, while fostering stability in public finances.On 26 January 2018, the Constitution for Business legal packet consisting of over 100 initiatives were accepted by the lower house of the Polish Parliament, and are now poised to impact domestic and foreign companies with some particularly exciting opportunities in store for Small and Medium-Sized Enterprises (SME). This non-exhaustive list highlights key schemes and how they stand to positively affect businesses he World Bank considered export-supporting Eurozone growth, as well as consumption – spurred by record low unemployment rates and rising wages – as engines for Polish growth when it projected a four percent lift in GDP for 2018. Accordingly, the tax-free allowance threshold and minimum wage are going up. A 2017 survey saw 70 percent of Poles satisfied with their financial circumstances; 40 percent plan to augment spending. The latter would be meaningful, given Poland’s massive market of 38.5 million.
