Month: May 2021

Experts estimate that over the next five years we should not expect major structural changes in the Polish economy. The last significant transformations have taken place in the market services sector, more specifically those related to the use of modern information and communication technologies. The key terms are: internet of Read More

Exports are one of the economic factors that are very important for a country’s economy. It directly affects the country’s balance of payments, and its growth generally results in accelerated growth of the economy and a decrease in unemployment. The latest data of the Central Statistical Office on foreign trade Read More

According to the latest CSO studies, in 2019, 56% of the value of gross domestic product was produced in five regions: the capital Warsaw, Silesia, Greater Poland, Lower Silesia and Lesser Poland. If we consider the shares of each area in the creation of GDP, their share varied significantly. Ranging Read More

Foreign trade is undoubtedly a very important component of economic development of countries. The increasing importance of trade activities in the international dimension is fostered by the globalization processes of the world economy. According to the latest CSO data on foreign trade for the period January-November 2020, the value of Read More

In Poland the monthly gross minimum wage is determined and the monthly gross national average wage is calculated. The minimum wage is set annually and increases gradually. Currently it amounts to 2800 PLN gross. The average gross national wage is an indicator calculated by the Central Statistical Office and applies Read More

The Polish economy is a mixed economy. This means that it consists of a public sector and a private sector that share in solving economic problems. In 2018, industry (25%), trade (17.6%), construction (7.7%) and transport (7.1%) were the largest contributors to the value added of the Polish economy. Read Read More

Unemployment in Poland is counted using two indicators. In the case of the Central Statistical Office (GUS), data on the number of unemployed is obtained from county labor offices. After adding them up, the ratio of people registered in labor offices to the entire economically active population is calculated. Thus, Read More

Notification of a foreign Social Insurance Institution (ZUS) payer is necessary when you are a foreign employer and are obligated to pay contributions to the Polish system. It is also necessary if you are an employee who, on the basis of an appropriate agreement, took over the duties of the Read More