Do Your Homework First and Starting Business in Poland is Easier

Taxation in Poland
Fact box

Personal income tax (PIT) — 18% or 32%

Corporate income tax (CIT) — 19%

An individual pays tax on their income as a wage earner or as a self-employed person. In the latter they can opt for a 19% rate.

The tax for an individual who meets the criteria of a permanent resident in Poland will be calculated on their income in Poland and abroad.

A foreign resident who is employed in Poland pays tax only on their income earned in Poland.

An individual is a Polish resident if the centre of their life is in Poland, or if they reside in Poland more than 183 days in a fiscal year.

An employer is obliged to deduct the tax payable on an employee's salary, immediately on a monthly basis.

A self-employed person must prepay income tax that will be offset against a filed annual tax return.

A company is a Polish resident if it is registered in Poland, or manages its activities in Poland.

Social security payments include disability insurance, sickness and accident insurance. The part paid by the employer is between 19.48% and 22.14% The employee pays 13.71%. Social security payments are subject to a ceiling.

In general, there is no special tax rate for capital gains in Poland.

Capital gains are usually added to the regular income of an individual/company and based on the normal tax rates.

Despite this, if real estate is sold by an individual more than five years after it was purchased, the capital gain is exempt from tax. Sale within five years from the date of purchase is taxed at 19%.

An individual's capital gain from a sale of shares is taxed at a final tax rate of 19%.

In Poland dividends and interest income for individuals is taxed at 19% rate.

The tax year in Poland is the calendar year ending on December 31st.
source: BSS

New VAT forms that companies submit to the tax office and an updated list of products and services with a lower VAT rate are only a few of the procedures that have resulted from the Ministry of Finance’s five recent decrees. In July 2016, the Parliament approved new amendments to the VAT law in order to reduce informal economy. The Ministry of Justice plans on fighting the informal sector even further with terms of imprisonment for up to 25 years for tax fraud. Provisions against tax evasion have recently been introduced.  

Krzysztof  Wiśniewski, a tax advisor and a lawyer at Łodź-based Business Support Solution (BSS), says the provision is a tool that has been used across Europe and also in Poland before, so it should not be regarded as a new solution. 

“However, the new regulations include a number of unclear expressions in their definitions of the circumstances where certain forbidden activities could be carried out. This may lead to different interpretations of the law, in its every day implementation. Bearing in mind that taxpayers often complain about the tax office’s interpretation of the law, it is quite likely that the regulations will be misused, at least in the initial stages,” adds BSS’s Mr Wiśniewski.

Constant change

It is these multiple interpretations of the same law and the frequency with which it is amended that is a challenge for small and medium sized companies, both domestic and foreign, that operate in Poland.

Łódź (courtesy of the City Hall, photographer Sebastian Glapiński
Łódź (courtesy of the City Hall, photographer Sebastian Glapiński

“Since 2008, there have been more than three amendments to the Polish law on personal income tax; more than two amendments to corporate income tax and on average another two amendments to VAT each year. In addition to this, new taxes, specifically: a tax on the mining sector, a retail tax and a financial sector levy have been introduced or will be implemented soon,” wrote Grzegorz Poniatowski, Director of Fiscal Policy Studies at the Centre for Social and Economic Research (CASE) in a recent editorial for Emerging Europe.

In Pwc’s Paying Taxes 2016, with the total tax rate of 40.3 per cent, Poland ranked 58th, lower than Romania but higher than the Czech Republic and Hungary.

“Whilst in general the taxation rules in Poland are broadly similar to the UK, there are some major differences in the procedures and processes for both VAT and corporation tax in particular. The processes around VAT seem to be a bit more complicated than within the UK and particularly with respect to VAT refunds and VAT inspections. The processes around corporation tax and payments on a monthly basis are very different to the UK and they need to be understood before setting up a business,” says Brian Deehan, Finance Director at Baltex (W. Ball & Son Ltd), a leader in the British technical textiles sector and the UK’s leading producer of weft and warp knitted fabrics, which has been operating in Poland for over five years.

Michael Dembinski, Chief Adviser at the British-Polish Chamber of Commerce (BPCC), said in an interview with Emerging Europe, that British SMEs can find starting a business in Poland more complicated than in the UK. “I have heard from many British entrepreneurs that it was not a question of their money; it was a question of their time. They’d done the business plan and it looked great on Excel but when they confronted the reality of meeting the mayor, or the surveyor, or some other functionary, they decided they could set up three businesses in Ireland or Singapore in the same time it took to set one up in Poland. It is much easier to do business in the UK and water will always flow downhill,” he says.

A seal of approval

Baltex’s Mr Deehan says his company has had a very positive experience of doing business in Poland, in general. 

“Our Polish operation is an integral part of our business and with the outcome of the recent UK EU Referendum, our footprint in Poland will play an even more important role for our company in the years to come.  However, it is fair to say that we have faced some challenges and difficulties across a number of specific areas which new companies, wishing to do business within Poland, should take into account and plan for,” he told Emerging Europe.

GDANSK POLAND - APRIL 01: People visitors Long Street on April 1 2014 in Gdansk Poland. Street is one of the most notable tourist attractions of the city.
Gdańsk (source BigStockPhotos)

Stella Donoghue, Managing Director of Phlexglobal Ltd, says that some of the challenges to businesses are tax and accounting requirements as well as the need to have accounts in Polish currency. “I would also add to that the procedures for setting up a company, including having a notary sign all documents,” Ms Donoghue says. Her company is a specialist provider of technology-enabled Trial Master File (TMF & eTMF) document management solutions and other support services to the global clinical research market, also operating in Lublin.

“We have had to provide many letters of authorisation, stamped with the company seal and signed by directors in order for some our Polish employees to undertake basic transaction and contracts, for example things such as contracts with freight companies, internet providers, mobile phone providers, IT support contracts, car hire and  car registration etc. This is very time consuming and requires the original documents to be couriered each time. Maybe an extension of the powers of attorney authorisation might be something we could look at in future, to make this more efficient,” says Mr Deehan.

The company registration process is being improved and shortened. According to the District Court in Gdańsk, the average time needed to register a limited company in the Tricity is between three to seven working days. “That period can even be shortened to one day if entrepreneurs use the form available on the court’s website when making an agreement between the shareholders or composing a memorandum of incorporation,” says Justice Rafał Terlecki, Deputy President of the District Court in Gdańsk.

Make your own blueprint

Wiktor Doktór, CEO of Pro Progressio, an organisation that supports the growth of entrepreneurship in Poland with a special focus on the modern business services’ sector, says it is very important, especially for a foreign company, to define what kind of activities they want to undertake, at the very beginning, as some of them require different laws and operational regulations for example in the insurance, banking, food or medical sectors. 

“If you are a producer of certain goods or a supplier of services; here comes the other question: do you want to open a new company in Poland or a branch of international business. The answer to this question is important as different financial regulations apply,” Mr Doktór adds.

For representatives of foreign companies operating in Poland, finding employees can be challenging.

“Dealing with HR and employment regulations is time-consuming, particularly the requirement for employees to have a medical before they start work,” says Ms Donoghue.

Olsztyn (source BigStockPhotos)
Olsztyn (source BigStockPhotos)

For Mr Deehan, one particular difference between the UK and Poland when it comes to wages and salary relates to the negotiation of rates.

“We understand there is a significant difference in tax rates and social security rates in Poland as averse to the UK, but we found it challenging in so far as when we discussed rates with new employees or existing employees the focus was always on ‘net wages/salaries’. This means employers need to understand the taxation rates better than they would in the UK. Another aspect that is different relates to changing job roles and wage rates. In the UK companies can amend these areas relatively easily together with their employees by means of an internal letter, signed by both parties. I understand that under Polish Labour Laws there are some further requirements if one wants to do this in Poland,” Baltex’s Mr Deehan tells Emerging Europe.

Banking on financials

BPCC’s Mr Dembinski says Polish companies entering the UK market emphasise that it is laughably easy to set up a business, to employ people, to pay taxes and to get business premises. “The one difficulty they complain about is opening a bank account,” he adds. 

Opening an account in a Polish bank might not be a difficult task for domestic entrepreneurs but it is not the same story for foreigners. For example, Mr Deehan has had mixed experiences in respect of banking services for their Polish operation. 

“At the outset it took several months to get a Polish złoty bank account opened; that was a much longer period of time than we had anticipated. Furthermore, the first bank we used to open an account could only provide internet banking facilities in Polish and not in English, which was challenging. We also found the process of setting up basic banking facilities such as debit and credit cards very time consuming and it required several visits and lots of form filling. When making payments to suppliers in Poland, from the UK, we often had difficulties with bank charges for the beneficiary. When we make payments to suppliers from UK to other parts of Europe we pay the ‘senders’ bank charges’ and have also ability to pay ‘beneficiary charges’ if required. This option does not seem to be open to us when we pay Polish suppliers, from the UK, and has caused us some problems,” Mr Deehan explains.

The situation is improving and increasingly more banks, such as ING Bank Śląski, Bank Zachodni WBK, and PKO BP, offer their services for non-residents also, or companies with no office in Poland. 

Dariusz Dzwonnik, Director at the Office of Deposit and Transaction Products for SMEs at PKO BP, confirms that non-residents can open two types of business accounts, depending on their size. “Foreign entrepreneurs can set up a business account through a consulate or through an agent based in Poland,” he adds.

Wrocław (source BigStockPhotos)
Wrocław (source BigStockPhotos)

A free bit of advice

Pro Progressio’s Mr Doktór says it is crucial to conduct a thorough market research regarding prospective locations for the business before entering the Polish market and this includes available grants and public aid, especially in special economic zones (SEZs).

“Foreign companies usually know only a few Polish cities, and the truth is that there is business potential also available in other locations, which makes the list of good locations much larger. Other actions which are important for a business are: learning about the cost of running a business, recruitment, understanding the differences between gross and net salaries, becoming familiar with transfer pricing regulations, understanding the security of personal data regulations and selecting providers who will be helpful, not only at the beginning of starting a business but also during the regular operations phase,” he adds. 

Tomas Maciejak, CEO at Business Support Solutions, agrees with Mr Doktór that the key challenge seems to be the right analysis and preparation before making any step to set up your business in Poland. “The country is part of the EU and as such gives a lot of opportunities for foreign entrepreneurs. On the one hand, Poland has to be perceived by natural barriers like legal corporate bureaucracy, complicated and complex tax system based on exceptions and interpretations, restrictive migration policy but in exchange offers 38 million consumers market, dynamically growing economy, attractive labour cost, educated talent pool, several decent location to invest money, support from EU and local founds,” he adds.

Kerry Hallard, CEO of the National Outsourcing Association (NOA) in the UK and director of the European Outsourcing Association (EOA), says that outsourcing can be a viable solution for such businesses as it can provide a more cost-effective and accessible route to the market in the short to medium term. 

“We sought advice from a large accountancy firm in the UK before starting out on our Polish project and we found the level of advice was not sufficient,” says Mr Deehan.

“Make good use of established service providers in Poland. Do not try to do it all yourself. Choose your location and then spend time developing your network within that city,” Ms Donoghue advices.

POZNAN, POLAND - AUGUST 21: The central square, Currently, Old Market is the center of tourism Pozna
Poznań (source BigStockPhotos)

Test and learn

“Partnering with sourcing suppliers in countries such as Poland means you will have immediate access to the required skills; be it languages, IT, administration services or management; all of whom are increasingly well-educated. Additionally, the resource pool is typically scalable, allowing buyers to ‘test and learn’ without being locked into long-term commitments and heavy financial investments,” Ms Hallard says.

She adds that established local providers also have an inherent understanding of legal and/or regulatory considerations about everything from employment law to procurement practices, plus knowledge of any cultural nuances that might not have been picked up by the large corporate consultancies. 

“In addition, nowadays, sourcing providers are more likely to share the risk with their buyers; with outcome based contracts being negotiated as opposed to full-time equivalent (FTE) models — so, if you are partnering with an established provider that is also vested in your ongoing success, the route to market should be easier to navigate,” says Ms Hallard.

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Romanian Inflation Hits Four-Year High

supermarket, prices, inflation

Deloitte Upsizes Its Emerging Europe Cyber Intelligence Team

Computer security concept. Virus in program code

Nadiya Savchenko: I Dream of a Great Ukraine

Panorama of the top part of the Andrew's Descent from Castle Hill in springtime in Kiev Ukraine.

Czech Election Result Could Delay Euro Adoption Until 2025

czech banknotes nominal value two and five thousand crowns on white background. 300 000 Kc is approximately 12 450 US dollars (USD) or 11 100 Euro (EUR)

Czech Real Estate Market Is Top CEE Performer

Prague skyscrapers in blue hour with purple sky. Modern building architecture after sunset. Office center in capital city. Czech republic lighting buildings.

Romania’s PM Resigns

BUCHAREST ROMANIA - June 29 2017: Romanian Prime Minister Mihai Tudose during a swearing-in ceremony at Cotroceni palace in Bucharest capital of Romania June 29 2017.

Estcoin: Estonia’s Own Digital Currency?

1 euro coin money (EUR) currency of European Union Estonia over blue background

ICT Growth Continues to Boost Bosnian Economy

ict, it

What Went Wrong in Ukraine – And When?

Emerging Europe Internet Speeds: Could Do Better

3d rendering internet speed meter close up

CEE Lags in Business Connectivity

ANIS romanian ICT

Shared Service Centres Offering Smaller Polish Cities a Brighter Economy

Larisa Manastirli: Where is Bulgaria After Ten Years in the EU?

CEE Must Improve Infrastructure and Logistics

Aerial view of Gliwice Sosnica motorway junction. There are international traffic in four directions

Albania’s Economy Booms Despite Political Infighting

Panorama view to the city Tirana Albania

Slovenia Sets Green Vehicle Deadline of 2030

ljubljana

Romanian Car Maker Dacia Sees Sales Boom

Sables d Olonne France - May 07 2017 : Dacia Tour 2017 is a commercial operation organized by the car builder in order to present its cars throughout France - Close-up on cars

Emerging Europe to Record Positive Growth Across the Board in 2018

coins growth

Fitch And the World Bank: Economic Growth To Remain Solid Within CEE In 2016

Lithuanian Grocery Giant Maxima Set For Polish Expansion

maxima

The End of Poland’s Shale Gas Eldorado

Visegrad Group Looks East

EBRD Transition Report Highlights Financial Sector Resilience

Baku

CEE Governments Still Can’t Resist Tampering with Legislation

legislation

Georgian PM Reshapes and Reshuffles Cabinet

Giorgi Kvirikashvili

Belarus Steps Up Liberalisation of Business

belarus

Romania’s Budget Deficit ‘Should Start Alarm Bells Ringing’

BUCHAREST ROMANIA - June 29 2017: Romanian Prime Minister Mihai Tudose during a swearing-in ceremony at Cotroceni palace in Bucharest capital of Romania June 29 2017.

China-Georgia FTA Takes Effect

TBILISI GEORGIA - SEPTEMBER 28: Top view of Tbilisi downtown Georgia on September 28 2016. Tbilisi is a capital and largest city of Georgia.

Slovenia: An Optimistic, Export-Led Economy with First-World Problems

Big cranes in port of Koper in Slovenia

Georgia’s Great Potential

The highland agriculture lands in Gudauri with the herd of sheep grazing here Georgia.

Still Potential for Growth in CEE as Economies Stabilise

Kraków: Officially Emerging Europe’s Most Elegant City

Krakow. Image of Krakow Market square, Poland during sunrise.

UK Economic Growth Slows as Brexit Uncertainty Bites

flags of UK and EU combined over icons of London - Brexit concept

Lithuania Wants to Bring Home its Skilled Workers

VILNIUS - FEBRUARY 25: Many people choose books at the indoor book

Romanian Opposition Unites Against ‘Crime Syndicate’ Government

Why the Baltic States Should Reject the Nanny State

man smoking a cigarette Cigarette smoking Cigarette with smoke

Czech Republic Raises Interest Rates

czech koruna

Economic Confidence Rises Across Eurozone

EU Membership and Transition into Market Economies Have Helped CEE Achieve Social Progress

Outsourcing Sector Driving CEE Office & Graduate Demand

wroclaw office

Lithuania Set to Streamline Competition Legislation

Industrial dock with cranes on the quay

Georgia to Develop Rural Fibre-Optic Network

Young man working on his laptop connect to wireless internet in rural area. Internet connection allows people to work anywhere from laptop. Notebook and nature background. Wireless technology concept.

EU to Fund New Poland-Slovakia Gas Pipeline

slovakia-poland gas pipeline

Budapest and Warsaw: Marriage of Convenience or Union of Values?

CEE Boosted by Positive Tourism Trends Across the Region

cruise ship in Kotor Bay Montenegro. Aerial view panorama. Kotor bay Montenegro.

e-Estonia: Believe the Hype

World Bank’s Doing Business Report 2016 Resume For Emerging Europe

Romania is Haemorrhaging Doctors

Friendly female doctor hands holding patient hand sitting at the desk for encouragement, empathy, cheering and support while medical examination. Bad news lessening, compassion, trust and ethics concept

Growth Continues for State-Owned Azerbaijan Airlines

Azerbaijan Baku - September 16 2015: View of the Heydar Aliyev International Airport sign in Baku Azerbaijan. The airport is the home of Azerbaijan Airlines the national flag carrier.

Czechs Hold Emerging Europe’s Most Powerful Passport

Assaults on the Judiciary: How CEE Governments Are Trying to Restrict Judicial Independence, and Why It’s Not Working… For Now

poland romania justice system

CEE Playing Catch Up on R&D Spending

science, r&d

World Bank: Western Balkans Need to Speed Up Growth For Faster Convergence

world bank

Albania’s Economy Not Benefiting From Largest Oil Reserves in Region

Go East

Emerging Europe Back on Track to Convergence

wiiw

Poland’s Flying Circus

airport poland

Polish Labour Market Deficits Are Impacting All

Construction site with crane and building. Construction site in western europe - in Poland.

Japanese PM Announces Western Balkans EU Initiative

TOKYO JAPAN - Apr 06 2016: Japanese Prime Minister Shinzo Abe during his meeting with President of Ukraine Petro Poroshenko in Tokyo

Azerbaijan Showcases ICT Potential

BAKU AZERBAIJAN - SEPTEMBER 25: People goes by the seafront of Baku on September 25 2016. Baku is a capital and largest city of Azerbaijan.

Romania Cuts Income Tax, Introduces Solidarity Tax

CLUJ NAPOKA ROMANIA - OCT 2 2016: People on the central street of Cluj Napoka - the unofficial capital of Transylvania.

Investors Eye Opportunities in Emerging European Infrastructure

infrastructure

PandaDoc — Rolling Sales Procedures Together So Everyone Succeeds

IMF Urges Croatia to Speed Up Reform

croatia

Poznań is Becoming an Automotive, IT and BPO Hub

Night view of Poznan Old Market Square in western Poland. Panoramic montage from 5 HDR images

Slovakia: Growth Continues But Problems Remain

Czech Land Prices Continue to Increase

farm land

EU Triggers Article 7 Against Poland

CRACOW POLAND - JULY 23 2017: Another day in Cracow thousands of people protest against violation the constitutional law in Poland. Defense of the triad of division of power free election and independence of the highest court in Poland

GE Inaugurates Its New Bucharest Software Centre

Asian Outsource Developer Team Sitting At Desk Working Laptop Computer Mobile Application Software Real Office

Air Passenger Volumes Reach Record High in the Baltics

airbaltic

Belarus Is One of the Top Outsourcing Destinations of 2016

Romania Warned Again by European Council Over Budget Deficit

romania finance ministry

Belarus’ Economy Is Slowly Recovering From Past Declines

Slovenia: Emerging Europe’s Hidden Giant

ljubljana slovenia

Does the Sceptre of Separatism Haunt Emerging Europe?

Szekely Land Flag

Michael: The Last King of Romania

Poland Fails to Spend Billions of Euros in EU Funds

euro banknotes

Banca Transilvania Concludes Moldovan Deal

banca transilvania

Ukraine’s Finance Ministry Wants Urgent Tax Reform

Estonia Leading CEE Country in WEF Competitiveness Index

pharmaceutical factory woman worker operating production line at pharmacy industry manufacture factory

Belarusian Tech Companies Lead a Global Technological Advance in Outsourcing and Product Development

Is Prague the New Face of Overtourism?

prague tourists

Mixed Results for Emerging Europe in Legatum Prosperity Index

prosperity

Romanian President Appoints Country’s First Female PM

viorica dancila prime minister of romania

Košice Business Matchmaking Event Brings in Hungarians

kosice, slovakia

Lviv Is the Pearl and the Soul of Ukraine

Retail Rents Rise Across Emerging Europe

Na Prikope Prague

Georgia Leads Emerging Europe in Ease of Doing Business Report

Polish Convenience Store Sector Booms

Latvia Urged Not to Increase Expenditure As Economy Grows

Riga, Latvia - August, 2010: Panorama view from Riga cathedral on old town of Riga, Latvia

Visegrád Divided

visegrad

Polish Enterprise Salaries Climb Steeply

Money of National Bank of Poland. Polish zloty banknote on red velvet background; Macro photo; Depth of field

OECD: Tightening Labour Markets Sustain Growth in Emerging Europe

workers, employment

Lviv Region in Double Logistics Boost

goods train logistics

EY: Belarus’ IT Scene Is Thriving

High tech park minsk

Skiing in Emerging Europe

gudauri ski georgia

Georgia’s Growth Continues

Batumi, Adjara, Georgia - May 27, 2016: Batumi, Adjara, Georgia. Gogebashvili Street Road And Marine Station Or Maritime Station Building Batumi On Background

Bulgarian Capital Pulls Above Its Weight

sofia

Estonia Proposes Bill of Rights and Responsibilities for Robots

Robotic hand accessing on laptop the virtual world of information. Concept of artificial intelligence and replacement of humans by machines.

Ukraine Is Offering Europe Unique Combat and Technological Experience

Emerging Europe Live: CEE — The Outsourcing Destination

Poland — Overcoming Old Ways to Become a Modern Business Location

Kraków Is Growing Into a Green and Liveable Working and Living Place

krakow emerging europe mipim

Mayor: Armenia And Its Capital Yerevan Offer Safe Investment And Tourism To a Growing World

Putin Urges Belarus to End Oil Transit Through Lithuania

Athens Greece - May 27 2016: Russian President Vladimir Putin delivers

TV Still a Star for CME

Serbia Drafts New Competition Law

serbia belgrade flag

IFC Invests 30 Million Euros in Ukrainian Packaging Firm

IMMER Ukrplastic

Hungary’s Solar Dreamer

hand sun and blue sky with copyspace showing freedom or solar power concept

HTP: Belarus’ Engineers Are Leading a Cool Revolution

Ex-Banker to Become Poland’s Next Prime Minister

A Risky Evaluation of Croatia’s Economy?

ZAGREB, CROATIA - JULY 17, 2017: Square Ban Josip Jelacic with tourists and trams on a summer day in Zagreb. City of Zagreb is the capital of Croatia.

Fish in the Bath and Other Christmas Traditions

Christmas Market On The Dome Square With Riga Dome Cathedral In Riga, Latvia. Christmas Tree And Trading Houses With Sale Of Christmas Gifts, Sweets And Mulled Wine. Famous Landmark.

Georgian Wine Posts Record Results

Glass of wine at tasting area of annual city festival Tbilisoba with crowd of people around. Tbilisi, the capital of Georgia country

World Bank: Brexit Hides Greater Challenges to the European Union and the CEE Region

Growing Rzeszów

Rynek Glowny in Rzeszow. Rzeszow Podkarpackie Poland.

Non-Financial Reporting No Longer a Secondary Consideration in CEE

What Next For The Sourcing Industry?

Tom Quigley director of outsourcing emerging europe editorial

How to Prepare an Organisation Before Deciding to Outsource

rockwool

Poland Is Set To Become a Large Economic Zone

Aerial view over the building materials processing factory. View from above.

Estonia Posts EU’s Highest Inflation Rate in November

Rising food and grocery store prices is estonia and cost of living concept. Man counting food and consumer goods money with pen, paper and calculator at home. Budget of disadvantaged and low income family.

Moldova Launches New e-Procurement System In Search For Positive Change

Photo team work process, holding contract hand, signs documents. Account managers young crew works with startup project.New idea presentation, analyze marketing reports.Blurred, film effect, horizontal.

EU May Offer Georgia, Moldova and Ukraine Customs Union and Schengen Access

schengen

Czech PM Loses Confidence Vote

andrej Babiš

Toyota Announces 400 Million Zloty Polish Investment

toyota

Warsaw City Guide: 48 Hours in Poland’s Reborn Capital

WARSAW POLAND - DECEMBER 28 2016: Downtown Warsaw Financial center in Warsaw Poland. Warsaw is one of the most economical successful capital in Europe in last few years.

New Start-Up and Innovation Report Names Estonia and Slovenia as Market Leaders

Tallin, Estonia - July 06,2017: Scenic view of the modern part of the city of Tallin, Estonia

Chris Lowney — What Jesuit Spirituality Can Teach Us About Global Leadership

Tech Giant Expands Romanian Operations

Bad Payers Still Causing Problems for Romanian Firms

Close up Romanian currency note, LEI or LEU, Romania

Investment in Croatia’s Regions Key to Further Development

CAKOVEC, CROATIA - JULY 02: Parish Church of Saint Nicholas in Cakovec, Croatia, on July 02, 2016.

Cabinet Reshuffle In Poland Sees Controversial Ministers Axed

Budapest’s Property Boom Goes Nationwide

building
  1. Hard to see Poland as a good place to start an online business when nearby Hungary has much lower corporate and income tax rates and comparable cost of living. The air quality in Polish cities is also very poor in Winter.

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