On February 21, 2023, the Ministry of Development and Technology published a draft law amending the Act on State-Guaranteed Export Insurance (UD484, hereinafter referred to as the “KUKE Act”) on the website of the Government Legislation Centre. In February, the Union of Entrepreneurs and Employers (ZPP) wrote about the announcements of new solutions, citing a statement by the President of KUKE[1], and now we know the specific proposals for amending the law…

High taxes, legal instability, and high labour costs have been the “TOP 3” barriers to doing business according to Polish entrepreneurs since 2019. Legal instability has since then become a much more severe barrier (36% of respondents in 2019, and 51% in 2023), and entrepreneurs in Poland similarly perceive barriers to the development of business activity. Ambiguous, overcomplicated, and unfavourable provisions of the law as well as extensive administrative procedures certainly make the “TOP 3”…

In January 2023, the consumer price index amounted to more than 17% year-on-year. This is in fact a very high inflation level; one that raises concerns with regard to inflation in the long term (I shall elaborate on that matter separately). This concern is further exacerbated by the fact that price increases in the euro area have clearly slowed down, whereas in Poland there are no signs of such trend. It seems, however, that in spite of negative signals, one should expect disinflation in the short term – judging from the seasonal price dynamics and a number of other factors…