Locked content Lagarde: Poland tied to the Eurozone

The head of the IMF Christine Lagarde has been quoted as saying that Poland has a lot to lose in the event the Euro zone goes into a recession, reported dziennik.pl. According to BZ WBK analyst Piotr Bielski, the latest news from the Eurozone’s economies is rather disheartening. He adds that i...

Locked content Belka: Rate cut series to be completed this year

Poland’s Monetary Policy Council should complete its series of easing before the end of this year, it’s president and head of the National Bank of Poland, Marek Belka, told Bloomberg in an interview. “Don’t expect us to postpone any possible future steps until the first or second quarter...

Locked content Poland may reduce IMF credit line

Poland’s flexible credit line (FCL) at the International Monetary Fund may be reduced by33-25 percent, Finance Minister Mateusz Szczurek told Bloomberg in an interview. The final decision on the FCL is to be made in January, he added The minister had earlier said that Poland would ask for the ...

Locked content Foreign trade deficit at €989.7 mln

Poland exported goods worth €105.8 billion (PLN 441.50 billion, $144.92 billion) in January-August of 2014, according to data published by the Central Statistical Office (GUS) on Friday. Imports stood at €106.79 billion (PLN 445.63 billion, $146.26 billion). The resulting foreign trade deficit was €...

Locked content End-year unemployment to be below 12.5%

Poland’s registered unemployment rate at the end of 2014 may fall below the 12.5 percent level that was set in the budget framework, Finance Minister Mateusz Szczurek said in parliament on Wednesday. “There is a chance that it will be lower than 12.5 percent. And this is not because of emigration, b...

PM wants investigation of MNE tax law delay

Poland’s new prime minister Ewa Kopacz has called for an investigation of organs responsible for the delay in publication of the new tax law concerning multinational enterprises. The law was to establish controlled foreign company (CFC) provisions which are to go into effect by 2016 and to set...

Locked content IMF ups Poland’s GDP growth forecast for 2014

The International Monetary Fund expects Poland’s GDP to grow by 3.2 percent in 2014, according to the latest edition of its World Economic Outlook. In the April edition of the report, the forecast was at 3.1 percent. In 2015 Poland’s GDP should grow by 3.3 percent, the IMF said. The country’s averag...

Locked content Central bank’s reserve assets at €80.3 bln

As of the end of September 2014, the National Bank of Poland’s official reserve assets stood at €80.3 billion, €2.9 billion higher than at the end of August, the NBP said. When calculated in US dollars, the reserve assets were $101.7 billion compared to $102 billion at end-August. The NBP invests fo...