MF sells PLN 5 bln worth of bonds. Debt needs financed at 43%

The Ministry of Finance sold PLN 5 billion worth of bonds on auction. The five series will mature in 2020, 2022,2023, and 2028 (two series). Investor interest was at PLN 8.65 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 43 percent.

Locked content FinMin sells PLN 8 bln in 2, 5, 10 and 30-year bonds

The Finance Ministry sold PLN 8 billion worth of bonds, with demand at PLN 11.78 billion. Over 50% of all the securities sold were 10-year bonds, with Bid-to-Cover ratio of 1.92 for the WZ0126 series, and at 1.19 for the DS0727 series. 26 percent of the securities were five-year bonds, 16 percent we...

Locked content FinMin to centralize its IT resources

The Finance Ministry is planning on creating a new IT unit that will service the entire ministry, by expanding the current Finance Ministry IT Center, according to a new draft bill published by the ministry. Employees of 16 IT centers servicing individual treasury chambers as well as the National Tr...

MF sells PLN 3 billion worth of bonds

The Ministry of Finance sold PLN 3 billion worth of bonds on auction on Thursday. The five series will mature in 2019, 2022 (two issues), 2026 and 2027. Investor interest was at PLN 6.86 billion.
Mateusz Morawiecki

PM Szydło defends govt’s economic development record so far

Prime Minister Beata Szydło will meet with Deputy Prime Minister and Minister of Finance and Development Mateusz Morawiecki in order to review ongoing economic development plans. “We will talk about the tasks under the plan for the responsible development,” announced Szydło during an interview with ...

Locked content Finance Ministry: Poland will ask for FLC from IMF

Poland’s Ministry of Finance confirmed on Tuesday that it has requested a Flexible Line of Credit (FLC) from the International Monetary Fund, but emphasized that the request was simply a part of the Brussels transfer funds exit strategy and that it did not foresee having to use the money. “The...

Locked content Tax collection must improve by PLN 12 billion – dep FinMin

Poland’s tax collection must improve by roughly PLN 12 billion next year for the deficit to remain below 3 percent of GDP, the level recommended by the European Union, Reuters reported quoting an interview with Reczpospolita. “We preliminarily estimate that the gap, which must be covered...