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...
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Gov’t to create “super IT firm”

The Ministry of Finance is planning to establish a sort of super IT company which will be authorized to carry out the digitalization of the tax control system, Rzeczpospolita daily reported.

Locked content MF sells bonds

The Ministry of Finance has sold treasury bonds valued at PLN 4.555 billion, while the demand stood at PLN 7.24 billion in total, a statement by the ministry read. The Ministry sold PSO421 series bonds maturing in April 2021. The minimal price was PLN 981. The ministry also informed that is is not g...

Locked content PiS to lower tax on insurers

The ruling party PiS has proposed an alteration to the tax on insurers by lowering the tax rate to 0.39 percent from the initial 0.5 percent and to set a threshold at PLN 2 billion instead of PLN 4 billion, PiS MPs suggested during works in the public finance commission. Poland will tax banks’...