Locked content OFE reform to be put on hold – media

According to Dziennik Gazeta Prawna daily, works on the OFE pension funds reform have been suspended as Deputy PM Mateusz Morawiecki and Labor Minister Elżbieta Rafalska, couldn’t come to an agreement regarding its details. Morawiecki wanted to move 25 percent of OFE assets to the state-owned Demogr...

Locked content SKOK should remain being covered by banking sector guarantees – ...

Poland will keep banking sector guarantees for the troubled credit unions (SKOK), according to Deputy PM Mateusz Morawiecki. “I would not be in favor of such solutions,” Morawiecki said, adding that the unions are “in good shape.” His words come after banking market lobby ZBP said that credit unions...

Locked content OFE reform still at standstill

According to Deputy PM Mateusz Morawiecki, the planned OFE reform is not moving ahead as various ministries can’t reach an agreement regarding its details. “We are conducting talks with Family, Social and Labor Policy Minister Elżbieta Rafalska. There is no change to our plan, but there is also no f...

Morawiecki: exports to exceed €200 bln this year

According to deputy PM Mateusz Morawiecki, exports of Polish goods and services could exceed €200 billion for the first time this year. “After first six months of the year, exports grew by 8.4 percent y/y, reaching €99 billion. We have a chance to exceed €200 billion this year, which will be a great...

Locked content Morawiecki: JP Morgan to move some operations to Poland

Global financial institution JP Morgan Chase plans to move some of its operations to Poland, deputy PM Mateusz Morawiecki said after talking to the bank’s top executives in New York. “The operations we’ve discussed are focused mostly on support processes for the risk management, credit, and investme...

Locked content Tightening the VAT gap will bring PLN 20 bln this year – Morawie...

Thanks to measures undertaken to tighten the VAT gap, this year, the government’s revenue from VAT should increase by PLN 20 billion, according to Deputy PM Mateusz Morawiecki. He added that the tax services “restored the gravity of the state.” According to Morawiecki the extra revenue will cover th...

Morawiecki: This year’s deficit to be around 2.5% of GDP

Poland’s general government deficit be around 2.5 percent of gross domestic product this year, Deputy Prime Minister Mateusz Morawiecki said. “This budget for sure will be a very safe one. I think that the general government deficit will oscillate at around 2.5 percent, maybe a little bit more,” Mor...

Morawiecki: deficit to reach PLN 50 bln

After achieving, for the first time in history, a budget surplus (PLN 6 billion) in H1, deputy PM Mateusz Morawiecki said that for the whole year, the budget deficit would reach PLN 50 billion, “or slightly below that figure.”

Morav\wiecki: 80-83% of older workers will retire earlier

According to Deputy PM Mateusz Morawiecki, 80-83 percent of eligible workers will take an advantage of the lower retirement age coming into force on October 1. He added that according to the assumptions, this year the cost of early retirement age will amount to PLN 2.6 billion.

Locked content GDP could grow by 4% in 2017 – FinMin

GDP growth could reach as much as 4.0 percent this year, according to Development and Finance Minister Mateusz Morawiecki. He said that the figure is becoming increasingly probable given the increasing investment. “Our official forecast in 3.6 percent, perhaps 3.8 percent. We are conservative. But t...