Locked content Morawiecki hopes for soft Brexit after UK elections

Deputy PM Mateusz Morawiecki said that the outcome of the British general election will hopefully lead to a soft Brexit. “If, as a result of these elections, a government emerges that in a more common-minded and compromise manner approach brexit negotiations, i’ll be happy. Who knows, perhaps ...

Locked content Poland eyes over PLN 1 bln from metals tax in 2017

Poland expects to exceed PLN 1 billion targeted for metals tax receipts this year, finance ministry announced. The assumption is based on the revenue collected so far. Till end-April, the treasury received PLN 615.9 million from the tax, exclusively from copper and silver giant KGHM. Additionally, D...

Locked content No referendum on euro zone accession – Morawiecki

Poland does not plan on having a referendum on joining the euro zone, Deputy PM Mateusz Morawiecki said. “We’re carefully observing what’s going on in the euro zone. We already meet all necessary criteria to join the euro zone, except for the ERM2 mechanism, which by the way needs reform...

Morawiecki: OFE reform to be passed by the end of the year

Poland’s cabinet plans to adopt by end-2017 a new reform that would effectively dissolve the open pension funds (OFEs). “We expect no major changes from the point of view of the capital market,” Deputy PM Mateusz Morawiecki said. The reform should largely meet the outline presented back in July 2016...

Poland’s deficit depends on early retirment – Morawiecki

Deputy PM Mateusz Morawiecki said Polish deficit will be lower than planned PLN 59.4 billion, however its size will depend on how many people will take advantage of a lower retirement age. In the first four months, the deficit reached 1.5 percent of the yearly plan, compared to 20.5 percent last yea...

Morawiecki: Q1 GDP slightly below 4%

According to Deputy PM, Mateusz Morawiecki, Polish GDP for Q1 should easily exceed projected 3.5 percent and be slightly below 4 percent threshold. “I think we’re moving in the right direction, all economic indicators are better than we’ve expected,” Morawiecki said in an interview with ...

Locked content LNG deliveries from the US to start in 1-1.5 years – Morawiecki

The first shipment of LNG from the US, could arrive within 1-1.5 years, depty PM Mateusz Morawiecki said after his trip to the US, provided both sides agree on the price. “We want to have an alternative way of purchasing gas, but we want, at the same time, the price to be appropriate for Polish̷...

Locked content Morawiecki talks to Perry about LNG imports, Polish shale gas

Poland’s Deputy PM Mateusz Morawiecki met with the US Secretary of Energy Rick Perry to discuss the possibility of Poland importing LNG from the US. “There is willingness on the US side regarding potential LNG exports to Poland. We’re looking to increase LNG supply to our terminal in Świnoujście, wh...