Locked content Morawiecki: OFE reform in 1-2 years

According to Deputy PM Mateusz Morawiecki, the long-planned reform of the Open Pension Funds (OFE) should be implemented within the next 1-2 years. “We want to sort of privatize OFEs, the part with equities would be transferred to Individual Pension Accounts (IKE), while corporate bonds business wou...

Locked content FinMin wants to expand SEZ to cover the entire country

Expanding Special Economic Zones to cover the entire country could speed up investments, particularly in municipalities that have thus far been neglected, said Deputy PM and Finance Minister Mateusz Morawiecki. The ministry has submitted a relevant draft bill for consultations. “We would like to sta...

Locked content PwC: VAT gap to drop to PLN 39 bln in 2017

Based on VAT collection data in H1 of the year, the VAT gap could decrease to PLN 39 billion in 2017, which equals to 2 percent of GDP, from PLN 52 billion recorded in 2016 (2.9 percent of GDP), advisory PwC calculated. PwC analysts expect VAT revenues to increase by 19 percent y/y to over…

Locked content Public finance deficit at PLN 50 bn – Morawiecki

The deficit in Poland’s public finance sector will come in at approximately PLN 50 billion this year, while the budget deficit alone should amount to “thirty-something” billion zloty, Deputy PM Mateusz Morawiecki said in an interview for TVP Info. In the budget bill for 2018, budget deficit for this...

Locked content Morawiecki still hopes for OFE reform to be launched next years

Despite earlier media reports that due to disagreements between Deputy PM Mateusz Morawiecki and Labor Minister Elżbieta Rafalska, the OFE pension fund reform will be shelved. However, Morawiecki still claims that the overhaul should take place next year. “2018 is the year when we want to launch thi...

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...