Morawiecki speaks about mortgage loan refinancing plans

Poland’s Minister of Finance and Development Mateusz Morawiecki, said on Saturday that he had hope that private banks would agree with the Financial Stability Committee’s (the KSF) recommendation. On Friday, KSF representatives had met with the Deputy Minister of Finance, Leszek Skiba, to discuss th...

Morawiecki: bank tax will continue

Poland’s Minister of Finance and Development, Mateusz Morawiecki, said that the tax imposed on private banks in 2016 was good and will continue, in some form, in 2017. He was speaking in an interview with TV station Polsat. “[The tax] is needed, and in 2016 [it] had a moderate impact on the economy,...

Morawiecki hopeful on growth figures

GDP growth in 2016 may be lower than expected, but according to Deputy Prime Minister and Minister of Finance Mateusz Morawiecki, there have not been negative consequences for the budget. Morawiecki was speaking in an interview with Polish radio on Tuesday. “The growth in 2016 may be slightly ...

Locked content Morawiecki: private investment should rebound by Q3, 2017

Poland’s Finance and Development Minister, Mateusz Morawiecki, indicated that he expects investment to pick up later in 2017, in line with GDP and exports, according to a report in the Polish press on Friday. He added that the disappointing growth figures during recent months were caused by economic...

Locked content Morawiecki: We won’t intervene on currency markets

Deputy PM Mateusz Morawiecki said that the Finance Ministry won’t be intervening on the currency markets after the złoty lost ground against major currencies on Monday following the results of the Italian referendum, which could eventually lead to Italy leaving the euro zone. “The złoty is a liquid ...

Locked content BZ WBK announces new CEO

Michał Gajewski became chairman of Bank Zachodni WBK, according to reports in the Polish press on Tuesday. He had been acting as a temporary president since May. Gajewski is a lawyer by training, and completed graduate studies abroad, including at Chicago’s Northwestern University and London Busines...

Morawiecki: tax-free income “will be costly”

Minister of Finance and Development Mateusz Morawiecki acknowledged that the government’s planned income tax exemption of PLN 6,600 will be expensive, but at the same time has defended the move, according to reports in the Polish press on Monday. “The cost of the planned changes in the amount of tax...

Government announces it will implement tax free exemption

Finance Minister Mateusz Morawiecki announced on Friday that the amount of tax-free income earners could declare annually would be raised to PLN 6,600 and would free more of Poland’s lowest-income earners from having to pay tax, according to the Polish press. Prior to 2016, earners could declare jus...

Locked content Morawiecki announces shuffling of PZU, Grupa Azoty

Minister of Finance and Development, Mateusz Morawiecki, stated that Poland’s largest chemical company, as well as its largest public insurer, will move from the Treasury to be placed under the supervision of the Ministry of Development, the Polish press reported on Friday morning. The minister also...