Locked content Poland prolongs credit to IMF till March 2017

In August 2015 Poland prolonged a credit agreement which was given to the International Monetary Fund (IMF),  to the value of €6,27 billion until March 2017. The Ministry of Finance emphasized that the assets of this bilateral credit have not yet been paid out and will probably remain untouched in t...

Locked content EUR 1,2 mln to be spent on anti-flood infrastructure

The Poland – Odra – Vistula Flood Management Project was signed by the Ministry of Finance and representatives of the World Bank on Tuesday.  This project predicts as much as EUR 1,2 million to be spent on anti-flood infrasturucture in the Vistula and Odra regions by December 2023. The r...

Locked content Budget deficit up to August lower than expected

The budget deficit amounted to PLN 25.9 billion at the end of August 2015. It stood at 56 percent of this year’s budget deficit plan, the Ministry of Finance announced. According to the 2015 budget, the deficit was expected to total PLN 27.99 billion, or 60.7 percent of the plan. The 2015 budg...

Locked content MF: PLN 976mln from privatization in 2016

The Ministry of Finance published a budget bill for 2016, which assumes that the profit from privatization will increase up to PLN 976 million in 2016, although the estimated amount for this year was PLN 106,65 million. “Similarly to previous years, the greatest profit from privatization will ...

2016 budget draft sets gap at PLN 57.18 mln

The Ministry of Finance has prepared a draft budget for 2016, which sets the budget gap at PLN 57.18 billion, compared with PLN 46.08 billion expected in 2015, according to unofficial information by Polish daily Puls Biznesu.

Locked content FinMin: Budget to be hit by FX-loan conversion bill

The Ministry of Finance said on Friday that if the law on  CHF-mortgage conversion would be adopted in the form it was approved by the lower chamber of the parliament, it would have a negative impact of PLN 3.5 bln on CIT receipts of the Polish state budget in years 2016-2018 and of PLN 0.1…

Locked content MF: budget deficit at PLN 26.59 bln

The budget deficit amounted to PLN 26.59 billion at the end of July 2015. It stood at 57.7 percent of this year’s budget deficit plan, the Ministry of Finance announced. By the end of July budget revenues amounted to PLN 163.48 billion, or 55.5 percent of the annual plan. Budget expenditures s...

Locked content KGHM paid PLN 334.1mln mineral tax in June

Copper mining giant KGHM paid PLN 334.13 mln tax on copper and silver extraction in June, as Finance Ministry data indicated. In H1, Poland collected PLN 885.31 mln from the mineral tax. The ministry said that it targets PLN 1.45 bln in 2015 revenues from the tax. Meanwhile, Finance Minister Mateusz...