Locked content Tax fraud group caught, PLN 700 mln in losses

A group of tax evaders was taken into custody thanks to joint efforts of Polish and Slovak police and tax inspectors, Puls Biznesu daily reported citing Poland’s Ministry of Finance. The group has been operating in Poland, the Czech Republic and Slovakia since 2009. They managed to issue aroun...

Locked content MF sells bonds worth PLN 5 billion

The Ministry of Finance sold around PLN 5.0 billion worth of 2017-2020 treasury bonds at the main tender, the ministry informed on Thursday. The demand was valued at PLN 9.23 billion in total. The ministry sold OK01717 bonds worth PLN 1.345 billion maturing in July 2017 with a profitability rate of ...

Locked content Gov’t may create separate tax office for large taxpayers

The Ministry of Finance is considering establishing a special tax office to provide services for large taxpayers like tax institutions or petrochemical companies, Puls Biznesu daily reported citing deputy Minister of Economy Jacek Kapica. The new office would be designed to serve firms with an annua...

Locked content Watchdog to prepare Polish bank ranking

The Office of Competition and Consumer Protection (UOKiK) and the Polish Financial Supervision Authority (KNF) will publish a list of leaders among lenders which provide consumer-friendly solutions for borrowers with foreign exchange loans, the Minister of Finance, Mateusz Szczurek, announced. ̶...

Locked content Puls Biznesu: Radziwiłł to represent government support for Ukraine

Poland’s Deputy Minister of Finance Artur Radziwiłł is to be appointed the government plenipotentiary for supporting reforms in Ukraine, Puls Biznesu daily reported. At the press conference on Tuesday, Prime Minister Ewa Kopacz announced that the plenipotentiary would be selected from the office sta...

Locked content IMF reduces Poland’s credit line

The Ministry of Finance and the National Bank of Poland (Narodowy Bank Polski) have asked the IMF to reduce its flexible credit line (FCL) from $33.8 billion to $25 billion. The offer was initially accepted, according to Polish daily Puls Biznesu. The credit line is at Poland’s disposal since ...

Locked content Ministry of Finance issuing 7-year CHF t-bonds

The Ministry of Finance is selling PLN 500 million worth of CHF-denominated 7-year treasury bonds, said a Bloomberg release, claiming to have overheard from market sources. Treasury bond prices are at a record low currently. The Polish t-bonds on offer are to mature in April of 2021. The unspecified...

Locked content ZUS: 1.7 mln OFE re-applicants

The wild rush this Thursday to re-apply to the OFE private pension funds resulted in 1 million 577 thousand applications. A further 100-150 thousand is expected to arrive via post, claimed Social Insurance Office (ZUS) president Zbigniew Derdziuk. TVN24 BiŚ reported that ZUS serviced 200,000 applica...

Locked content Poland sells bonds worth PLN 2.4 bln

Poland’s Finance Ministry sold treasury bonds maturing in 2025 worth PLN 2,419 million at an auction on Thursday, according to a news release quoted by ISBnews. It did not sell bonds maturing in 2028. The ministry sold DS0725 series bonds. The offer was originally set at between PLN 1-3 billion. Tot...