Locked content Polish Finance Minister comments on Moody’s decision

Polish Finance Minister Paweł Szałamacha has commented on rating agency Moody’s maintaining Poland’s long-term foreign debt grade at A2 and changing the outlook from stable to negative. “Moody’s rating for Poland is considered to be objective and acceptable. I would question ...

Locked content Poland to receive PLN 27.7 bln from new tax regulations

According to a draft bill sent by the Finance Ministry to the PM’s chancellery, Poland expects to receive PLN 27.7 billion in the coming 10 years due to new fuel trade tax regulations and additional VAT. The ministry states that currently, Poland loses PLN 2.5-5.0 billion annually on account o...

Locked content MF sold bonds worth PLN 4.7 billion

The Ministry of Finance has sold wholesale OK1018 and DS0726 series bonds valued at PLN 4.7 billion with PLN 7.1 billion demand, a statement read. OK1018 series bonds have been sold for PLN 1.77 billion (with PLN 3 billion demand), maturing in October 2018. The minimum price was PLN 960. DS0726 seri...

Locked content MF will sell bonds worth PLN 2.5-4.5 bln

The Ministry of Finance will sell OK1018 and DS0726 series bonds maturing in 2018 and 2026, whose total value amounts to PLN 2.5-4.5 billion on May 5, the Ministry of Finance announced. On May 25, the Ministry plans to sell bonds, whose type will depend on “the market situation,” with a ...

Locked content MF sold bonds worth PLN 8.3 bln

The Ministry of Finance has sold wholesale WZ0120, PS0721 and WZ0126 series bonds valued at PLN 8.25 billion with PLN 12.4 billion demand, a statement read. WZ0120 series bonds have been sold for PLN 1.49 billion (with PLN 3.37 billion demand), maturing in January 2021. The minimum price was PLN 993...

Locked content Public debt up by 1.2%

The state public debt of Poland grew by 1.2 percent month-on-month to PLN 857.8 billion in February 2016, according to data from the Ministry of Finance. In February 2016, domestic debt amounted to PLN 563.2 billion and grew by 4.9 percent m/m from PLN 537.1 billion. Foreign debt fell by 5.1 percent...

Locked content FinMin to sell bonds worth PLN 5-8 billion

The Ministry of Finance will sell WZ0120/PS0721/WZ0126 bonds maturing in 2020, 2021 and 2026 worth PLN 5-8 billion at a tender on Thursday, the ministry announced. On April 7, Poland sold OK1018 and DS0726 series bonds valued at PLN 6.07 billion. Poland’s borrowing needs for this year were satisfied...

Locked content Government: The final proposal of retail tax in 2-3 weeks

“Poland’s Finance Minister will present the final proposal of the retail tax within two-three weeks,” government spokesperson Rafal Bochenek told reporters in parliament on Thursday. According to the head of the cabinet’s standing committee Henryk Kowalczyk, the introduction ...

Locked content MF selects 5 banks to issue 20-year Eurobonds

Banks Citi, HSBC, ING, Societe Generale and UniCredit were chosen by the Ministry of Finance to conduct the issue of bonds denominated in euros which will mature in 20 years. The transaction is expected to be undertaken in the nearest future, the ministry said. “The Ministry of Finance informs...