Szałamacha: Investors judge the government positively

“The positive trend of Polish bonds and a successful government bond auction on Thursday indicate that investors are positively judging the government’s debt management,” the Minister of Finances Paweł Szałamacha said in a press conference on Thursday.

Ministry of Finance criticizes 500+ program

The Ministry of Finance published a report on Thursday in which it strongly criticized the current version of the 500 + program. It emphasizes that it does not reject the existence of the program as a whole, but that it simply desires various amendments to be made in order to make a more precise and...

Szałamacha: Banks can spread out Franc bill expenses

Minister of Finance Paweł Szałamacha said on Thursday that the banking sector may spread out any losses resulting from the Swiss Franc mortgage bill. The media have estimated that this measure may result in expenses of 30-50 billion PLN for the entire industry.

Locked content FX mortgage bill subject to change in legislative process

Presidential Minister Maciej Łopiński told the Polish Press Agency that parliament may alter the presidential proposal of restructuring FX mortgages, but there is no space to ease the burden on banks as the solution is already a “compromise”. “We don’t foresee such a possibil...

Locked content Public debt at PLN 836.81 bln in XI

The state public debt of Poland grew by 1.2 percent month-on-month to PLN 836.81 billion in November 2015, according to data from the Ministry of Finance. Since the beginning of the year, the figure grew by PLN 41.3 billion. The increase was caused by the need to finance the budget deficit (PLN 36.1...

Belka: NBP’s mandate unchanged

Marek Belka, president of the National Bank of Poland (NBP), told reporters from TVN Biś that there is no suggestion of any change for the mandate of the bank, based on talks with Minister of Finance Paweł Szałamacha and Vice-premier Mateusz Morawiecki.

MF: Higher tax exemption will ensure a more socially just state

“Raising the income tax threshold realizes the postulate of a socially just state” Minister of Finance Pawel Szałamacha commented Monday. He admitted this could result in a decrease of funds for municipal governments, but argued that this should be countered by the positive effects of th...

Locked content Ministry of Finance on FX mortgage loans draft bill

The Ministry of Finance has issued an opinion on a draft bill presented by the President, in which it says that the proposition is fair and banks may spread losses over time. The ministry also said the proposed mechanism allows the release of a part of LTV-related (loan-to-value) reserves. The presi...

Locked content MF sold PLN 2.4 bln worth treasury bills

The Ministry of Finance sold  32-weeks treasury bills for PLN 2 billion on Monday, with demand at PLN 10 billion, the ministry informed. In a supplementary tender, the ministry sold bills for PLN 400 milion, with demand at PLN 1.6 billion. The minimum price was calculated at PLN 9,915, while bills&#...