Locked content OFE reform postponed to mid-2018

According to the government officials, the planned OFE reform could be implemented next July, instead of January 1, 2018, as it was planned. “It is a very complex reform which requires inter-ministerial agreements and also social insurance board ZUS needs to prepare for it,” Deputy PM Mateusz Morawi...

Locked content Morawiecki: We have ‘understanding’ with the US on LNG exp...

Poland’s Deputy PM Mateusz Morawiecki, said after his meeting with the US Energy Secretary Rick Perry, that both sides will work on a deal to export US LNG to Poland. “The word agreement is probably premature. Understanding? Absolutely,” Morawiecki said during his visit to the US. Poland would...

Moody’s upgrades Poland’s GDP forecasts

Ratings agency Moody’s has upgraded Poland’s GDP forecast for 2017 to 3.2 percent, from the previous 2.9 percent. The agency decided to upgrade the forecasts after a series of recent positive economic data. “Polish economy is showing signs of a nascent turnaround of last year’s real GDP ...

Locked content Poland to repolonize energy sector – Morawiecki

Poland will be looking for opportunities to repolonize the energy sector, deputy PM Mateusz Morawiecki said to Onet.pl ”I think this sector will be partially re-polonized,” he said, explaining that the treasury is looking for good opportunities for takeovers. The state already controls several bigge...

Locked content OFE pension funds to be dissolved in 2018 – Morawiecki

Deputy PM Mateusz Morawiecki said that Poland will implement its planned restructuring of OFE pension funds in 2018, effectively dissolving them. Under the plan announced back in 2016 by the ruling Law and Justice (PiS) government, 25 percent of OFE assets will be transferred to the state-owned Demo...

Locked content Poland won’t privatize state firms anymore – Kowalczyk

Poland “will no longer privatize” state companies and will focus on “rebuilding assets,” cabinet minister Henryk Kowalczyk said. According to Kowalczyk, Poland will continue the nationalization of the banking sector through acquisitions, after the state-owned insurer PZU has acquired stakes in a num...

Morawiecki hopes for over 3% GDP growth this year

Poland’s Finance Minister Mateusz Morawiecki, said that this year’s GDP growth will exceed 3 percent. “I am very pleased that we are moving in a very positive direction and growth this year (…) will not only exceed 3 percent but it will be very solid and will be based on investment...

Morawiecki optimistic about year-end budget

According to Deputy Prime Minister and Minister of Finance, Mateusz Morawiecki, the level of debt in Poland, at the end of 2017, will be lower than earlier forecasts had predicted. “The level of deficit at the end of the year is very likely to be lower than [was] planned originally. While lower R...

Locked content General Government deficit to stand at 2% GDP in 2019

Deputy Prime Minister Mateusz Morawiecki said at the Economic Forum in Krynica that the general government deficit will fall from three to two percent GDP by 2019. “I don’t have a problem when I think of the state budget for this and next year. I know it is very well managed and has a sa...