FinMin: Public sector deficit at 3.3% of GDP in 2014

Public sector deficit amounted to 3.3 percent of GDP in 2014, Finance Minister Mateusz Szczurek told Bloomberg Businessweek Polska. In 2015 the deficit will drop below 3 percent which will allow Poland to exit the Excessive Deficit Procedure (EDP) the following year and return to the VAT rate that w...

FinMin: Economy is slowing

Polish Finance Minister Mateusz Szczurek said in an interview with TV station TVN 24 BiŚ, that his office has downgraded this year’s GDP forecasts to 3.4 percent from the previous 3.8 percent.

Locked content Szczurek: weaker złoty desired

The Ministry of Finance will decrease the next year’s GDP estimates from 3.8 percent to 3.4 percent, Poland’s Finance Minister Mateusz Szczurek told TOK FM, a Polish radio, on Friday. The minister also discussed weaker złoty. According to Szczurek, worse position of the złoty was something natural a...

Locked content Minister of Finance warns against deflation

According to the Minister of Finance, there is an increased risk for deflation in the Polish economy. Prices in May did go up by 0.2 percent year-on-year, but they went down by 0.1 percent compared with the previous month, according to a news release in Puls Biznesu. “The fact that prices are ...