Economist highly critical of PiS' program - tax hikes likely

"As a result we could witness a pull out of foreign capital and suspension of investments in Poland, as investors might opt for the Czech Republic or Slovakia," said Katarzyna Zajdel-Kurowska, Chief economist at Bank Handlowy. Janusz Jankowiak from BRE Bank believes that the implementation of PiS' economic program would cause an increase of the public debt over the level accepted by EU. "The realization of this program will put the country in the jeopardy of losing at least EUR 11 billion over the next three years," stated Jankowiak. Analyst believe PiS' program would eventually lead to tax hikes. (Puls Biznesu, pp. 1, 3) A.F.