NBP no longer has Euro Integration Office

The National Bank of Poland has closed its Euro Integration Office and has renamed its Convergence and Competitiveness Office into the Competitiveness Office, according to the website of NBP’s Economic Institute. The task of “preparing periodic reports on the status of real, nominal and structural convergence of the Polish economy in relation to the adoption of the euro” is also no longer on the list of tasks performed by the Institute. When asked by Polish Press Agency as to the reason behind the changes, NBP’s press office responded that, “NBP performs periodic analysis of its organizational structure, introducing organizational changes based on current needs, as well as with a view to improve the efficiency of the central bank's activity,” PAP reported.