No more bond issues for this year’s borrowing needs

Poland’s Ministry of Finance has completed the market financing of the country’s borrowing needs for 2014, according to a statement quoted by ISBnews. After the summer vacation, the ministry will obtain new tranches of loans from international financial institutions in order to formally close the borrowing needs financing process, the statement also said. In July, the value of both złoty and currency reserves has been increased to about PLN 46 billion, the ministry added. It also confirmed that no bond auctions would take place in August.