If the Polish government successfully implements its plans, which may take even more than a year, the country's sovereign rating's outlook may be upgraded in a mid-term perspective, Fitch Polska's president Piotr Kowalski was quoted as saying by portal Parkiet.com. Even "some effects" of the government's plans should ease the negative pressure on the rating, he added. Poland is currently rated at 'A-' with stable outlook by Fitch. However, in early December, another Fitch's representative said that the outlook for Poland's sovereign ratings remains stable and there are no premises to make any rating actions now. The government plans to increase tax wedge and excise taxes, while keeping central budget deficit constraint, in an effort to end the excessive deficit procedure next year. |
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more