The lower chamber of parliament (Sejm) has passed the 2012 state budget draft with 233 votes for and 200 votes against (in the 460-strong house). The central budget deficit's limit has been set at PLN 35.0bn (EUR 8.2bn) with revenue at PLN 293.7bn. The average annual inflation is projected at 2.8%. The document now heads for the upper chamber (Senate); if it introduces any amendments, they will be tackled by Sejm - otherwise, the bill will go directly to the president for his signature. The president cannot veto the state budget law. |
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