The European Commission's decision that Poland has taken efficient measures to correct its excessive deficit on time (i.e. by 2012) will have a positive impact on financial markets, according to PM Donald Tusk. He added that this move will definitely stabilize the zloty's exchange rate "in some perspective." The Premier noted that the Commission's stance means that the Polish government does not have to take up more severe measures to cure the public finances. The government expects the general government deficit to fall to 2.97% of GDP in 2012 (i.e. below the 3% EU limit) from 5.6% estimated for 2011. |
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