|Poland is not in a crisis situation and monetary policy implemented here does not have to deal with a crisis, according to governor of the National Bank of Poland (NBP) Marek Belka. He stressed, though, that it is a crisis is seen in the euro zone. Both government and central bank representatives repeatedly said that Poland is experiencing an economic slowdown that is to reach its lowest level next year, but they see no risk of a recession. Simultaneously, they stress that Poland's financial sector is sound, while the public finances are undergoing austerity measures and are in a safe area.
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