Within the European Union's new multiannual financial framework for 2014-2020, Poland will receive a total of EUR 105.8bn of funds, or PLN 441bn, (vs. EUR 101.5bn in the 2007-2013 framework), according to PM Donald Tusk. Under the agreement reached at the EU summit, Poland will receive EUR 72.9bn (or PLN 303.6bn, vs. the government's earlier pledges of PLN 300bn of theses funds) in cohesion funds and EUR 28.5bn under the common agricultural policy (vs. EUR 26.9bn in the previous framework). Tusk believes that the European Parliament, which will now decide on the fate of the agreed EU budget, will not want to block the realisation of this framework and he deems that reaching agreement on the issue is imminent. However, the opposition pointed out that at the same time that Poland's premium to the EU budget will also increase (to EUR 3.8bn). In general, the deal reached at the European Council limits the maximum possible expenditure for the enture EU (of 28 member states) to EUR 959.99bn in commitments, corresponding to 1.0% of the EU's Gross National Income (GNI). This means that the overall expenditure ceiling has been reduced by 3.4% in real terms, compared to the current MFF (2007-2013), according to the summit's documents. |
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