The EU 3 per cent of GDP limit in a state budget is of no major macroeconomic relevance in Poland. The issue is different – lack of capability to generate savings in good times.
PPP could be a tool for the development of schools, hospitals, and even courts or museums, says Witold Słowik, deputy Minister of Economic Development.
The worldwide debate on what kind of institution should exercise supervision of banks is intensifying as the role of central banks is rising throughout the world.
Polish government proposes a new reform of pension system. Instead of three pension pillars there will be two.
EIB signs EUR250m loan agreement with Polish infrastructure manager PKP PLK and EBRD will invest up to EUR700m and will help WSE return to growth.
The growth dynamics of foreign debt and the share of foreign investors in sovereign Polish debt has been unusually high in recent years.
Standard & Poor’s surprise move on January 15th to cut Poland’s credit rating one notch from A- to BBB+ and assigning a negative outlook has hurt Polish pride, raised its borrowing costs and hit equities, bonds and currency markets.
Every new Polish government promises to reduce the size of the grey economy by closing loopholes in the tax system. Some less informed ministers even claim that the informal economy could be completely eliminated.
CE Financial Observer talks to Marek Belka, Governor of the Polish central bank NBP, about the future of the Polish economy, the role of the central bank and the situation in Central Europe.
On November 18th the new PM of Poland Beata Szydło presented her expose before the lower house of the Polish parliament. The ideas from expose confirm promises Law and Justice made during the election campaign.