The Financial Supervisory Commission (KNF) on 26 February approved a major relaxation of consumer credit rules for banks, in an apparent bid to support consumer demand.
The scale of the move took the market by surprise, ... more»
The Sejm on 20 February, and the Senate the day after, voted with clear majorities to authorise the government to ratify the Treaty on Stability, Co-ordination and Governance in the Economic Monetary Union, known as ... more»
Poland stands to receive 4.2% more funds from the European Union in the 2014-2020 budget cycle than it was allocated in 2007-2013, even though the Union’s overall budget is to be reduced by about 3% compared with ... more»
President Bronislaw Komorowski on 1 February signed into law the budget bill for 2013. It envisages revenues of PLN 299.4bn (approx. €71.8bn) and expenditures of PLN 335bn (€80.3bn), and a central budget ... more»
The International Monetary Fund (IMF) on 18 January approved a successor two-year arrangement for Poland under the Flexible Credit Line (FCL) in the amount of about $33.8bn (€25.4bn).
While the Polish authorities ... more»
President Bronislaw Komorowski has signed into law a budget-related bill that among other things imposes a pay and benefits freeze in the general government sector, as part of measures to keep budget deficit and public ... more»
President Bronislaw Komorowski on 18 December signed into law a package of amendments to the Labour Code and some other laws that relaxes the procedure of starting a business. Under the new law, business start-ups will ... more»
The Sejm on 12 December passed the budget bill for 2013. It envisages revenues of PLN 299.4bn (€73bn) and expenditures of PLN 335bn (€81.7bn), and a central budget deficit of just under PLN 35.6bn (€8.7bn). ... more»
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