Poland

Germany supports former Polish PM as OECD chief

Outgoing German Chancellor Gerhard Schroeder said recently that both he and designated chancellor Angelor Merkel supported former Polish Prime Minister Marek Belka as the new chief of the Organization for Economic Cooperation and Development.

Poland may hold euro referendum

Poland may hold a referendum on when to adopt the euro if the country's expected next ruling coalition cannot agree on a timetable, top presidential candidate Donald Tusk said on Thursday 15 September.

NBP chief: Ukraine situation not to affect Poland

The possible crisis of the Ukrainian economy caused by the tense political situation in that country will not harm the Polish economy, President of the National Bank of Poland (NBP) Leszek Balcerowicz told a press conference on Wednesday 1 December.

NBP chief: GDP depends on passing of reform bill

Poland's long-term economic growth depends on passing legislation that can effectively reform the country's public finances instead of blocking initiatives, which could widen the government budget deficit, National Bank of Poland Governor Leszek…

Minister says Poland to meet euro criteria in 2007

Poland will be ready in 2007 to join the euro, Polish Finance Minister Miroslaw Gronicki said on Wednesday 20 October, following a report which said that none of the 10 new EU members yet meet the criteria for adopting the single European currency.

NBP's relations with government 'heating up'

Relations between Poland's government and the central bank's Monetary Policy Council (RPP) are likely to heat up again, Interfax reported, after Economy and Labor Minister Jerzy Hausner called the current monetary policy "improper," saying it threatened…

Poland raises interest rate by half percent

The Polish central bank raised its main interest rate to 6.5 percent on August 24, the third rise in as many months. The central bank took the measures to address inflation, which has been rising following Poland's entry into the EU.

Polish finance minister resigns to join IMF

Polish Prime Minister Marek Belka said that Finance Minister Andrzej Raczko was leaving the government for a post at the International Monetary Fund and would be replaced on Wednesday by the economist Miroslaw Gronicki, AFP reported Friday.

NBP urges faster spending cuts for euro in 2009

Poland should move ahead quicker with its spending-reduction plan to cut the budget deficit and allow the largest new European Union member to adopt the euro before 2009, deputy governor of the National Bank of Poland (NBP) Krzysztof Rybinski said.

National Bank of Poland - Annual Report 2002

The National Bank of Poland has published its Annual Report for the year ended 2002. Developments in monetary policy encouraged the curbing of inflationary pressures and there was a marked slowdown in the annual total money supply growth, notes and coin…