Poland's general government deficit will increase to 9.5 percent of GDP in 2020, and decrease to 3.8 percent in 2021, according to the spring forecast by the European Commission (EC).
The Polish economy will shrink by 4.3 percent in 2020 and will expand by 4.1 percent in 2021, as the HICP inflation declines to 2.5 percent in 2020 and edges up to 2.8 percent in 2021, the European Commission (EC), the EU's executive arm, said on Wednesday.
The EC has no plans to take up the subject of Poland's May-planned presidential elections under the EU's sanctioning Article 7 procedures, EC Vice-President Vera Jourova said on Wednesday in Brussels, adding she nonetheless has reservations about the elections.
The Polish economy will contract by 3.4 percent in 2020 due to the coronavirus pandemic, the Polish government predicted in an updated Convergence Programme, an EU-required fiscal plan for the next three years.
The next batch of Poland's anti-crisis solutions will focus on the country's social insurance institution (ZUS), micro and large companies and VAT exemptions on books, PM Mateusz Morawiecki announced on Saturday.
The European Commission (EC) does not intend to include the issue of Poland's presidential elections in the procedure of Art. 7 of the Treaty, EC spokesman Christian Wigand said on Friday, in contrast to the position presented on Thursday by EU Justice Commissioner Didier Reynders.
The European Commission (EC) has approved eleven aid programmes of the Polish government valued at a PLN 35.1 billion (EUR 7.7 billion) intended to support companies affected by the crisis caused by the coronavirus epidemic, the EC announced on Thursday.
Poland's largest fuel concern PKN Orlen and the European Commission have relaunched negotiations concerning the planned takeover of the rival Lotos company, PKN Orlen said in a press release.
Polish Prime Minister Mateusz Morawiecki will visit Brussels on Thursday to meet with President of the European Commission Ursula von der Leyen and with President of the European Council Charles Michel, the Polish PM's Office reported on Tuesday.
The European Commission (EC) approved two Polish investments on Thursday related to the development of waste exploitation, for which it plans to allocate over EUR 100 mln, the EC said.