Low growth and low inflation will continue in the eurozone for long, says Zsolt Darvas, Senior Fellow at Bruegel, Brussel. Some countries may have difficulties in refinancing their budget deficits.
International investors treat emerging markets as one which often leads to the withdrawal of capital from these markets thus weakening the local currency.
Poland’s government is right to try and shore up Polish capital, but not at the cost of antagonizing foreign investors
Poland’s Development Minister Mateusz Morawiecki has unveiled a 5-pillar “economic roadmap” for the country over the next 25 years.
ECB and Moody’s are warning that Poland’s incoming bank tax threatens the profitability and credit ratings of the country’s lenders.
The Ukrainian economic migration to Poland and Europe at large is going to continue rising sharply, helped by the European Commission’s recent decision to move towards introducing visa-free travel for Ukrainian citizens.
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.
The Silk Road Economic Belt is mentioned at every conference about China today. Poland should make sure it is on the route.