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The Warsaw Voice » News from March 13, 2018
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Paweł Borys, president of Polish Development Fund (PFR) talks to Juliusz Kłosowski (excerpts):
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The Polish tax institutions detected PLN 105 million worth of suspicious VAT invoices following an initial analysis of the first round of standard audit files (JPK) after their use was made mandatory
Poland will receive PLN 609 million in financing from EU's Operational Program Infrastructure and Environment 2014-2020 for developing its railway transport outside the Trans-European Transport Network
Listed power group PGE continues to enjoy strong credit metrics after buying Polish assets of EDF, with 2017 funds from operations (FFO) to net debt ratio reaching 80%, but the metric will likely decline to below 40% in 2019, still above the 30% floor for PGE's current Baa1 rating, Moody's said in an issuer comment.
Poland's largest lender by assets bank PKO BP posted PLN 820 million as the 4th quarter 2017 attributable net profit, largely in line with the market expectations.
The Polish copper industry giant, listed state-controlled KGHM Polska Mied¼ S.A. (KGHM) supervisory board dismissed on Saturday CEO Radoslaw Domagalski-Labedzki and deputy CEO responsible for foreign assets Michal Jezioro.
Poland will eye full integration of refiners PKN Orlen and Lotos as otherwise the tieup process "would make no sense," Energy Minister Krzysztof Tchórzewski told reporters.
Poland will make a decision on the fate of its fledgling nuclear power project likely in March, Energy Minister Krzysztof Tchórzewski said at an economic forum.
Poland could attract some 200-300,000 of Ukrainians to its job market annually in the coming years
Ruling party Law and Justice (PiS) will rather play down the results of works of the parliamentary committee tasked with explaining the causes of the Smolensk air crash in 2010.
TThe Polish prime minister Mateusz Morawiecki decided to reduce the state administration by cutting the number of deputy ministers at ministries. On Monday he informed about 17 resignations and that some more are expected in the coming weeks.
Poland's inflation is expected to exceed the 2.5% the target set by the Polish central bank NBP in the 2nd quarter of 2019 and stay between the target and the upper end of the target range till the end of 2020
The Polish government should make efforts to increase the role of the capital market in financing the economy at least to the European average of 30%, Investments and Development Minister Jerzy Kwiecinski told PAP.
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