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The chances of Poland entering the euro area in the coming years are slim. The reasons for this are political and are connected with the constitutional provision that Narodowy Bank Polski has the exclusive right to issue money and implement monetary policy in Poland. Also from an economic standpoint, Poland still does not meet all the conditions required to join the euro area.
As public money flows into venture capital funds in Poland, the supply of available financing is larger than the pool of projects fit for investment. One solution to this problem would be to engage start-ups from Eastern countries.
Our business is not to buy investments but to shape an economic map of Poland - ObserwatorFinansowy.pl talks to Sławomir Majman, President of the Polish Information and Foreign Investment Agency.
Belarusian Deputy Foreign Minister, Aliaksandar Hurjanaŭ, declared in June 16th that Belarus was planning to finish all of the technical work for the accession to the World Trade Organisation in a year. However, three years ago the same Minister projected that Belarus would join the WTO by the end of 2013. Given the state of the Belarusian economy it is still unrealistic.
The decline in oil price and economic sanctions deepened the slowdown in Russia’s GDP lasting from 2011. Due to the lack of internal and external growth drivers, this time Russia is unlikely to return to a high-growth path over the next few years.
Thanks to Supervisory Review and Evaluation Process (SREP) for the first time we will have a real assessment of banks’ business models across the EU, which is a key for assessment of sustainability. CE Financial Observer talks to Piers Haben, director in the European Banking Authority.
10 solutions that could be easily implemented in short/medium term to improve housing problem in Poland. Kristian Jaworski is the winner of Obserwator Finansowy’s contest If it were up to me… – what would I change in public finances.
One day of war in Ukraine may cost even up to 14 million euro, says Ukrainian economist, Oleksandr Zholud. In an exclusive interview Zholud talks about Ukrainian economy in difficult times.
Ukraine could be firmly back on its legs within a few years with a reasonable support of the West, despite all its current problems. But this requires a change of the mindset of the ruling class – a challenge far greater than obtaining the funds.
The Belarusian authorities are tackling the crisis in their traditional way: by using administrative methods. The goal is to maintain stability until the presidential elections in autumn 2015. However, the plan, which relies on the maintenance of the economic policy known from socialist times, may be thwarted by the crisis in Russia.
Special economic zones are beneficial for regions that are at intermediate stages of development. In most cases they have not added to the growth of local communities.
The profits of banks in Q1’2015 significantly exceeded expectations but this may not last long. There are many issues that can impact future financial results of a banking sector in Poland.