Government pencils in diary date for Euro

Published: 14 October 2004 y., Thursday
A new government strategy would see one of the fundamental requirements-budget deficit-lowered to 2.7% by 2007. This would give Poland the green light for joining ERM2, the waiting room that prepares new entrants for the Euro zone. Members are required to keep their currencies within a range of +/- 15% of the central standard. Deputy president of the Central Bank Krzysztof Rybiński said potentially Poland could be ready to join ERM2 even earlier, in 2005. However, in order to do so the Central Bank would have to stop the appreciation of the złoty, which until now it has been reluctant to do. In light of the government's prediction that Poland could qualify for the Euro zone in three years, the WBJ asked two leading economists for their thoughts. While united in their support for the move, both ING Bank Śląski's Mateusz Szczurek and Michał Dybuła from BNP Paribas were concerned about one area in particular... their own future in 2007.
Šaltinis: Warsaw Business Journal
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.

Facebook Comments

New comment


Captcha

Associated articles

The most popular articles

AB Bank SNORAS increases the capital amounting to LTL 72.5 million

On 31 August 2009 in a non-public way AB Bank SNORAS issued the emission of perpetual debt securities included into the bank capital amounting to LTL 72.5 million. more »

EU invests €6.8m for academic cooperation with industrialised countries in North America

The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic. more »

The European Commission and the cosmetic industry match research funds to develop alternative solutions to animal testing

Today at the VII World Congress on Alternatives and Animal Use in the Life Sciences in Rome, the European Commission and the European cosmetic industry presented their joint financial effort for research into alternative safety testing methods. more »

SEB Bank invests LTL 4.6 million in to faster data transmission technologies

SEB Bank, the largest bank in Lithuania, invests almost LTL 4.6 million in to the upgrade of its data transmission network. more »

World Bank Supports Further Improvement of Rural Road Network in Armenia (39280)

The World Bank’s Board of Executive Directors today approved a credit of US$ 36.6 million equivalent of additional financing for the Lifeline Road Improvement Project for Armenia. more »

IMF Completes First Review Under Stand-By Arrangement with Latvia and Approves €195.2 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the first review of Latvia's performance under an economic program supported by a 27-month Stand-By Arrangement. more »

Commission approves the restructuring of Austrian Airlines

The Commission has today decided to close the formal investigation procedure into the privatisation and restructuring of Austrian Airlines concluding that the restructuring following its sale to Lufthansa is compatible with community law. more »

Wall Street applauds Bernanke

Ben Bernanke's reappointment as head of the Federal Reserve did not come as a surprise, but Wall Street still responded with the proverbial thumbs up. more »

Statistics on hotels in Lithania

Over I half-year 2009 accommodation establishments had by 22 per cent less guests. more »

Carbon fund set up by EBRD and EIB in 1st Russian venture

In the first such transaction in Russia, carbon credits generated by utilising gas which would otherwise be flared at an oilfield in eastern Siberia are to be purchased through a carbon fund set up by the EBRD and the European Investment Bank (EIB), the Multilateral Carbon Credit Fund (MCCF). more »