Prime Minister Marek Belka voiced concern Thursday about the steady appreciation of Poland's currency, the zloty, against the dollar and the euro, saying it was "potentially quite worrying"
Published:
4 December 2004 y., Saturday
Prime Minister Marek Belka voiced concern Thursday about the steady appreciation of Poland's currency, the zloty, against the dollar and the euro, saying it was "potentially quite worrying."
The zloty has firmed 17.3 percent against the dollar and 11.1 percent against the euro this year.
Belka said he had asked for a meeting with the president of the Polish National Bank, Leszek Balcerowicz.
"I think that this meeting should take place quickly, by mid-December. There's no time to lose," the Polish prime minister was quoted as saying by the news agency PAP.
However, Economy Minister Jerzy Hausner stressed that the Polish currency was subject to market forces and therefore central bank intervention to weaken the zloty appeared unlikely.
"Maneuvering room is limited. I don't foresee an intervention by the PNB" on the foreign exchange market, he said.
Hausner had warned Monday that the strong zloty was beginning to pose a problem for Poland's export-driven economy.
Poland, which joined the European Union on May 1, expects economic growth of more than five percent in 2004.
Šaltinis:
AFP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Today, the Commission published a Communication which outlines the most serious tax problems that EU citizens face in cross-border situations and announces plans for solutions.
more »
The European Commission has opened a formal investigation under EU state aid rules to examine a number of support measures, including several capital injections and shareholder loans, that the Hungarian authorities granted to Malév-Hungarian Airlines in the context of its privatisation and subsequent renationalisation.
more »
Internet and lax customs enforcement drive growth of 600 billion US dollar counterfeit goods industry.
more »
350 million people rose out of poverty in the past decade, but 1.4 billion are still extremely poor, says the latest report into rural poverty.
more »
New plan sets out action to reach 75% employment target for the EU by 2020.
more »
Research Ministers of the EU Member States and Associated Countries, together with the European Commission, are announcing in Brussels today three new pan–European energy research infrastructures.
more »
Algirdas Šemeta, Commissioner for Taxation, Customs, Audit and Anti-fraud, is visiting Moscow today to discuss ways in which customs cooperation between the EU and Russia can be reinforced.
more »
Following on from Monday's debate with ECB President Jean-Claude Trichet, MEPs on Tuesday adopted a resolution, by a show of hands, gauging the ECB's performance in 2009 and suggesting actions to be taken in view of the economic situation.
more »
The European Parliament today approved €10.5 million in European Globalisation Adjustment Fund aid to over 3,000 people in the Netherlands who lost their printing and publishing sector jobs last year, due to the economic crisis.
more »
A diamond-studded gold coin engraved with a picture of the Taj Mahal and worth 100,000 euros is unveiled at the Paris mint.
more »