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
“Banking Market in the Baltics 2009-2011, CEE Banking Brief” report recently presented by Intelace Research states that, despite the current economic recession, Estonia, Latvia and Lithuania are still among the most advanced banking markets in Central and Eastern Europe (CEE).
more »
According to the unaudited data for three quarters 2009, AB Bank SNORAS earned LTL 4.1 million profit. Although the inter-banking market of the country fixed the banks’ asset decrease (- 4.6 per cent) since the beginning of the year, the assets of Bank SNORAS grew by LTL 249.3 million and were by 4 per cent higher than at the beginning of 2009.
more »
Taking into account changes on domestic money markets AB DnB NORD Bankas, a member of international financial group shall change individual and corporate time deposit rates from November 5.
more »
FL Technics, the leading aircraft maintenance, repair and overhaul (MRO) provider in Eastern Europe, has signed contracts with Air Italy and Air Slovakia for Boeing 737-300 aircraft base maintenance in Lithuania.
more »
Thales UK’s headquarters site in Weybridge has recently held a Halloween charity coffee morning, raising more than £280 for Marie Curie Cancer Care.
more »
New SaaS-Based Vulnerability-Scanning Solution Is Latest Addition to Company’s Application Security Program.
more »
Since 31 October 2009, only LTL 0.99 fee for accepting payments will be applied to clients while making payments for various services (utility fees, communication services, etc.) in all subdivisions of Bank SNORAS.
more »
AB DnB NORD Bankas, the country‘s leader in investment products market, offers a new possibility for the clients to make repurchase deals (repo deals) in the bank’s newly installed on-line trading platform.
more »
The benefits of the integration of eastern Europe’s financial systems into the world economy outweigh the costs that have been highlighted during the global economic crisis, the EBRD has concluded in a new report.
more »
On 22 October 2009, following the favourable opinion expressed in September by the Committee for Fisheries and Aquaculture, the Commission adopted a Regulation establishing the implementing rules for the 2008 Regulation to prevent, deter and eliminate illegal, unreported and unregulated (IUU) fishing.
more »