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FX-Loan Case Opinion Due in February 2023

POLAND
  • Key Polish FX-Loan Case to Get EU Court Opinion in Feb. 2023 (Bloomberg)
  • The EU Court of Justice will give an opinion on a key ruling about Polish FX-mortgages by Feb. 16, 2023, Advocate General Anthony Collins said in court on Wednesday
    • The final ruling is expected to answer whether banks may ask clients for compensation for providing capital in the event that a court annulled their original mortgage contract expected some months following release of advocate general’s opinion.
  • Separately, Poland hopes its crafted support measures for SMEs, sensitive institutions, local governments and households in the wake of energy price increases will cost the budget "not too much" as the measures will be coupled with solutions concerning the energy market, Development and Technology Minister Waldemar Buda tells DGP daily.
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