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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessHurdles Remain Despite EU Plan Approval
- President Duda and PM Morawiecki are to hold a joint press conference with EU’s von der Leyen later today, after the EU formally approved Poland’s post-pandemic spending plans this week. The approval comes despite continued disagreement over Poland’s approach to rule-of-law, and as local press pointed to implementation issues with the spending (DGP had flagged issues with the chancellery suffering delays in implementing milestones, which could slow progress).
- Similarly, Rzeczpospolita reports that there could yet be some hurdles ahead of disbursement of money from the recovery plan. While the EU have granted approval, when Poland applies for the first tranche payout, it will be requested to present specific achievements as to meeting the milestones, including the one concerning the Supreme Court's military chamber. If these milestone agreements with the EU are not met, payouts called be called into question.
- Gazeta reports that the PiS want to announce an increase to the monthly "PLN 500 plus" child support benefit to PLN 700 as soon as this Saturday. A PiS politician noted that inflation is eroding the value of the benefit, so it should be indexed.
- In a survey conducted with GfK, Rzeczposolita reports that almost 90% of all Polish households are cutting spending in the face of higher prices – that’s an increase of 3 percentage points on the month.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.