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Morawiecki Sees EU Fund Filings Ready in Weeks

POLAND
  • PM Morawiecki sees Poland ready to file a motion to secure EU fund payouts in ‘several’ weeks, with issues surrounding the judiciary now sufficiently solved. On markets, the PM said the cabinet is very concerned over the rise in debt servicing costs and will look to communicate to markets that Poland’s budget deficits will be reduced over the medium-term.
  • The Polish PM also outlined his confidence that the PiS will head for a third consecutive election victory next year, with the governing party looking to make the voting and election process more transparent, according to DGP Daily.
  • The PM added that judiciary reform will soon be completed, with the changes effective from the next parliamentary term. Elsewhere in the interview, a decision on a potential extension of the anti-inflation shield is to be made at the turn of the year. Mechanisms for freezing gas prices are also under discussion in government.
  • The government have ruled out the indexation of the 500+ family benefit payment, going against speculation that cabinet could approve rising benefits ahead of next year’s general elections.
  • Retail sales data takes focus going forward, due at 10am local time (0900BST). Markets see M/M sales contracting by 2.2%, a sharp turn around from August’s 1.0% rise.
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