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Motion for EU Payments Would be December at the Earliest

POLAND
  • A front page piece from Rzeczpospolita writes that Poland will, at the earliest, only be able to file a motion for EU recovery fund payments in early December as milestone agreements with the European Commission have yet to be finalised. Outstanding issues mainly revolve around how milestones will be verified, with the government sticking to the line that it is only “technical issues” that are outstanding.
  • On EU funds, DGP daily report that the government could look for a partial reset in EU relations in the latest attempt to secure EU funding. The government could propose a “legislative initiative” on the judiciary, according to a source, but Poland would need assurances from the EC first.
  • Late yesterday, Bloomberg cited PM Morawiecki in reporting on a plan for Poland to reach out to foreign sovereign wealth funds and central banks to secure financing and reduce borrowing needs domestically. Morawiecki said “we’re witnessing enormous turbulence on the financial market, so we’re doing everything to reduce government borrowing needs”.
  • The cabinet could discuss plans to freeze natgas tariffs next week, according to PAP. The measures would cover households as well as sensitive industries including hospitals and schools, according to climate minister Moskwa.
  • The government are to delay the previous end-2022 deadline for the spin off of coal-fired units from public utilities, with a new target of end-March 2023, according to the deputy PM. Sasin stated that the State Treasury has preliminarily agreed to take over part of the debts, but final deals are yet to be agreed.

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