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PM Morawiecki To Meet Czech Counterpart Fiala To Reach a Potential Agreement on Turow Dispute

POLAND
  • ECJ reiterated that Poland continues to infringe EU law after imposing a daily fine of 500K Euros in September as the government refuses to close the Turow mine close to Czech border.
  • Polish PM Mateusz Morawiecki will meet Czech counterpart Fiala today at 1pm (local time) to reach a potential agreement in their dispute.
  • Yesterday, it was announced that Finance Minister Tadeusz Koscinski and deputy Jan Sarnowski will resign in coming days following botched tax system overhaul (RMF radio).
  • Yesterday, NBP Governor commented that the central bank welcomes stronger zloty (against Euro).
  • NBP is meeting next week on February 8 and a 50bps hike seems likely given policymakers’ recent speeches, which would levitate the policy rate to 2.75%, its highest level since June 2013/

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