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POLAND: Gov't Prepares Support Measures For Flood Victims

POLAND
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion
  • The government unveiled further support measures for the victims of ongoing floods, noting that the state will settle their mortgage payments for the next 12 months. The Premier called for unity amid the ongoing emergency and refused to rule out further interventions, including price controls to curb speculation. Finance Minister Andrzej Domanski added that the government has secured PLN2bn for initial aid measures but will take steps to increase this amount going forward. According to the latest updates, the coming 48h will be crucial for Wroclaw and Opole, the largest cities in the region.
  • European Commission President Ursula von der Leyen confirmed that Poland's Piotr Serafin will hold the budget portfolio in her second term. The Commission still needs to be approved by the European Parliament.
  • Sejm Speaker Szymon Holownia is in Turkey where he will meet with President Recep Tayyip Erdogan this evening.
  • Consumer confidence data will cross the wires at the top of the hour.
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  • The government unveiled further support measures for the victims of ongoing floods, noting that the state will settle their mortgage payments for the next 12 months. The Premier called for unity amid the ongoing emergency and refused to rule out further interventions, including price controls to curb speculation. Finance Minister Andrzej Domanski added that the government has secured PLN2bn for initial aid measures but will take steps to increase this amount going forward. According to the latest updates, the coming 48h will be crucial for Wroclaw and Opole, the largest cities in the region.
  • European Commission President Ursula von der Leyen confirmed that Poland's Piotr Serafin will hold the budget portfolio in her second term. The Commission still needs to be approved by the European Parliament.
  • Sejm Speaker Szymon Holownia is in Turkey where he will meet with President Recep Tayyip Erdogan this evening.
  • Consumer confidence data will cross the wires at the top of the hour.