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POLAND: Gov't To Appoint Off'l For Coordinating Post-Flood Reconstruction

POLAND
PolandCEEMEAEM BulletBulletGlobalEmerging Market NewsRegion
  • Prime Minister Donald Tusk said that he would appoint a special representative for the reconstruction after floods. A formal announcement will be made by noon. Separately, European Commission President Ursula von der Leyen announced that the EU will allocate up to EUR10bn to help central and eastern European countries with handling the damage inflicted by widespread floods.
  • Poland's wage growth exceeded expectations in August, printing at +11.1% Y/Y, but other economic activity indicators (industrial output, employment and PPI) undershot expectations.
  • Moody's is due to review Poland's sovereign credit rating after hours today.
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  • Prime Minister Donald Tusk said that he would appoint a special representative for the reconstruction after floods. A formal announcement will be made by noon. Separately, European Commission President Ursula von der Leyen announced that the EU will allocate up to EUR10bn to help central and eastern European countries with handling the damage inflicted by widespread floods.
  • Poland's wage growth exceeded expectations in August, printing at +11.1% Y/Y, but other economic activity indicators (industrial output, employment and PPI) undershot expectations.
  • Moody's is due to review Poland's sovereign credit rating after hours today.