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Free AccessPOLAND: Regional Policy Min Flags Need For Debate On Pension Reform
- Funding and Regional Policy Minister Katarzyna Pelczynska-Nalecz, deputy leader of the centre-right Poland 2050 party, said that Poland should revisit the debate on raising the retirement age. Making reference to an ongoing "demographic crisis," she said that Poles will eventually need to "work more," while the retirement age should be the same for men and women, even if it will not happen "tomorrow, the day after, or within a year." Prime Minister Donald Tusk tried to implement a retirement age hike during his previous stint at head of government in 2013, which proved deeply unpopular and has been cited as one of the key reasons behind his Civic Platform's defeat in a parliamentary election the following year.
- Polish public broadcaster TVP reported that the National Electoral Commission (PKW) will reject the main opposition Law and Justice (PiS) party's financial statement covering last year's election campaign, even as the formal decision will be announced on August 29. Separately, Onet reported that the documents submitted to the PKW by the new government testify to a large-scale misuse of public funds by the previous administration, whereby money were funnelled to finance Law and Justice's campaign activities. Should the PKW effectively reject PiS's financial statement (which could then be challenged in the Supreme Court's chamber still populated by PiS nominees), the party could lose up to 75% of its subsidy, which would significantly affect its financial liquidity and damage its ability to run an effective presidential campaign in 2025.
- Finance Minister Andrzej Domanski said that he will hold another round of meetings with coalition partners to iron out differences on the planned changes to national insurance for entrepreneurs.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.