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Senate Approves Amended Court Bill, Poland May Host Summit With Ukraine & US

POLAND
  • The court bill drafted by the government in cooperation with the European Commission as one of the requirements for unlocking access to more than EUR35bn in recovery funds cleared another key hurdle in the legislative process. The opposition-controlled Senate passed the legislation almost unanimously, even as ruling Law and Justice party Senators voted against the 14 amendments proposed by the opposition. The amended version of the bill will now be sent back to the lower house (Sejm), which is expected to debate it on February 7. The Sejm can reject the Senate's amendments with a simple majority of votes, but as things stand, Law and Justice needs the support of some opposition lawmakers to pass the whole bill, due to continued resistance from junior coalition party Solidarna Polska.
  • DGP reported this morning that U.S. President Joe Biden could hold a trilateral summit with Poland's Andrzej Duda and Ukraine's Volodymyr Zelensky towards the end of February. Anonymous diplomatic sources told the newspaper that the meeting could take place in Warsaw or Rzeszow, with Zelensky looking to present a 10-point peace plan and request security guarantees from a number of countries.
  • Poland's S&P Global Manufacturing PMI improved to 47.5 in January from 45.6 prior, beating the 46.4 median estimate. The survey suggested that the manufacturing sector remained in contraction for the ninth consecutive month, even as the headline index printed its best levels since May 2022.

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