14th November 2011
Thursday, May 17th, 2012
NBP profits, company dividends to rescue Poland's 2012 budget
Proceeds from National Bank of Poland profits and dividends from state-owned companies will likely ensure that there will not be a hole in Poland's 2012 national budget, Dziennik Gazeta Prawna reported, citing an announcement by the Ministry of Finance.
According to economists, the most likely scenario is that Poland's economy will grow by between 2.5 percent and 3 percent in 2012. In that case, DGP wrote, the budget would show a gap of zł.5 billion to zł.6 billion.
The gap will probably be easily bridged by earnings from the NBP, which is expected to generate a profit of a few billion złoty. Dividends from Treasury-owned companies will also help cancel out the shortfall. Treasury-controlled insurance-provider PZU, for example, is already predicting record profits for 2011 and plans a major dividend payout.
From Warsaw Business Journal
Also check out:
Polish gov't sets 2013 budget deficit target
PM Tusk: Budget surplus by 2016 'realistic'
Poland third-most attractive in the world for business centers
President Komorowski signs budget law for 2012
Poland, a regional haven?
Polish gov't sets 2013 budget deficit target
PM Tusk: Budget surplus by 2016 'realistic'
Poland third-most attractive in the world for business centers
President Komorowski signs budget law for 2012
Poland, a regional haven?
Advertisement
It is difficult to
think of any major European country where there is as much
polarization and hatred between political parties and ... READ MORE
Following a flurry of announcements by
top EU officials (including the President of the European Commission
Jose Manuel Barroso), that they will ... READ MORE
back
Go to topOur partners
