Debt grew by 19%, marking the second-fastest annual rise after a 28% spike in 2020.
debt
Polish state energy giant Orlen raises $1.25 billion in debut North American bond issue
Demand for the bonds was more than three times higher than expected.
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Poland sets out plan to bring deficit below EU’s 3% limit
Poland was one of seven member states placed under the EU’s excessive deficit procedure this year.
Poland’s development bank scraps bond auction after sharp rise in yields
Poland’s 10-year bond yields exceeded 9% for the first time in more than 20 years
Polish consumer authority charges three banks over implementation of “credit holidays”
BNP Paribas Bank Polska, Getin Noble Bank and Bank Pocztowy face penalties of up to 10% of their annual turnover.
Half a million mortgage holders suspend payments in first two days of Poland’s new “credit holiday” law
The prime minister warned that any attempts to obstruct access to the programme by banks will be penalised.
Government using “unprecedented mechanisms” to evade public debt limits, says Polish state auditor
If debt had been properly accounted it would have exceeded the permitted threshold of 55% of GDP, finds NIK.
Poland’s public debt to grow 433 billion zloty in first two years of pandemic
Debt is forecasted to reach 1.5 trillion zloty by the end of 2021.
Polish town to house residents who don’t pay rent in containers
The threat appears to have encouraged debtors to pay up, with 3-4 new settlements per week.
11-year-old hounded by bailiff over million zloty of inherited debt receives support
Bailiff wrongly seizing child allowance spotlights shortcomings of claims system
