Latest news with #AndrzejDomanski
Bloomberg
a day ago
- Business
- Bloomberg
Poland Reshuffles Cabinet to Create Economy Superministry
Poland will create a superministry in charge of finance and the economy, Prime Minister Donald Tusk said on Wednesday. The move, which will grant the current Finance Minister Andrzej Domanski new tools to steer the economy, is part of a wider cabinet reshuffle designed to strengthen Tusk's ruling coalition as it readies for a tense cohabitation with the incoming opposition-backed president.
Bloomberg
a day ago
- Business
- Bloomberg
Poland's Tusk Set For Cabinet Reshuffle to Shore Up Bickering Coalition
Poland is poised to shake up its government as Prime Minister Donald Tusk seeks a boost to his coalition's flagging popularity and gears up for clashes with the new, opposition-backed president. The revamp is likely to create a super ministry of economy and finance led by the current Finance Minister Andrzej Domanski as the cabinet seeks faster growth, a person familiar with the matter said speaking on condition of anonymity. Several ministers including those responsible for justice, health and state assets are going to be replaced, according to Gazeta Wyborcza newspaper.
Bloomberg
25-06-2025
- Business
- Bloomberg
Poland Floats New Bank Tax to Bolster Budget After Elections
Poland's Finance Minister Andrzej Domanski unveiled a plan to introduce more taxes on lenders to bolster the country's ailing budget. The proposal targets inflows of as much as 2 billion zloty ($546 million) a year from commercial bank profits earned on interest from mandatory reserves. An index of Warsaw-listed lenders dropped 1.3% on Wednesday, reducing its year-to-date advance to 27%.
Reuters
23-05-2025
- Business
- Reuters
Poland to cut copper mining tax from 2026, finance minister says
WARSAW, May 23 (Reuters) - Poland's copper mining tax will fall from next year under a new system that will provide deductions related to investment spending, Polish finance minister Andrzej Domanski said on Friday. The tax on mineral extraction, including copper, was introduced in 2012. Poland's biggest copper miner KGHM ( opens new tab paid 3.87 billion zlotys in tax in 2024, according to its annual report. Domanski said the tax cut and the introduction of investment spending deductions would lower tax revenues by an estimated 10 billion zlotys ($2.66 billion) over ten years and reduce costs for copper producers by the same amount. "The fact that KGHM is a supplier of about 85% of copper in Europe is absolutely crucial," Minister of State Assets Jakub Jaworowski said. "By taking care of investments in Poland, by taking care of the development of KGHM, we also take care of the collective security of the West and the European Union." ($1 = 3.7545 zlotys)
Bloomberg
13-05-2025
- Business
- Bloomberg
Poland's Domanski Sees EU Defense Fund Agreement This Month
Polish Finance Minister Andrzej Domanski said he expects the European Union to reach a deal this month on a €150 billion ($167 billion) fund to boost the bloc's defense capabilities. He told a news conference following a meeting of his EU counterparts in Brussels on Tuesday that member states agree on the 'vast majority of issues' even if some would prefer more flexibility.
