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Poland's Tusk Set For Cabinet Reshuffle to Shore Up Bickering Coalition
Poland's Tusk Set For Cabinet Reshuffle to Shore Up Bickering Coalition

Bloomberg

timea 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.

Poland to cut copper mining tax from 2026, finance minister says
Poland to cut copper mining tax from 2026, finance minister says

Reuters

time23-05-2025

  • 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)

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