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News Parkiet
21.09.2004,
Pension funds
Poland fiddles with OFE fund rules
to meet EU criteria on public finances
Polish government may push for legislative changes that would add funds held in OFE pension accounts to public assets, lowering the official public debt threshold. Ministry of Social Policy, led by Krzysztof Pater, is proposing to eliminate rules that make OFE funds part of their owners? estate. Assuming that Eurostat goes along with these changes, the move would reduce Poland?s public debt from 52.1 percent of the country?s GNP to just 47.6 percent.
Petrochemicals
Orlen to name new CEO
Directors of PKN Orlen, Poland?s biggest oil refinery and the largest gas station operator is expected to announce their choice for the new CEO of...
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