Floods in southern Poland that have killed at least six people and driven thousands from their homes are blocking roads and cutting power, forcing some of the east European country’s biggest companies to halt production.
Poland’s government approved a draft budget that would cut the budget deficit by a fifth next year, helping to keep public debt below 55 percent of gross domestic product and avoiding mandatory spending cuts.
The zloty’s steepest weekly decline in 10 may signal the Finance Ministry has temporarily given up attempts to stabilize the currency through the sale of euros it gets from the European Union, Citigroup Inc. said today.
Poland’s Prime Minister Donald Tusk is considering dismissing Deputy Premier and Finance Minister Jacek Rostowski, RMF FM radio reported today without saying where it got the information. The zloty weakened on the news.