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Poland's central bank is undertaking a significant expansion of its gold reserves, with plans to increase holdings to 700 tonnes. This strategic move is aimed at bolstering national financial security and diversifying assets away from foreign currencies.
Several European Union member states are advocating for specific policy revisions. Prague is calling for changes to a new medicines act and a freeze on the existing carbon pricing scheme, while Slovakia is noted as a major center for VAT fraud within the bloc. Concurrently, Poland's state development bank, BGK, is establishing a new facility to manage funds from the EU's SAFE program. On trade, a coalition of European countries including France, Romania, and Poland is seeking to delay a major agreement with the Mercosur bloc, with Polish farmers holding protests against the deal. In diplomatic engagements, Poland's foreign minister expressed concern over potential impacts on Polish interests from tariff threats by Donald Trump, specifically citing the threat over Greenland. The minister also noted India's External Affairs Minister Jaishankar's criticism of 'selective targeting' on tariffs and highlighted Poland's outreach to Pakistan.
1 topics | 20 sources
Poland's central bank is taking steps to increase the country's gold reserves. The bank plans to raise its holdings to 700 tonnes, a substantial boost from its current level.
3 topics | 27 sources
Jan 23
Several European countries raise concerns about different EU policies and fundsSeveral Central European countries are voicing issues with different European Union policies. Prague says the EU's plan for stockpiling critical medicines needs to be stronger and is also calling for a five-year pause on the EU's main carbon pricing system. Separately, Slovakia is being described as a central point for a type of tax fraud within the EU. Meanwhile, Poland's state development bank, BGK, is setting up a new office to manage funds from an EU program called SAFE.