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Jędrzejkowski, Jeremi
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3 articles of this author have been cited in the European Press Review so far.
Special tax damages Hungary's reputation
Several European companies have demanded that the EU Commission impose sanctions on Hungary for levying special taxes on foreign companies. With these taxes Hungary is damaging its reputation, writes the conservative daily Rzeczpospolita and welcomes the companies' protest. "German Telekom, Eon, RWE, the Czech Republic's CEZ and Austria's OMV: many countries are willing to make considerable concessions to persuade such companies to invest there. But the Hungarian government is putting these and other companies in a difficult situation. Budapest has imposed an additional tax on them. This is a further step in Hungary's quest to acquire new sources of income for the state budget, after introducing a bank tax and nationalising Hungarian private pension funds. ... It takes years to build up a good reputation in business but it can be lost very quickly."
» full article (external link, Polish)
More from the press review on the subject » EU Policy, » Corporations, » Economic Policy, » Hungary
Poland profits from its neighbour
The economic boom in Germany will also be good for Poland, writes the conservative daily Rzeczpospolita: "As economists are saying across the board, the German Mercedes tanks up with fuel from the economies on the edge of the Eurozone. The good economic results have led the German Federal Bank to radically adjust its economic forecasts upwards - anticipated GDP now stands at three percent. Let's not forget, the German economy shrank by as much as 4.7 percent in the past year. So what happened? Exports have shot up on the other side of our western border. Solid, although less dynamic growth is also expected in the next quarter. Domestic demand has been influential here, and that is also good news for Poland. Our exports to Germany are growing and stand to become even more dynamic."
» full article (external link, Polish)
More from the press review on the subject » International Relations, » Economic Policy, » Poland
Frugality required
The International Monetary Fund has suspended a line of credit to Hungary because of its budget deficit. Disciplinary action will do Europe's budget politicians good, writes the conservative daily Rzeczpospolita: "Hungary, Romania, Ukraine, Iceland, the Baltic countries - and of course Greece: the list of states counting on international aid in the wake of the crisis has not stopped growing. Certainly, the reasons for the collapse varied somewhat from country to country. But in a nutshell they can be ascribed to a single cause, namely carelessness on the part of governments or financial supervisors. ... Nevertheless there's also a positive side to all this. The IMF's influence has no doubt grown enormously - like its budget, which has been tripled by the G20. Sceptics will say the IMF sticks its nose everywhere it can. But the truth is that a fierce watchdog is just what is needed to keep some states in line."
» full article (external link, Polish)
More from the press review on the subject » Fiscal Policy, » Poland
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