EC threatens Poland with legal action

clock •

POLAND - The European Commission (EC) has threatened to take Poland to the European Court of Justice, unless it agrees to remove investment restrictions imposed on the country's pension funds.

The EC formally requested Poland remove infringements on foreign investments by Polish Open Pension Funds (OPFs) in October 2007. However, having analysed the reply from the Polish authorities, ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Poland

Poland

Polish lawmakers debate pension shift

POLAND - Polish lawmakers have begun debating pension changes proposed by the government that are opposed by almost half of the country's voters before elections expected within seven months.

Dorota Bartyzel at Bloomberg News
clock 17 March 2011 •
Poland

Polish pension system change faces new delay due to legal hurdle

POLAND - Poland's plan to cut transfers to private pension funds, already delayed by a month, may not be in place until the second half of 2011, posing a threat to the fiscal-deficit goal, Citigroup'S Polish unit said.

Bloomberg News
clock 08 March 2011 •
Poland

Polish pension changes to take effect in May

POLAND - Poland's government maintains its position that contributions to private pension funds should be reduced to help curb the deficit, according to Michal Boni, an adviser to Prime Minister Donald Tusk.

Dorota Bartyzel and Monika Rozlal at Bloomberg News
clock 02 March 2011 •
Trustpilot