Central European Daily

In a Polish government´s reshuffle yesterday, Mateusz Szczurek replaced the head of the Ministry of Finance, Jacek Rostowski. Mr. Rostowski, who served also as a Deputy Prime Minister, is among government members removed from the office in an attempt of Prime Minister Tusk to boost his fading popularity. Mr. Tusk is associated with some controversial measures, such as pension system overhaul implemented earlier this year and decided to continue as planned also in 2014, despite a wave of protests. The replacement of Mr. Rostowski had some impact on the zloty but we think the pressure should be short-lived as we do not see any major changes in economic policy following the appointment of Mr. Szczurek. Economic recovery in Poland appears to be well founded and we expect the zloty to strengthen during months ahead. As we already pointed out, the Polish currency might run particularly well compared to the koruna, as the way for koruna’s appreciation is virtually closed and the economic recovery in Poland gathers momentum.