Poland's Ministry of Finance reported on Poland's participation in a Eurogroup meeting in inclusive format in Brussels, attended by Finance and Economy Minister Andrzej Domański, and in the Economic and Financial Affairs Council meeting attended by Undersecretary of State Jurand Drop. The meetings covered the Savings and Investments Union, the economic and financial impact of Russia's aggression against Ukraine, and the economic consequences of the war in the Middle East. At the Eurogroup, ministers also discussed the effect of the Middle East crisis on the EU economy, including energy prices and availability, financing for innovative projects and digital finance. Poland argued for stronger EU resilience in energy through closer cooperation on supply chain diversification and strategic reserves, pointing to its own LNG, pipeline and regional interconnection investments that ended dependence on Russian gas. On the Savings and Investments Union, ministers discussed the Market Infrastructure and Efficient Supervision package, with particular focus on planned changes to the European Securities and Markets Authority's direct supervisory powers and governance. Poland supported reforms to improve ESMA's effectiveness and a limited expansion of its supervisory remit, provided the measures are proportionate and closely linked to market conditions. At ECOFIN, the Council also agreed a regulation giving the European Public Prosecutor's Office and the European Anti-Fraud Office access to EU-level VAT information to strengthen action against tax fraud, especially cross-border cases. The Council reviewed implementation of the Recovery and Resilience Facility, approved changes to Denmark's recovery plan, took stock of support instruments for Ukraine and the Ukraine Support Loan, and discussed simplifying EU legislation to reduce administrative burdens for businesses and public authorities.
Ministry of Finance (Poland) 2026-05-07
Poland's Ministry of Finance reports Eurogroup and ECOFIN discussions on ESMA reform EU VAT data access and Ukraine support
Poland’s Ministry of Finance reported on Eurogroup and ECOFIN meetings focused on the Savings and Investments Union, the economic and financial impact of Russia’s aggression against Ukraine, and the Middle East conflict’s consequences for the EU economy and energy security. Poland advocated stronger EU energy resilience through supply chain diversification and strategic reserves, supported proportionate reforms to enhance the European Securities and Markets Authority’s effectiveness and supervisory remit, and noted agreement to grant the European Public Prosecutor’s Office and the European Anti-Fraud Office access to EU-level VAT data to combat tax fraud.