Locked content PSL politicians under anti-corruption scrutiny

The Central Anti-Corruption Bureau (CBA) in searching the office of Jan Bury, head of the Polish People’s Party (PSL) parliamentary caucus, TVN24 reports. Another PSL politician is also under the CBA’s scrutiny, the station said. The anti-corruption office is conducting the investigation in cooperat...

Locked content Poles overdue debt at PLN 40.89 bln

The aggregated value of Poles’ overdue debt amounted to PLN 40.89 billion in the second quarter of 2014, according to BIG InfoMonitor data quoted by the Polish Press Agency. The figure grew by PLN 43 million, or 1 percent, over the three months. The average Pole has PLN 17,585 overdue debt, the inst...

Locked content KNF proposes new rules for third-party insurance

The Polish Financial Supervision Authority (KNF) has proposed new regulatory guidelines for third-party liability car insurance. The new rules may lead to higher premiums, the watchdog’s head Andrzej Jakubiak was quoted as saying by the Polish Press Agency. The guidelines proposed by the KNF stipula...

Locked content LOT to receive second tranche of state aid this summer?

Polish state-owned airline LOT might receive another tranche of state help. “The Treasury Ministry has conditionally approved the handout,” said Deputy Minister Rafał Baniak, adding that the treasury wants to delay the second tranche as much as possible, “possibly not giving it at all, as this would...
Image : shutterstock

Polish exports on the rise

Poland exported goods worth PLN 279.1 billion in I-V 2014, according to Central Statical Office data. During the same time, the country imported PLN 278.8 billion worth of goods. The trade surplus was PLN 279 million.

Image : Shutterstock

Investment funds with record-high asset value

The value of assets managed by Polish investment funds available to individual investors surpassed zł.200 billion in June, according to data from sector research firm Analizy Online quoted by ISBnews. This is their highest monthly value so far.

Locked content PKO BP to open non-life insurance company

Poland’s biggest lender, PKO BP has filed motion to Financial Supervision Authority to set up non-life insurance subsidiary. The bank hopes that its new company will be operational in Q2 2015 and will choose its strategic insurance partner no sooner than in 2015. PKO plans to focus on individual cus...

Locked content NBP survey sees GDP growth at 3.3%

Poland’s GDP will grow by 3.3 percent in 2014 and average annual inflation will amount to 0.5 percent, according to the central projection resulting from the National Bank of Poland’s macroeconomic survey conducted in June. The central projection sees GDP growth at 3.3 percent in 2014, 3.6 percent i...

Locked content Marvipol to list automotive segment

Property developer Marvipol plans to spin off its automotive retail segment and list it on the Warsaw Stock Exchange, the company’s CFO Paweł Szymański was quoted as saying by ISBnews. The company will also sell its car wash business within the next two years. “The developer, automotive and car wash...