Locked content Watchdog cautious about BZ WBK re-branding

The Polish Financial Supervision Authority has issued a statement asking lender BZ WBK for explanation regarding its planned re-branding as Santander, the Polish Press Agency (PAP) reports. The bank’s majority shareholder, Spanish lender Santander, was obliged to consult any changes in the name of b...

Labor Ministry: Unemployment down to 11.9%

Poland’s registered unemployment rate declined by 0.1 percentage point to 11.9 percent in July, according to an estimate issued by the Ministry of Labor and Social Policy on Wednesday. Compared to July 2013, the jobless rates declined by 1.2 points.

Locked content Economic climate continues to improve – IRG SGH

The economic climate index calculated by the Research Institute for Economic Development of the Warsaw School of Economics (IRG SGH) inched up by 0.2 points quarter-to-quarter and amounts to -4.9 points in Q3 2014. In year-on-year terms the index grew by 7.6 points, the IRG SGH said. The survey show...

Tusk warns about Russian intervention into Ukraine

Polish Prime Minister Donald Tusk said at the press conference that he has information indicating that the threat of a “direct intervention” by Russia into Ukraine “is growing.” “The threat of a direct intervention by Russia into Ukraine is greater than it was a few days or a couple of weeks ago,” T...
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Prosecutors launch probe into tapped conversation

The prosecutor’s office has launched an investigation regarding the tapped conversation between National Bank of Poland President Marek Belka and Interior Minister Bartłomiej Sienkiewicz, according to a statement made by Przemysław Nowak, spokesperson for the Warsaw prosecution.

Locked content Pesa to sell its trains to Berlin – Piechociński

Polish rolling stock manufacturer Pesa will sell its trains to Berlin, where they will be used in the local rapid transit railway system S-Bahn, Polish Deputy PM Janusz Piechociński announced without giving any details. Pesa declined to comment the potential deal. Piechociński also discussed other P...

Locked content Ministry sees GDP growth slowing down in Q2

Following macroeconomic data released in July, the Polish Ministry of Economy expects GDP growth in the second quarter of this year to be 3.1 percent compared to 3.4 percent in Q1, according to a statement quoted by the Polish Press Agency. At the same time, the ministry upheld its forecast for full...

Loans and deposits grow in H1 2014

The aggregated value of loans granted by the Polish banking sector, including Polish branches of foreign lenders, grew by 4.6 percent year-on-year to PLN 872.89 billion in the first half of 2014, according to data from the Polish Financial Supervision Authority quoted by ISBnews.

Locked content Panattoni to build new logistics park

Logistics property developer Panattoni will build four buildings consisting of a total of 90,000 sqm of warehouse space  in Sosnowiec, Upper Silesia, the company said in a press release. Right now, it plans to complete the first phase of the investment, delivering 21,900 sqm for potential clients. T...

Vectra withdraws from buying stake in Netia

Cable TV operator Vectra has decided to cancel its tender for 33 percent in Poland’s second largest telecommunications firm Netia, the bidder said in a statement on Thursday. The minimum subscriptions threshold has not been achieved, the statement said.