Finance Minister Mateusz Szczurek
Image : Ministry of Finance

Poland still needs to prepare before euro adoption – FinMin

Poland needs to work on improving its competitiveness before joining the euro zone to make sure it benefits from the adoption of the common currency, Finance Minister Mateusz Szczurek told web portal wnp.pl. When asked if Poland should enter the euro zone, Szczurek said that it should, “but only whe...

Locked content EC mulls extending support for food producers

The European Commission is analyzing data on the food market after Russia’s embargo and may consider support for dairy producers, the EC said in a press release on Friday. The statement follows  a meeting of the expert group to discuss agricultural markets. “[The EC] will not hesitate take any furth...

Locked content NATO condemns Russian convoy entry into Ukraine

NATO Secretary General Anders Fogh Rasmussen issued a statement condemning the entry of the “Russian so-called humanitarian convoy” into Ukraine without the consent from Ukrainian authorities and without any involvement of the Red Cross. “This is a blatant breach of Russia’s international commitment...
Image : PKN Orlen

Poles buy less fuel

According to the Polish Organization of Oil Industry and Trade (POPIHN) the amount of fuel Poles buy has decreased. In H1 of 2014 the use of gasoline, LPG and heating oil has decreased by 1.5 percent compared to the same period of 2013.

Locked content BOŚ issues bonds worth PLN 100 mln

Bank Ochrony Środowiska (BOŚ) has issued bonds worth PLN 100 million, the lender said on Friday. The issue has no fixed goal. The bonds will mature on February 20, 2015, BOŚ also said. The securities were issued as part of a PLN 2 billion bond program, with a sub-program for short-term bonds…....

Locked content Consumers lose confidence – GUS

In August 2014 the consumer confidence indicator (BWUK) dropped by 2.4 points  compared to July, according to a report by Polish Central Statistical Office (GUS) published on Friday. Now it stands on the level of -19.5. The decrease was influenced by the assessment of the country’s future economic s...

Locked content Agroliga eyes main market debut

Ukrainian agricultural company Agroliga plans to move to the main market of the Warsaw Stock Exchange when the situation in Ukraine becomes stable, the company’s CEO Alexandr Berdnyk told ISBnews. Agroliga has been listed on NewConnect since 2011. “We are waiting for the political situation in Ukrai...

Locked content Controversial priest suspended

Father Wojciech Lemański, a controversial Roman Catholic priest who has now been in the news for more than a year, has been suspended by his superiors. He told reporters that he has already appealed the decision. Father Lemański has been in conflict with his bishop for months now. A year ago he was ...
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Transportation firms ask for support

Polish transportation firms met Treasury Ministry officials on Friday, asking for government support in connection with Russia’s embargo on Polish food imports. No decision has been made so far.

Locked content San Leon plans new boreholes in Poland

San Leon, a company specializing in oil and gas extraction, said on Friday that it considers drilling new shale gas boreholes, including one in Poland’s Rawicz, simultaneously abandoning works in 9 places in the country. The joint venture undertaking with Palomar should be finished within 2014, says...