Locked content Explosion caused Smoleńsk catastrophe – Parliamentary commission

According to a report released by the parliamentary commission set up to investigate the Smoleńsk plane crash, an on-board explosion has caused the distaster. “Much indicates that on April 10, 2010, an explosion took place on board of the government Tupolev plane,” commission expert Wacław Berczyńsk...

Locked content 15k of Poles could be affected by Wonga security breach

British short-term lender Wonga has warned customers in Britain and Poland that their personal data may have been stolen in a security breach last week. “Wonga is urgently investigating illegal and unauthorized access to the personal data of some of its customers in the UK and Poland,” the firm said...

Locked content Eurostat: Poland with 2.9% share in EU GDP

According to data released by the EU statistics office Eurostat, Poland’s share in the EU’s GDP amounted to 2.9 percent. Germany was the leader with 21 percent share. Overall, euro zone countries were responsible for 72 percent of the bloc’s combined GDP, which last year amounted t...

OECD CLI falls again in February

The Composite Leading Indicator (CLI) for Poland fell by 0.88 percent y/y, and by 0.14 percent m/m points amounting to to 99.66 points in February, according to data from the Organization for Economic Co-operation and Development (OECD). The composite leading indicator (CLI) is designed to provide e...

Locked content KNF: Presidential bill on FX spreads will cost PLN 9.1 bln

Polish banks would suffer some PLN 9.1 billion cost from the presidential bill on partial return of FX spreads, financial regulator KNF estimated. The two drafts proposed in parliament would, in comparison, would cost PLN 11.1 and PLN 52.8 billion, the Polish Press Agency (PAP) which had an access t...

Locked content Kruk: Majority of Poles to spend PLN 300-500 on Easter shopping

According to debt collector Kruk study, one-third of Poles will spend between PLN 300-500 on Easter shopping, while 20 percent will spend PLN 500-800, and 5 percent of respondents plan to spend over PLN 1,000. Amongst the polled, 14 percent will spend its savings on holiday shopping, while 4 percent...

Locked content Aviva signs deal with ING BSK on bancassurance

Insurer Aviva signed a deal with WSE-listed bank ING Bank Śląski to sell its products to lender’s clients. At first Aviva will offer its travel insurance policies but the cooperation is expected to be extended to other insurance products tied to loans. The insurances will be sold exclusively o...

Locked content EC approves Żabka takeover

The European Commission has approved the CVC equity fund takeover of the retail chain Żabka. “The Commission concluded that the proposed acquisition would not raise competition concerns because the companies are not active in the same markets and because market shares in all vertically linked market...

Locked content Poland expects to have the first nuclear plant by 2030

According to Minister of Energy Krzysztof Tchórzewski, Poland can build its first nuclear power plant by 2030. “If we make now a decision on building a power block, then it would be operational by some 2030, the minister said in an interview with wnp.pl. According to Tchórzewski, the 1,200 MW block ...