Locked content Kubot reaches Wimbledon doubles final

Polish tennis player Łukasz Kubot, along with Brazillian Marcelo Melo defeated top-seeded pair of Henri Kontinen (Finland) and John Peers (Australia) 6-3, 6-7(4), 6-2, 4-6, 9-7 and advanced to the Wimbledon’s final. Kubot and Melo are undefeated on the grass surface this year. They will face Austria...

Locked content Government support declines – CBOS poll

The number of supporters of Beata Szydło’s government fell in July by 4 percentage points to 38 percent, according to a poll conducted by CBOS. At the same time, the number of opponents increased by 1 percentage points to 31 percent. The number of respondents without any opinion about the government...

NBP poll upgrades inflation estimates

Economist polled by Poland’s Central Bank (NBP), forecast the country’s inflation to amount to 1.9 percent this year, 2 percent in 2018, and 2.3 percent in 2019. “inflation will gradually increase in 2017-2019 but will remain below the NBP inflation target (2.5 percent), with 1.6-2.1 percent expecte...

S&P upgrades Poland’s GDP forecast for 2017

Rating agency Standard & Poor’s has raised its forecast for GDP growth in Poland this year to 3.6 percent from the previous 3.3 percent estimate. For the years 2018-2020, the forecasts remained unchanged and stand at 3.1 percent (2018), 3 percent (2019), and 2.9 percent (2020).

Locked content FinMin wants to increase KNF supervision over online financial market

The Financial Ministry wants to increase the Financial Supervision Authority (KNF) control over the financial products offered online, such as Forex trading, according to a new draft bill. According to the ministry, the new law would help “prevent fraud on the financial market by unauthorized entiti...

Locked content Play to set IPO price at PLN 36 per share – media

According to various media outlets, WSE-bound mobile operator has set its IPO price at PLN 36 apiece. Initially, Play set the price range in its book building process at PLN 34-44 apiece, but narrowed it later to the PLN 36-38 range. The company will float 121.57 million of its existing shares in wh...

Locked content EU criticizes Polish judiciary reforms

Leaders of two major European Parliament groups Guy Verhofstadt (Alde) and Manfred Weber (EPP) urged the EU and the European Commission to act. “By changing the law, Law and Justice (PiS) is turning its back for good on the independence of the judiciary. A red line was crossed yesterday. With this v...

Locked content PSE to spend PLN 6 bln on investments in 2017-2021

State-owned power grid operator PSE will spend nearly PLN 6 billion between 2017-2021 to upgrade the existing infrastructure and build a new one, the company said. “The company has implemented a new investment model that will optimize the flow of investment processes and ensure their full transparen...