Locked content Poland drops by one spot in the latest FIFA ranking

Polish men’s national football team has been placed 7th in the latest FIFA ranking. Compared to last month’s record-high standing, Poland dropped by one spot and was overtaken by Spain Among the European teams, it was ranked 5th. Germany remained in the lead, followed by Brazil and Portu...

NBP: loans up, mortgages down in October

The value of consumer credits increased by 0.6 percent or PLN 1.08 billion in October month-on-month and reached PLN 172.18 billion, the Poland’s Central Bank (NBP) announced.

Locked content Sunday trade ban to be expanded gradually

The Law and Justice (PiS) government announced new amendments to the draft bill on Sunday trade ban. The new law would come into force in March next year and would cover two Sundays per month, while in 2019 the ban would be expanded to three Sundays per month, and in 2020 it would cover all…

Locked content SKOK Wybrzeże declared bankrupt

The district court in Gdańsk declared SKOK Wybrzeże credit union bankrupt. Financial Supervision Authority KNF suspended its operations back in September and filed for its bankruptcy. At end-July the union had PLN 44.8 million in negative equity, and PLN 128 million in deposits. It had PLN 4.24 mill...

RPP minutes: interest rates should remain stable

According to the minutes of the of the Monetary Policy Council (RPP) November’s decision-making meeting, most members assumed that the interest rates should remain stable in the coming quarters as the inflation target should likely be met. On top of that, stabilization of interest rates would suppor...

MF sells PLN 4 bln worth of bonds. Debt needs financed at 95.5%

The Ministry of Finance sold PLN 4 billion worth of bonds on auction. The five series will mature in 2020, 2022,2023, 2027, and 2028. Investor interest was at PLN 13.8 billion. According to the ministry after this bond issue, this year’s budget debt plan has been financed at 95.5 percent.

Locked content Gfiffin Premium with PLN 8.3 mln Q3 profit

WSE-listed REIT-like Griffin Premium Real Estate had PLN 8.3 million net profit in Q3, which is 171 percent y/y increase. EBIT stood at PLN 31.9 million, up 44.6 percent y/y, while revenues from rental amounted to PLN 7.9 million compared with PLN 5.8 million a year ago. The company also announced t...

Locked content Enea confirms Q3 results

WSE-listed power utility Enea confirmed its earlier estimate of PLN 214 million Q3 net profit, which is 14.4 percent y/y decrease. EBITDA was down by 5.3 percent to PLN 589 million, while revenues grew by 4.7 percent y/y to PLN 2.8 billion. The company plans to exceed PLN 4 billion CAPEX this year, ...

Locked content Szydło meets with Macron to repair strained relations

PM Beata Szydło met with French President Emmanuel Macron in Paris in an attempt to patch things up after relations between two countries became strained in recent months due to a number of issues including posted workers, concerns over rule of law in Poland, and recently the Pope John Paul II monum...