Locked content Belka shouldn’t run for the second term – MPC member

Jerzy Hausner, a member of the Monetary Policy Council said in an interview with Tygodnik Powszechny that NBP head, Marek Belka, shouldn’t run for his second term, when his current one expires in 2016. “I expect that he will publicly state what he wants to achieve over the course of the next two yea...

Locked content EC approves BGŻ takeover

The European Commission has approved the BNP Paribas Fortis takeover of Bank Gospodarki Żywnościowej. The Fremch lender bought 98.5 percent stake in BGŻ for PLN 4.2 billion in December 2013, from Dutch peer Rabobank. The EC did not have any objections to the merger as “total market share of both len...

Locked content Government losing popularity

According to the latest poll by CBOS, 38 percent of Poles (two percent up from last month) are against Donald Tusk’s government, 26 percent of polled are supporting his cabinet. Only 29 percent (down by 5 percent) of Poles are happy that Donald Tusk is the Prime Minister, while 55 percent are not ha...

Locked content GDP might slow down in H2 – Piechociński

Poland’s GDP for Q2 “should stay above 3 percent” threshold, but it may slow down in the second half of the year, said Deputy PM Janusz Piechociński. “Along with all central and eastern Europe we are entering a phase of deflation,” Piechociński told reporters. “I would prefer bolder and more daring ...

Local talent on display

In a time when a growing number of Poles are having their say in fashion design, two young entrepreneurs have established a website that helps sell their products

Locked content Pesa to launch production in Russia

Rolling stock manufacturer Pesa has signed an agreement with Russian Uralwagonzawod to start production in Russia. “The agreement concerns launching an assembly and service centers in Russia and setting up joint venture which could produce trams, locomotives, railway cars and other electric vehicles...

Locked content Orlen to close its Lithuanian refinery?

Polish fuel giant, Orlen might close its refinery in Mazeikai before the end of this year, Lithuanian daily Lietuvos Rytas wrote. The company is looking for strategic investors for its Lithuanian facility. If it won’t them soon, the refinery, which currently operates at 60 percent capacity, mi...