Latest credit ratings for Poland stable – Fitch, Moody’s

Credit rating agency Fitch announced in a press release on Friday that it had maintained the same rating for Poland – that of “A negative” or A– , which is believed to be an indication that the agency views the country’s banking system as healthy and its macroeconomic situation as stable – for now. ...

Locked content PK Orlen makes new management announcement

The supervisory board of Orlen Upstream, a subsidiary of PKN Orlen, has appointed to Janusz Radomski to its board, the company said in a press statement on Friday. Janusz Radomski has almost 10 years of management experience in the energy and gas sector, and prior to that he worked in state administ...

Locked content UniCredit announces re-issuing of shares for mid-January

The WSE has suspended trading of shares in UniCredit, according to a press release by the latter on Friday. The investment and corporate bank, which also issues leases, requested that the Stock Exchange issue the suspension, as it said it planned to merge stock. UniCredit earlier said that the WSE b...

Locked content Inflation still low – GUS

The Central Statistical Office of Poland (GUS) stated in a press release on Friday that consumer inflation was 0.8 percent, in annual terms, in December. This was a slight increase over the previous month, as the rate was 0.0 percent in November. Compared to the previous month, the prices of goods a...

Polish president signs budget

The Chancellor’s office of the President confirmed on Friday that President Andrzej Duda signed the budget for 2017, in spite of the PLN 59 billion budget deficit forecast. Marek Magierowski, the spokesperson for the office, said that Duda had said that there were no formal obstacles presenting him ...

Locked content Budget protests a result of ‘infighting’ – Karczewski

The Speaker of the Polish Senate, Stanisław Karczewski, told the television station TRWAM on Thursday that opposition protests over the passing of the state budget lacked legitimacy and were the result of “fighting between who should be the leader.” Karczewski, who sides with the ruling regime, Law ...

Locked content Kraków getting new low emissions buses

Special buses, manufactured to comply with European standards for emissions, were delivered to the city of Kraków on Thursday, according to the president of the Municipal Transportation Company of Kraków (the MPK), Rafał Świerczyński. “Of course, [they are] low floor buses, which facilitate use by d...