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Demand for housing loans soars in December – BIK

According to data gathered by the credit information bureau BIK, the demand for housing loans in the Polish banking sector increased by 33.7 percent y/y in December. The average value of loan application amounted to PLN 221k similar to last year. The data excludes loan applications exceeding PLN 1 m...
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Lithuania pays €28 mln fine to Orlen for dismantling tracks

The state-run Lithuanian railway operator company Lietuvos Gelezinkeliai has paid the €28 million fine imposed by the European Commission to WSE-listed refinery giant Orlen for dismantling the railway connecting Orlen’s refinery in Mazeikiai and the Latvian city of Renge.
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Fuel prices inch down

Average fuel, diesel, and LPG prices decreased by PLN 0.01 last week, according to BM Reflex, a fuel branch consultancy company.
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Morawiecki and Orban to EU: migration policy has failed

EU member states should decide on their own who they want to accept, PM Mateusz Morawiecki said during his visit to Budapest adding that the EU’s migration policy has failed. “In terms of migration and quotas that were to be imposed on (EU) member countries we strongly reject such an approach as it ...

EU launches Article 7 procedure against Poland

In an unprecedented move, the European Commission will ask other EU member states to declare that Poland’s judiciary overhaul constitutes “a clear risk of a serious breach of EU values.” If the states agree, Warsaw’s voting rights would be suspended.
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Putin to Poland: ‘grow up’

Russian President Vladimir Putin during his annual meeting with the members of the press, when asked about the Smoleńsk plane crash said it was time for Poland to move beyond the plane crash, turn a new page, and “grow up.”
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GDP per capita at 68% of EU average in Poland – Eurostat

According to Eurostat data, GDP per capita expressed in Purchasing Power Standards (PPS) in Poland amounted to 68 percent of the EU average in 2016, unchanged compared with 2015. The lowest pps in the bloc was in Bulgaria (49 percent) followed by Romania (58 percent), while the highest was in Luxemb...
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Fitch affirms Poland A- rating, outlook stable

Rating agency Fitch has decided to keep Poland’s A- rating and kept stable outlook unchanged. “Poland’s ‘A-‘ ratings reflect its strong macro fundamentals, supported by a sound monetary framework and solid banking sector. The ratings are constrained by weak GDP per capita rel...
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Power sector might not be able to finance nuclear plant – Fitch

According to ratings agency Fitch, Polish state-owned utilities have no room to increase their debt after 2020 to finance large investments. “Beyond 2020, the four power firms will have no room to increase debt to finance large investment projects,” Fitch Ratings director Arkadiusz Wicik told the Po...