Class action lawsuit against bank dismissed

A Warsaw district court has dismissed a class action lawsuit against Getin Noble Bank filed by more than 90 franc borrowers, who argued that they hadn’t been informed properly of the details of loan indexation.

Consumer Credit Demand Index up in February m/m

The Consumer Credit Demand Index increased to 3.5 percent in February 2015 from 1.7 percent in January 2015, according to the Credit Information Bureau. The institution also informed that the Mortgage Credit Demand Index stood at 2.8 percent in February, while in January it was 4.5 percent.

BOŚ borrows €75 mln from EBI

The state-controlled lender, Bank Ochrony Środowiska (BOŚ) signed a deal to borrow €75 million from the European Investment Bank (EIB), the fifth such credit line given to BOŚ, according to a press release.

KUKE: Polish exports down by 2%

Polish exports declined by 2 percent in January year-on-year reaching €12.49 billion, according to the Export Credit Insurance Corporation (KUKE). In month-on-month terms, however, exports of goods from Poland grew by 4.4 percent.

What to buy?

With a lot of money to spend and a limited supply of real estate assets for sale, investors are increasingly interested in new markets

Funding Culture

Małgorzata Omilanowska, Minister of Culture and National Heritage, talks with WBJ Observer about securing the equality and freedom in activity of all cultural subjects, the position of culture in strengthening social capital and economic development, ways of distributing state and EU funds for cultu...

Locked content ARP to consolidate cargo operators?

The state-owned Industrial Development Agency (ARP) has been planning the consolidation of the Polish railway cargo industry, according to Puls Biznesu daily. The Ministry of the State Treasury has already signed a letter of intent with Lotos Kolej, which controls 8.9 percent of the market, the dail...