Locked content Cyfrowy Polsat to borrow up to PLN 1 bln

The largest Polish media group decided on Friday to issue bonds worth up to PLN 1 billion, Reuters reported. Polsat will issue the debt by July 15. The bonds’ maturity is to be December 31, 2022 at the latest. Cyfrowy Polsat is a Polish DTH platform. It has been operating since 1999. The compa...

Locked content Prices went down in 2014

Annual inflation rate in 2014 was the same as in 2013 and amounted to 0.9 percent, Puls Biznesu reported. “The last time the rate was that low was in 1972,” the Central Statistical Office (GUS) informed. Growth of housing expenses (by 1.1 pct) and the rise inalcohol and tobacco prices (by 3.7 pct) c...

Locked content MF sells bonds worth PLN 4.2 bln

The Ministry of Finance sold PLN 4.19 billion of 2024-2028 treasury bonds at an auction, the ministry informed on Thursday. The demand was valued at PLN 9.42 billion in total. The ministry sold WZO124 bonds with maturity in January 2024 worth PLN 2.06 bln. The minimum price amounted to PLN 975.40. A...

Locked content Poles saved 8.9% more in 2014

Household deposits rose by 8.9 percent y/y and as of 2014 totaled PLN 48 bln. Polish savings were worth PLN 591 bln at the end of last year. In comparison, the rate increased by 5.6 percent in 2013. Bigger growth in 2014 was caused by “better conditions on the labor market and wages growth,” Adam...

RPP keeps rates unchanged

The Monetary Policy Council (RPP) has decided, in line with expectations, to maintain interest rates unchanged after its two-day sitting on Tuesday and Wednesday.