Gofers for the rich folk

You makes heaps of money without lifting a finger. You are chauffeured from one glitzy Warsaw cigar club to the next as you sip Svarovski Alize vodka while nestled in the downy leather VIP section of your Bentley, shielded from the hoi polloi by smoky gray bulletproof windows. When the holidays roll...

Lost in translation?

Ponglish, a language mixing Polish and English, is becoming increasingly popular, not only in Poland, but also in English-speaking countries where many Poles reside (see BBC report on Ponglish here ). Language purists are often offended that a native language is being cluttered with foreign words, w...

Growth may return to pre-crisis levels – report

It is possible that Poland’s GDP growth will returne to average levels recorded before the financial crisis, economist Jerzy Hausner was quoted as saying in a report published by the Polish Agency for Enterprise Development together with the Malopolska School of Public Administration. Recent data se...

Poland sells $2 billion in bonds

Poland’s Ministry of Finance sold ten-year benchmarks bonds worth a total of $2 billion in an auction last Thursday, the ministry said in a statement last week. The bonds, denominated in US dollars, mature on Jan 22, 2024. Their yield was set at 4.099 percent. The coupon is 4.0 percent, the ministry...

How much does Poland owe and does it really matter?

The Polish government puts the country’s public debt at roughly 53 percent of GDP. But Leszek Balcerowicz, the man considered the chief architect of Poland’s economic transformation, says it is in fact several times higher than that, writes Remi Adekoya.