Locked content Wielton signs term sheet for PLN 413 mln credit

Wielton signed a term sheet for PLN 413 million credit with PKO BP, BGŻ BNP Paribas and BGK. The credit facility will be used to refinance bridging loans and current group debt, as well as to finance investment expenditures and the company’s working capital. Under the agreement, PLN 130 millio...

Locked content PKP will receive syndicated credit for PLN 700 mln

Polskie Koleje Państwowe (PKP) signed a credit agreement with three banks for a total of PLN 700 million. Out of the total amount PLN 250 million will be used for investments and the rest PLN 450 million are earmarked for repayment of previously obtained financing, PKP CEO Krzysztof Mamiński said on...

Locked content EIB to lend Poland €940 mln for science and research

The Minstry of Finance published a statement, which informs that the European Investment Bank (EIB) will lend Poland €940 million  for research and science. “On Friday, 18 September, the chairman of EIB dr. Werner Hoyer will visit Poland. During his stay, two credit agreements will be signed b...

Locked content Poland to lend Ukraine €100 mln

“The Council of Ministers passed a resolution to lend Ukraine up to €100 million. The deal will be signed on Wednesday,” Mateusz Szczurek, the Minister of Finance informed. This loan was promised by Prime Minister Ewa Kopacz during her visit to Kiev at the beginning of the year. “W...

14% of Poles up to 24 years old are in debt

More than half a million young Poles aged between 18 and 24 are already in debt, Mariusz Cholewa, the head of the Bureau for Credit Information (BIK) informed. In their age group they make up 14,4 percent and the total amount of their debt amounts to PLN 6 billion. The average debt of a young Pole a...

Locked content Poland interested in new credit line – IMF

Polish authorities have approached the International Monetary Fund, showing interest in a new flexible credit line (FCL) from the institution, IMF First Deputy Managing Director David Lipton said in a statement on Friday. “I welcome the Polish authorities’ interest in a new two-year FCL arrangement,...

Locked content Poland may reduce IMF credit line

Poland’s flexible credit line (FCL) at the International Monetary Fund may be reduced by33-25 percent, Finance Minister Mateusz Szczurek told Bloomberg in an interview. The final decision on the FCL is to be made in January, he added The minister had earlier said that Poland would ask for the ...

Locked content Szczurek: Poland will phase out IMF credit line

Poland plans to gradually eliminate it flexible credit line from the International Monetary Fund, Finance Minister Mateusz Szczurek told Bloomberg in an interview. “We’ll slowly pull out of the FCL, which we currently treat as a substitute for foreign-exchange reserves,” Szczurek said. “It’s a cheap...