In Brief: Madrid shock wave hits WSE and złoty; Internet VAT; Whizz Air

Investors felt that Poland might also become a target. The złoty came under pressure as a result of the unease on the global market, but many analysts expect the złoty to stage a recovery today and złoty denominated bonds yesterday already begun to rise. (www.onet.pl) ... The heated debate over the VAT rate which will be applied to using the Internet may have come to an end. Yesterday, the Sejm decided that internet use in homes, schools and cultural institutions will be VAT free. Deputies also agreed on a zero VAT rate for computer hardware for educational and cultural facilities. (Rzeczpospolita, p. B1; www.onet.pl) ... From May low-cost carrier Whizz Air will launch connections from Katowice, Gdańsk and possibly Kraków to main European cities and most popular holiday destinations. The airline will use six Airbuses A320. Tickets will be sold from the end of March on their internet site, call centers and its agents. (Puls Biznesu, p. 9) D.W./A.F.