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Poland
Low Inflation Still No Threat to CEE
Currencies in CEE should not be affected by low inflation, according to Erste Group.
March 19, 2014
Poland: Key Rates to Remain Unchanged until 2015
In an interview with Bloomberg Businessweek magazine, Marek Belka, Governor of the National Bank of Poland (NBP), announced that interest rates will remain unchanced until the end of this year.
March 18, 2014
Poland: PZU to Takeover Healthcare Companies
Polish insurance group PZU is considering the acquisition of two healthcare enterprises.
March 18, 2014
Poland: PKO BP Cuts Down on Business in Ukraine
The Polish top lender PKO BP’s Ukrainian affiliate Kredobank closed four of its six branches in Crimea in the past two weeks.
March 18, 2014
Belka: Poland Should Not Haste into Eurozone
Marek Belka, Governor of the National Bank of Poland (NBP), said that the country did not have to haste to become a member of the European single currency union.
March 17, 2014
DiTech: Insolvency Postponed
Heavily affected computer equipement trader DiTech has to postpone filing for insolvency proceedings, which was planned today at the Commercial Court in Vienna.
March 14, 2014
Poland: Lowest Budget Deficit Since 2008
The budget deficit as per the end of February, was the lowest since 2008.
March 14, 2014
CEE: Investments to Boost Economic Growth
In the coming two years economic growth in Eastern Europe is expected to accelerate to an average of two to three percent of GDP triggered by a boost in investments.
March 13, 2014
Poland: “Time for Belt-Tightening”
Poland is required to cut the deficit in the public finance sector.
March 13, 2014
Austria: DiTech to be Taken Over by Investor
Insolvent computer equipment trader DiTech is supposed to be taken over by a German investor with Polish roots.
March 13, 2014
Poland: PZU Below Profit Expectations
Polish insurer PZU missed the profit expectations in the last quarter in 2013.
March 13, 2014
Poland: Bank Pekao with Ambitious Plans
Polish lender Bank Pekao intends to reduce costs and risks, and raise the number of clients by around one million until 2020.
March 12, 2014
Poland: Changes in Monetary Policy to Come Gradually
Polish macroeconomic conditions support a stabilization of monetary policy, according to Anna Zielinska-Glebocka, member of the Monetary Policy Council.
March 12, 2014
Poland: Economic Growth to Accelerate
According to the latest estimates of the Polish National Bank (NBP), the annual economic recovery could accelerate to 3.7 percent in the period from 2014 to 2016.
March 11, 2014
Poland: PKO BP to Sell Parts of Consumer Loan Portfolio
This year, the largest lender in Poland intends to sell a part of its consumer loan portfolio in the amount of PLN 2.3bn to 2.5bn.
March 11, 2014
Poland: Share of Impaired Loans Increasing
The number of impaired loans in the non-financial sector keeps on increasing.
March 10, 2014
Polish Currency Still Affected by Ukrainian Crisis
The Polish Zloty continues to be unstable in the light of the political crisis in Crimea.
March 10, 2014
CEE Countries Condemn Russian Intervention in Ukraine
Foreign Ministers of the Visegrad countries (Poland, Czech Republic, Slovakia and Hungary) want to strengthen the EU defense policy. Poland intensifies its military cooperation with the U.S.
March 8, 2014
Poland: Rabobank Polska Gives up BGZ
Dutch financial institute Rabobank wants to get rid of BGZ.
March 6, 2014
Poland Reconsiders Joining Eurozone
The current political crisis in Ukraine is also causing turmoil at the Polish financial markets letting the national currency drop significantly against the Euro.
March 5, 2014
Polish Financial Market Proves Strong
The financial market in Poland is resistant towards negative impacts resulting from the current political crisis in neighbor country Ukraine.
March 5, 2014
Poland: Takeover of Nordea Bank Polska Granted
PKO BP, leading bank in Poland, was given green light by the financial market regulator KNF to take over Nordea Bank Polska, as announced in a statement by KNF.
March 4, 2014
Poland: Banks Expected to Preserve Ratings
According to US rating agency Standard&Poor;’s, Polish banks will be able to keep their credit ratings this year.
March 4, 2014
Ukraine: Poland Wants to Put Pressure on Russia
Poland´s President Bronislaw Komorowski underlined that the U.S. has given assurances on Poland´s security. Prime Minister Tusk calls for solidarity with Ukraine.
March 3, 2014
Poland: “Further Gradual Improvement”
The recent tendencies point to accelerated economic growth rates.
March 3, 2014
Poland: Lending Activity to Increase Significantly
Lending activity in the Polish finance sector is expected to increase significantly this year.
March 3, 2014
„The World is Close to an Enormous Conflict“
Poland´s Prime Minister Donald Tusk is highly concerned about the developments in Ukraine. Tusk warned insistently of an escalation of the conflict, which might entail “unforeseeable consequences”.
March 2, 2014
Polish Currency Suffers from Instability in Ukraine
The Polish Zloty has become weaker because of the political instability in Ukraine.
February 28, 2014
Poland: PKO BP Takes over Nordea’s Insurance Division
Polish financial market regulator KNF has finally approved the takeover of life insurance company Nordea TUnZ by PKO BP.
February 27, 2014
VIG Third Biggest Insurance Company in Poland
Vienna Insurance Group records strong performance in Poland.
February 27, 2014
Poland: Fastest Growing Economy in EU
According to the EU Commission, Poland will see the fastest growth in 2014 among the largest former communist countries of the European Union.
February 26, 2014
VIG Generates Profits in Poland
Vienna Insurance Group Polska (VIG) generated a gross profit of PLN 229m last year.
February 25, 2014
Warsaw Stock Exchange Registers Profits
The operator of Warsaw Stock Exchange (WSE) GPW saw an increase in profits in the business year 2013.
February 24, 2014
CEE Financial Markets under Pressure as Riots Continue in Ukraine
CEE markets under pressure as Ukraine violence heats up. Biggest direct risk to Polish Zloty, but also to Hungarian Forint and Romanian Leu.
February 21, 2014
“Polish Economy at Crossroads“
In an interview with Austrian daily “WirtschaftsBlatt“, Ryszard Petru, chairman of the Society of Policy Economists, sees high chances for the Polish economy; however, only if the country knows how to support innovation.
February 21, 2014
Polish Insurer PZU Closes Offices in Ukraine
Because of the ongoing riots in the Ukrainian capital Kiev, state-controlled insurance company PZU decided to shut down two offices.
February 20, 2014
Polish PKO BP Tapping into Swedish Leasing Market
Major Polish lender PKO BP has opened a branch of its leasing unit in Sweden.
February 20, 2014
Austria Most Popular Country among Hungarians
93 percent of Hungarians feel compassion towards Austria.
February 19, 2014
Poland Ranks High in FDI Attractivity
Polish cities are still very attractive for FDI, according to fDI Intelligence.
February 19, 2014
Erste: CEE Financial Market Not Concerned by Low Inflation
Low inflation will not change CEE market forecasts, according to Erste Group.
February 18, 2014
Poland: PKO BK Still Wants to Take Over Nordea
PKO BP had to extend the subscription period for the second time.
February 18, 2014
Poland: Strong Prospects for High Growth
Prime Minister Donald Tusk is positive Poland will achive a GDP growth of more than three percent this year.
February 18, 2014
Romania: Fit for Eurozone?
According to estimates by the Romanian government, the country is fit for joining the single currency union.
February 17, 2014
Cooperation between Vienna and Warsaw Stock Exchanges to Kickstart 2014
As announced by Adam Maciejewski, CEO of GPW, the operator of the Warsaw Stock Exchange (WSE), the cooperation between WSE and VSE (Vienna Stock Exchange) could be completed this year.
February 17, 2014
Fitch Keeps Polish Sovereign Rating Unchanged
The U.S. rating agency has reassessed Poland´s sovereign debt rating.
February 15, 2014
Austria: Changes Ahead of Buwog’s IPO
Buwog, residential builiding affiliate of real estate company Immofinanz, will be listed from April 28 on and is supposed to become a candidate for the leading Austrian index ATX at the Vienna Stock Exchange (VSE).
February 14, 2014
Poland: PKO BP Planning to Establish Mortgage Bank
The Polish bank intends to found a mortage bank around the beginning of the year 2015.
February 14, 2014
Immofinanz Kicking Off IPO of Buwog
Listed real estate company Immofinanz is kicking off its inital puplic offering of residential real estate affiliate Buwog.
February 13, 2014
Poland: Consumer Loans Expected to Rise Significantly
Last year consumer loans saw a 16 percent growth which leads to expecations that Poland will register a double-digit growth rate in 2014 as well.
February 12, 2014
Poland: Sharp Decline in Insurance Prices
Insurance policy prices dropped almost 30 percent last year.
February 11, 2014
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