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Poland
Rostowski Wants Further Interest Cuts
Poland´s Minister of Finance calls NBP (Polish National Bank) to continue the expansive monetary policy
January 11, 2013
Poland: Euro Introduction Still Unpopular
Polish citizens still reject giving up their national currency. The government wants to persuade the people.
January 10, 2013
Poland: NBP Cuts Interest Rate Again
Poland´s National Bank has decided to lower the base rate for the third time in a row.
January 10, 2013
NBP Plans Further Interest Rate Cuts
Further interest cuts are likely, NBP´s governor Marek Belka told FT in an interview.
January 8, 2013
Poland: Unemployment Rate Grows Further
At the end of December, Poland´s unemployment quota reached 13.3%.
January 8, 2013
Rostowski Initiates Debate on Eurozone Accession
Poland´s Minister of Finance Jacek Rostowski wants to define a criteria catalogue for Poland in order to create the accession “safe and advantageous”.
January 7, 2013
CESEE Equity Market: Upside Trend after Slow Start
Country allocation: An overweight on Russia is a strong bet for the coming quarter and mostly based on liquidity searching for an option after Turkey performing so strongly, Erste Group says.
January 7, 2013
Poland: LOT to Downsize Radically
The financially stricken Polish airline must scale-down its activities drastically in order to become profitable again
January 5, 2013
CESEE: Construction Industry Shrinks Further
The European research institute Euroconstruct expects a negative development for the construction industry in the CESEE region.
January 5, 2013
Poland Plans Bank Taxes
The Polish government considers introducing bank taxes in order to stabilize the banking sector.
January 4, 2013
Significant Upward Trend in Austrian Tourism Sector
Positive start in winter season 2012/13: 4.15 million overnights in November. The number of guests from Italy and Russia is growing remarkably.
January 4, 2013
Poland: Government to Focus on Family and Employment
Poland´s Prime Minister Donald Tusk announced that the government aims to create more than 400,000 jobs this year.
January 4, 2013
Poland: Public Debt Level Shrinks Slightly
At the end of 2012, the public debt level came at 53% of GDP. One year before, the quota stood at 53.5%.
January 3, 2013
Poland Promotes Privatizations
This year, Poland´s revenues from privatizations total more than € 2.3bn.
December 30, 2012
Poland: € 100m Aid for LOT
The Polish government grants a massive capital injection for the financially stricken airline.
December 27, 2012
CESEE: Airline Industry in Severe Crisis
The airline industry in East and Southeast Europe faces enormous difficulties. Not only Polish LOT needs immediate help.
December 21, 2012
Highest Percentage of Low-Wage Earners in Baltic Countries
One out of six employees in the EU27 was a low-wage earner in 2010. Large differences between men and women, levels of education and types of contract.
December 20, 2012
Poland: Recovery in Mid-2013
Poland´s new Deputy Prime Minister Janusz Piechocinski forecasts an upward trend beginning in the second half of next year.
December 20, 2012
Bank Austria: Poland and Turkey are Most Attractive
According to Bank Austria´s board member Gianni Franco Papa, the performance of CESEE markets is satisfying.
December 19, 2012
Poland and Hungary to Cut Interest Rates Further
Unlike the Czech Republic, Poland and Hungary still have some downward potential. The inflation rate is still below the base rate.
December 19, 2012
Komorowski: “Poland Needs Euro”
Poland´s President Bronislaw Komorowski wants his country to join the Eurozone. Now, the government has to convince the people, he says.
December 19, 2012
Rostowski: “Poland Will Enter Eurozone as soon as Possible”
Poland´s Minister of Finance Jacek Rostowski announced that his country wants to become a member of the Eurozone. However, the problems of the Eurozone must be solved before, he said.
December 18, 2012
Polish Government Considers Joining Banking Union
Today, Poland´s Prime Minister Donald Tusk explained that Poland may become a member in the single supervision mechanism.
December 14, 2012
CEE Countries May Join Banking Union
ECB will become the main supervisor for the Eurozone´s banking industry. Non-Eurozone member countries are entitled to opt-in.
December 13, 2012
Immofinanz Develops New Project in Poland
The Austrian real estate company expands activities in Poland: Start of construction on Nimbus office development project
December 13, 2012
Poland Grants State Aid to LOT
Poland´s national airline LOT gets financial support of more than € 100m.
December 12, 2012
Polish National Bank Criticized
Poland´s Minister of Finance Jacek Rostowski thinks that NBP (National Bank of Poland) does not cut interest rates quickly enough.
December 11, 2012
Polish Government Retains Budget Assumptions for 2013
Poland´s Prime Minister Donald Tusk said that there is no need to change the economic assumptions at the moment.
December 5, 2012
Legal Merger of Raiffeisen Bank Polska and Polbank EFG Approved
Approval is starting point for unification of market approach and operational merger process. Cost synergies to be achieved by optimization of the branch network and the staff number, among other measures.
December 5, 2012
Poland: Another Rate Cut Expected
The Polish National Bank (NBP) will lower the interest rate one more time this year, analysts say.
December 4, 2012
Poland: Economic Growth Flattens Further
The crisis in the Eurozone also hits Poland. In the third quarter, the economic growth rate only came at 1.4%.
December 3, 2012
Poland: Piechocinski to Become New Deputy Prime Minister
After the resignation of Waldemar Pawlak, the Polish government will not collapse, observers say. PSL´s new party leader Janusz Piechocinski is expected to succeed Pawlak.
December 3, 2012
Polish Economy Slows Down
In the third quarter, annual GDP growth was below 2%, the Polish Ministry of Finance said today.
November 30, 2012
Poland: Measures Against Shrinking Population
Poland´s Prime Minister Tusk announced that the government will improve its social policy. In the next 40 years, the Polish population might decrease by 6 million.
November 29, 2012
Strabag: Losses Ahead
Next Friday, the Austrian construction group presents its results for the first nine months of 2012.
November 28, 2012
Poland: Unemployment Remains on High Level
The Polish government expects the unemployment quota to grow slightly.
November 27, 2012
Poland: Foreign Direct Investments Grow Massively
Last year, the U.S. was the biggest investor in Poland. Regarding the EU budget, Prime Minister Tusk emphasizes that cohesion funds must not be cut.
November 26, 2012
CESEE: Eurozone crisis and Austerity Push Half of the Region into Recession
Export weakness and suppressed domestic demand will push nearly half of the CESEE region into recession this year, including the Czech Republic, Hungary, Slovenia, and nearly all Western Balkan countries.
November 26, 2012
More Hungarians Leave their Country
Especially high-skilled Hungarians tend to emigrate. The labor market conditions in Hungary are often precarious.
November 24, 2012
Poland´s Population Expected to Shrink
In the next 40 years, the Polish population might decrease by 6 million.
November 24, 2012
VIG: Satisfying Results Ahead
Next Tuesday, Vienna Insurance Group will publish its results for the first nine months of 2012.
November 23, 2012
Poland: Economy Expected to Recover in 2013
Poland´s Minister of Finance Jacek Rostowski is optimistic that economic growth will accelerate next year.
November 21, 2012
Real Estate Market: Austria Is Underdeveloped
Regarding the rate of owner-occupied flats, Austria is below the EU average. Poland ranks first.
November 21, 2012
Poland: Pawlak Steps Down
The Polish Minister of Economics Waldemar Pawlak resigns. His re-election as leader of the Agrarian Party has failed.
November 19, 2012
EU Budget: Losses for Poland Will Keep Within Limits
Poland will still be the biggest net contributor. According to Poland´s Prime Minister Donald Tusk, the negotiations prove highly difficult.
November 17, 2012
Belka: Polish Economy Will Recover In 2013
The governor of the Polish National Bank (NBP) Marek Belka demonstrates optimism.
November 17, 2012
NBP: Further Interest Cuts Likely
The Polish National Bank may reduce the base rate further. Poland´s economy is expected to slow down next year.
November 15, 2012
CESEE: Massive Capital Outflow
In the second half of 2011 and in the first half of 2012, foreign banks withdrew about € 55bn from the region.
November 14, 2012
CA Immo Expands in Warsaw
“Continuing success for largest Polish property development.” The Austrian property company will complete project before the end of the year.
November 14, 2012
New Record for Bilateral Trade Between Poland and Austria
Christoph Leitl, President of the Austrian Chamber of Commerce underlines the close and friendly relationships between Poland and Austria.
November 8, 2012
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