According to the European Commission, eight banks were previously excluded from syndicated debt sales backing the European Commission’s up to €800 billion (US$950.7 billion) Covid-19 recovery fund. On Friday the EU executive said that they will be allowed to take part in future issues. According to Dialogic, Many of the Banned banks are Europe’s go-to…
The European Commission published the 2016 edition of its Regional Competitiveness Index. The index, prepared for the third time in history, presents detailed information on the development of all regions in the European Union. The results of the research is published every three years. The European Commission analysed available data on 263 EU regions. The…
Last week, the National Bank of Poland introduced a new banknote in the value of 500 PLN. The new payment instrument will have the greatest value among the banknotes that are printed for Polish people and institutions. In the wallets of Poles there are already notes in the value of PLN, 20 PLN, 50 PLN,…
The numbers coming from the Central Statistical Office (GUS) show that the end of 2016 was a very good time for the retail sector in Poland. Positive situation on the labour market made Poles inclined to visit stores and spend noticeably more money there than twelve months ago. The shopping spree is good for the…
The current energy situation in Poland is still one of the most controversial situations in our country. Poland tries to keep increasing the portion of energy from renewable sources (RES). Examples of positive effects came from for example Denmark or Germany, the countries that renewable energy took by storm. According to the TGE Information Platform…
China is launching direct trading pairs of yuan and seven foreign currencies, including zloty, Bloomberg informs. A statement from Chinese financial market regulator says: “In order to promote bilateral trading and investment between China and Poland, facilitate the use of renminbi and zloty in cross-border trading and investment settlements and meet the needs of economic…
The fourth quarter of the year has always been good for retailers. Christmas period is the time for which almost everyone is planning some heavy spending on food and presents. End of the year is also the time for Black Friday, Cyber Monday, and pre-Christmas sales and discounts. 2016 is going to be no different….
Alarming news is coming from Central Statistical Office (GUS). Polish economy has noticeably slowed down in the recent quarter. Prime Minister Szydło assures this is only temporary. The latest statistical data indicate that the country’s GDP growth fell below 3 percent in the third quarter of 2016. This is less than most economic experts predicted….
It has been a full year since Beata Szydło got appointed as Poland’s Prime Minister. As her government celebrates the first 12 months in office, a press conference was held to sum up the time in charge of the country and highlight the biggest successes of the current cabinet of ministers. In the 2015 general…
Prawo i Sprawiedliwość party in the general election campaign promised Poles lowering the retirement age. Now, they are saying they are going to keep the promise. Experts warn that the government is asking for trouble. When the previous government introduced gradual lengthening of the retirement age, many people in Poland were not impressed. The retirement…
