Poland to Tax Shale Gas from 2015
The Polish government is working on introducing levies on the production of hydrocarbons in the country, said Finance Minister Jan Vincent-Rostowski. Implementation will take several years. Continue reading
Poland surveys the eurozone turmoil: eager to join, but perhaps not yet
The cliched western view of Poland – bogged down by communist inefficiency and rusting tractors – is long gone. This was the only EU economy to avoid contraction in the dark days of 2009, leading the prime minister to describe Polish economic growth (albeit at a modest 1.6%) as a “green island” amid the red sea of recession elsewhere in the union. Continue reading
Poland Needs Additional Steps to Meet Deficit Goal, S&P Says
Poland will have to take additional measures if it wants to cut the budget deficit to 3 percent of gross domestic product this year, Standard & Poor’s said. Continue reading
Polish industry still going strong
While the eurozone sputters into a recession, Poland’s economy continues to do well: industrial production numbers released today show an annual increase of 9 per cent in January. Continue reading
Polish Industry Still Growing
POLAND: The average wage in Poland’s corporate sector rose 8.1% on the year in January, compared with a 4.4% increase in December, the Polish statistics agency said in a statement Thursday. Continue reading
Polish bond market: banks get in
Poland has traditionally been a ravenous importer of capital, but the country’s growing wealth coupled with international instability is prompting business and the central and local governments to turn to the domestic bond market – with surprisingly strong results. Continue reading
Polish lenders tightening credit on economic doubts
Poland’s banks tightened credit in the fourth quarter of 2011 and expect to stick to more restrictive lending in the first months of this year because of the uncertain economic environment, the central bank said on Wednesday. Continue reading
Polish Prices Slowed Last Month, Weakening Case for Higher Interest Rates
Poland’s inflation rate fell for a second month in January, reaching its lowest level since July 2011 as a stronger zloty cut the price of imported goods and reducing the probability of a central bank rate increase. Continue reading
A gold rush is underway in Poland, where international energy companies are scrambling for the right to drill for shale gas. Poland’s government sees the extraction as a ticket to independence from Russia’s Gazprom, but some residents near the drilling sites are wary of the risks. Poland ‘begrudgingly’ signed up to fiscal pact
Poland’s finance minister has said it would be “absurd” for any country to have confidence in the euro given the current economic environment. Continue reading
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