Polish banks recorded 5.42 billion zlotys in net profits during the first half of the year, up 21.5% from the 4.46 billion zlotys posted in H1 2009, financial market regulator KNF said in a report.

Poland's government approved the allocation of 7.5 billion zlotys from the demographic reserve fund to the social insurance fund (FUS) to assure payments of current pension benefits, government press office said in a press statement.

Monetary Policy Council is not satisfied with the government proposals for public finance reform plans for 2011 as it believes the government should look for more savings on the spending side to assure lower budget deficit, central bank president Marek Belka told a news conference.

Listed bank BZ WBK may lose even 100k customers after the potential take-over by listed bank PKO BP, the daily Parkiet writes citing own calculations based on results of poll conducted by Pentor.

Poland's registered unemployment rate dropped in July to 11.4% from 11.6% recorded in June, according to Central Statistical Office (GUS) figures released Tuesday.

Poland's Monetary Policy Council broke its summer vacation with a widely expected no-move on rates at the August sitting, then tweaked its rhetoric to account for external threats to the growth outlook but select domestic threats to prices.

Controversial Civic Platform (PO) politician Janusz Palikot has applied to the court with a motion to register a new parliamentary group under the name of Nowoczesna Polska (Modern Poland).

Mobile operator P4 is currently holding no talks with incumbent telco TPSA about a potential takeover by the telco giant, P4's CEO Jorgen Bang-Jensen confirmed, as cited by Reuters.

Poland's labor productivity increased by 12.3% year on year in the January-July period, stats office GUS said Tuesday.

Poland will spend 35 billion zlotys on road construction in 2011, deputy Minister of Infrastructure Radoslaw Stepien said.

Poland's Regional Development Ministry decided to rush state railways PKP PLK and energy companies to prepare projects to be financed by the European Union within 2007-2013 budget, the daily Puls Biznesu writes.

Poland short-listed five potential investors for the purchase of its 51% stake in power group Enea, the Treasury Ministry said in a statement on its website.

Poland's inflation most probably hit the bottom in July and will likely rise in August, central bank NBP head Marek Belka told a press conference.

Listed chemicals group Ciech will merge its two smaller of the total four divisions, Agro and Silicate & Glass, into one, and replace intra-division controlling services with a central controlling team, the daily Parkiet writes.

Polish bonds have become very popular since the decline of global share prices triggered by pessimistic wording of the recent Fed statement on the state of American economy.