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The Warsaw Voice » News from March 9, 2018
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Paweł Borys, president of Polish Development Fund (PFR) talks to Juliusz Kłosowski (excerpts):
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The Polish government hopes the European Union will carry out a deep and merit-based analysis of the so-called white book explaining the Polish judiciary reform contested by the EU, Mateusz Morawiecki said after his meeting with Jean-Claude Juncker.
Alior Bank reported an attributable net profit of PLN 143.1 million in the 4th quarter 2017, meeting market expectations, Alior's 2017 financial report showed.
The Polish government wants to relax the current financial investment limitations on PLN 8.8 billion of assets of demographic reserve fund (FRD), to allow for placing these means also in long-term state-guaranteed securities, shows a draft bill prepared by the Labor Ministry.
Listed real estate developer Ronson Europe recorded a PLN 9.3 million attributable net profit in 4th quarter 2017, above consensus expectations for a PLN 5.9 million net profit .
Listed fuel group Lotos reported a 4th quarter 2017 attributable net profit of PLN 484.7 million, slightly below market expectations for PLN 503.4 million, the group financial report for 2017 showed.
Troubled rolling stock producer Pesa might eventually merge with its peer FPS Cegielski following its rescue by Polish Development Fund (PFR).
Listed media group Agora suffered in he 4th quarter of 2017 a PLN 73.5 million attributable net loss, deeper than the PLN 66.4 million net loss expected earlier
Poland can increase the supply of apartments by 100,000 per year in its housing support program Mieszkanie plus introduced by the government last year.
Poland's shadow economy is expected to shrink to 18% of GDP this year from 18.7% in 2017, marking the biggest annual decline in years.
Poland risks considerable weakening of its position on the international stage should the EU member states vote over a formal statement that there is a clear risk of a breach of EU values in Poland, Marek Prawda, Head of the European Commission's Representation in Poland says.
The Polish government has found itself under subtle diplomatic pressure from the US concerning the contested anti-defamation law
The Polish Monetary Policy Council (MPC) is likely to hike interest rates no sooner than in 2019, major banks universally say following what they call a remarkably dovish stance expressed by MPC at the Wednesday conference.
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