WARSAW: The European Union has become a source of `crisis` for Poland, its foreign minister said Thursday amid a cooling of ties between Brussels and the new rightwing government in Warsaw.`We know today that more Europe means more crisis in Poland,` Witold Waszczykowski said in a statement published on the foreign ministry website. He slammed Germany's plans for a second pipeline, Nord Stream 2, to carry Russian gas under the Baltic Sea. Poland has long seen the project as a threat to its e
Paul Wells interviews Polish President Andrzej Duda
A Polish government minister was booed and jeered at a women's congress for suggesting that the idea of a glass ceiling for women in business only exists in their minds.
Poland Awaits Moody's Review as Numbers Show Economy Shrank
The zloty and Polish bonds advanced as some investors speculated Moody’s Investors Service will maintain its credit rating for the government on Friday and data showing the slowest economic growth in three years bolstered the case for interest-rate cuts.
Poland is bracing for a possible credit downgrade by ratings agency Moody's on Friday amid international concerns over the new government's move to erode the independence of key institutions and increase spending.
BUDAPEST/WARSAW: The zloty and Polish government bonds firmed amid hopes that Moody's will only worsen the outlook of Poland's credit rating later on Friday rather than cutting the rating itself.In January, rating agency S&P downgraded Poland's credit rating, saying the ruling conservative government had weakened the independence of key institutions, particularly the constitutional court. There are fears now that government spending plans and other political measures could prompt
EconoTimes is a fast growing non-partisan source of news and intelligence on global economy and financial markets, providing timely, relevant, and critical insights for market professionals and those who want to make informed investment decisions.
As Poland braces for a credit review by Moody’s Investors Service, the only question for economists is how bad the news is going to be.
Government statistics show that Poland's economy contracted slightly in the first quarter after years of continuous growth, bad news that comes ahead of a possible downgrade by the ratings agency Moody's later in the day.
LPP SA plummeted to a two-month low on Thursday as investors shun the country’s largest clothing retailer, whose net income has been battered by the strong U.S. dollar that eats into its profitability.
The shine has been off the EU’s biggest eastern economy of 38m people.