Results for Poland
- Ex-Banker Behind Polish Pension Overhaul Seeks to Calm Market
The last overhaul of the pension system walloped Poland’s stock market, but the former banker charged with overseeing a new revamp says he is confident he can avoid a repeat, Bloomberg News reported today. “One of our aims is to strengthen the Polish cap ...
Daily Headline - abi_admin - 07/19/2016 - 13:39 - 0 comments
- Polish Utility Energa Says Not Involved In JSW Rescue Plan
Poland's fourth biggest power group Energa said on Thursday it was not interested in buying assets or shares in state-run coal miner JSW as part of a rescue plan, Reuters reported. Poland's energy minister said on Wednesday that JSW, EU's ...
Daily Headline - global.abi.org - 05/20/2016 - 09:38 - 0 comments
- Article from INSOL Europe (Week 21 - 27 March 2016) GlobalINSOLvency Editorial Board
With the beginning of 2016, an extensive amendment to the Polish act ‘The bankruptcy and reorganisation law’ will enter into force. The solutions adopted by the Polish legislator express the change of approach to the issue of enterprises restructuring an ...
Resource Article - twallace@abiwor... - 04/08/2016 - 15:43 - 0 comments - 1 attachment
- Poland Risks Breaching EU Deficit Rules, Warns OECD
Poland risks breaching EU fiscal deficit rules in 2017 as the new populist government steps up public spending to pay for childcare handouts and promised tax cuts, the OECD has warned, the Financial Times reported. The EU’s sixth-largest economy is f ...
Daily Headline - global.abi.org - 03/22/2016 - 21:20 - 0 comments
- Poland PM Sacks Deputy Finmin Over Remark On 'Toxic' Small Lenders
Poland's prime minister has dismissed Deputy Finance Minister Konrad Raczkowski, the finance ministry said on Wednesday, over his comments that a few small lenders were destined to fail, Reuters reported. "We can confirm that Raczkowski has bee ...
Daily Headline - global.abi.org - 03/10/2016 - 00:26 - 0 comments
- Poland Says Several Small Banks To Fail In 2016, No Disruption To System
European Central Bank has warned that the monthly 0.0366 percent tax on lenders' assets could prompt ...
Daily Headline - global.abi.org - 03/03/2016 - 22:46 - 0 comments
- Polish Ruling Party Waters Down Banking Levy to Protect Budget
Poland’s ruling party softened a tax on its financial industry which could have hurt its ability to finance the budget deficit, helping to rally government bonds today, Bloomberg News reported. Parliament’s public finance committee excluded banks’ roughl ...
Daily Headline - abi_admin - 12/29/2015 - 13:37 - 0 comments
- Polish Presidential Aide Says Banks Safe Despite SK Bank Failure
The Polish president's economic advisor Zdzislaw Sokal told Reuters that the failure of SK bank which cost other lenders some 1.4 billion zlotys ($348.17 million) would not inflict any damage on the domestic banking sector. Sokal added that Presiden ...
Daily Headline - global.abi.org - 11/29/2015 - 18:14 - 0 comments
- Poland's JSW Optimistic On Reaching Debt Restructuring Deal
Coking coal producer JSW expects to reach an agreement with bondholders on a debt restructuring, the company's deputy head said on Friday, three days ahead of a deadline in the negotiations. State-controlled JSW is struggling to cope with record low ...
Daily Headline - global.abi.org - 11/16/2015 - 00:20 - 0 comments
- Poland's Tauron Says Bids To Buy Troubled Brzeszcze Mine
Poland's second-biggest power firm Tauron said on Thursday it has submitted an offer to buy assets owned by the troubled state-run Brzeszcze mine, Reuters reported. The already highly-indebted Tauron said it submitted the offer through a special pur ...
Daily Headline - global.abi.org - 09/10/2015 - 22:02 - 0 comments