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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

Polish Treasury Wants To Partially Transfer Pgnig, PZU, PGE Stakes To Government Fund

Poland's treasury ministry wants to transfer part of its stakes in gas group PGNiG, insurer PZU and utility PGE into state-run investment fund TF Silesia, an official agenda for a cabinet meeting on Monday showed. A treasury spokesman declined to co ...

Daily Headline - global.abi.org - 09/08/2015 - 20:51 - 0 comments

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