Polish battery manufacturer BMZ has announced the insolvency of two German subsidiaries: BMZ Germany GmbH and BMZ Holding GmbH, both headquartered in Karlstein am Main. As reported by the trade agency electrive, citing an official release by the company, both insolvency proceedings have been initiated under self-administration and were approved by the Aschaffenburg local court on October 24, Sustainable-Bus.com reported. In the bus business, BMZ is mainly know as the provider of NMC4 modules adopted by Daimler Buses on its eCitaro range (starting in 2026), as announced already in 2024.
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Vestas Wind Systems said that lower demand in Europe has pushed it to pause the planned construction of a new factory in Poland, the Wall Street Journal reported. The Danish wind turbine maker last year unveiled plans to build a new blade factory in Szczecin, near the Baltic Sea coast, to support Europe’s build-out of offshore wind parks. The plant was expected to build 15.5-meter blades for its flagship offshore turbine starting in 2026, employing more than 1,000 people.
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Poland’s central bank cut borrowing costs on Wednesday, lowering its benchmark rate by 25 basis points to 4.75%, matching forecasts, EuroNews.com reported. This came after inflation eased to 2.8% in August, marking the lowest level since summer 2024. The total is also dramatically lower than the peak of over 18% seen in 2023. The public sector deficit for this year has been revised up to 6.9% of GDP, from a previous 6.3%. In 2026, the budget creates a projected deficit of 6.5%, notably as Poland plans to spend more on defence.
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Polish manufacturer 7Anna, owner of the cycling brands Rondo, NS Bikes and Creme Cycles, has filed for bankruptcy. A Polish industry leader in recent years, the 24-year-old company had become known for its diverse range of bikes, from Rondo's gravel bikes to Creme's urban riders, Bike Europe reported. The news was first reported by local media Polityka, though apparently leaked court documents had already revealed the Chapter 11 filing. "The series of blows that hit us were too hard. Sometimes you have to fall to rise stronger," the CEO Tomasz Cybula told Polityka.
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Two Polish policymakers threw their weight behind an interest rate cut of as much as 50 basis points next month, a day after central bank Governor Adam Glapinski unexpectedly pivoted toward monetary easing, Bloomberg News reported. The governor’s self-described “radical shift” in the outlook for interest rates continued to depress Warsaw-listed stocks and the zloty on Friday. The Polish currency has weakened 2.2% against the euro over the last two days amid a sharp global selloff stoked by new US tariffs. Glapinski’s all-or-nothing style is hard to grasp for financial markets.
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Hungary's central bank-linked foundations are facing renewed scrutiny over their investment practices after a scathing report from the State Audit Office (ASZ) triggered a sell-off in assets linked to their portfolio, IntelliNews.com reported. The scandal has spread to Polish-based real estate developer Globe Trade Centre, listed on the Warsaw Stock Exchange. After the report by ASZ, yields on a 2026 euro bond issued by the company surged from 8.4% to 13% in a week, and its shares fell 7%.
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Poland’s central bank refrained from cutting interest rates for another month as policymakers’ rhetoric turned more hawkish despite a softer-than-expected inflation print in December, Bloomberg News reported. The Monetary Policy Council kept its benchmark at 5.75% on Thursday — the level where it’s been since late 2023 — in line with the forecasts of all 32 economists surveyed by Bloomberg. Inflation — at 4.7% in December — has remained above the central bank’s tolerance range for six months and policymakers are concerned it will stay elevated in the quarters ahead.
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The Polish government’s decision to reduce energy prices only until next September has “complicated” the outlook for inflation and effectively delayed the timing of interest rate cuts, according to the central bank, Bloomberg News reported. The country’s Monetary Policy Council will likely delay discussions over rate reductions until at least October, which could push back cuts into 2026, Governor Adam Glapinski said on Thursday. The MPC kept its benchmark unchanged at 5.75% during this week’s meeting.
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