If no extraordinary developments take place in the next 18-20 months, Poland's sovereign rating will likely not be altered, but negative pressure on its ratings will rise if no reforms are undertaken, Fitch Polska's CEO Piotr Kowalski has told the central bank's portal ObserwatorFinansowy.pl. In July, credit-rating agency Fitch Ratings upheld forecasts Poland's real GDP growth of 2.3% and 3.5% in 2010 and 2011, respectively. In February, it upgraded its 2010 forecast to 2.3% from 1.5%. The government expects GDP to rise by 3.5%, 3.6% and by 4.8% in 2010-2012, respectively. ISB, tom |
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The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more