The Polish economy has proved to be resilient in the past and even though one cannot rule out a slowdown similar to the 2009 one, Poland's credit profile remains strong in the context of Europe's worsening economic outlook, Jaime Reusche from Moody's Investors Service said in a statement sent to the Polish Press Agency. In 2009, Poland's GDP growth slowed down to 1.7%, when most of Europe experienced recession. In March, Moody's assigned a Prime-1 short-term debt rating to the government of Poland. The government's existing long-term debt rating has been confirmed at A2 with a stable outlook. |
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