Poland's president Bronislaw Komorowski endorsed a new law, allowing individuals with mortgage loans in a foreign currency to buy the currency for the repayment installments outside the lender, thus allowing them to get more favorable rates, the Polish public radio reported. The adoption of the law was driven by the soaring Swiss franc against the Polish zloty - the frequency in which most mortgage loans are being taken. |
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