The local government of the Wielkopolska province (western Poland) has passed a resolution stipulating for a bond issue worth of PLN 228mn (EUR 54mn) this year. The majority of the issue's proceeds (PLN 208mn) will be earmarked for the 2013 investments, while part of them (PLN 20mn) for rolling over older notes.
This year, the province plans to invest PLN 402mn in road and railway infrastructure, PLN 108mn on land or drainage improvement and PLN 93mn on the authorities new seat.
The province's debt is planned at PLN 532mn at the end of 2013.
Poland broke EU law by increasing logging in the ancient Bialowieza Forest under a pretext of fighting spruce beetle, the Court of Justice of the European Union (CJEU) ruled on April 17. The ... more
Standard and Poor’s raised its outlook for Poland from stable to positive on April 13, while maintaining the country’s rating at BBB+. The raising of the outlook is based on ... more
Finland has issued a second and final permit for the construction of the controversial Nord Stream II pipeline that is to pump gas from Russia directly to Germany via a Baltic Sea route, the Regional ... more