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's consumer price index expanded 2.1% y/y in December, shedding 0.4pp compared to the annual growth rate seen the previous month, statistics office GUS announced on January 15. The ... more
Poland’s National Broadcasting Council (KRRiT) has cancelled on January 10 its own decision to fine the US-owned media group TVN PLN1.48mn (€350,000) for covering protests against ... more
Poland’s state-controlled oil and gas company PKN Orlen has launched an offer to take over Czech refiner Unipetrol, the Polish company said on December 13. PKN Orlen said it will go through with ... more