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Moody’s raises outlook on Poland to stable

Question: hello - the moodys report referred to a presentation on the growth / taxation strategy of Poland going forward from minister morawiecki delivered recently. have you seen it/ do you have a copy pls? thank you

Answers: Thank you for your question. The forward plan for the Polish finances is contained here: http://www.mf.gov.pl/documents/764034/5874533/20170428_WPFP_2017_2020.pdf. It's in Polish at the moment, but you can check in on this website for the English version, which should be published before long: http://www.mf.gov.pl/en/ministry-of-finance/poland-in-eu/convergence-programme

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Belarus central bank to cut key rate by 1 pp to 12% in July

June 28, 2017

The National Bank of Belarus (NBB) will reduce its benchmark interest rate by 1 percentage point (pp) to 12% on July 19, the regulator said on June 28. The central bank attributed the move to the ...

EBRD to fund household energy efficiency investments in Romania

June 28, 2017

The European Bank for Reconstruction and Development (EBRD) launched a facility of up to €100mn to help Romanian households invest in energy efficient technologies on June 27.  The Green ...

Georgian gov't hires Boston-based PR firm to lobby Congress

June 28, 2017

The Georgian government has hired Boston-based PR company Rasky Partners to lobby for its interests with the US Congress and Trump administration, civil.ge reported on June 27. Georgia is the US's ...

Turkey to issue bonds to bring "under mattress" gold into economy

June 28, 2017

Turkey’s treasury has completed technical work to issue “gold bonds and gold-based lease certificates” by the end of the year in an attempt at luring tonnes of “under mattress” ...

Strike shuts down production at Serbia's top exporter Fiat Kragujevac

June 28, 2017

Workers at the Fiat Chrysler Automobiles (FCA) Srbija factory in the town of Kragujevac went on strike at 6am on June 27, forcing the plant to stop production.  FCA, a joint venture between ...

Visegrad insists EU funds must not be held hostage

June 28, 2017

EU funds should not be held hostage to politics, a senior Slovak minister insisted on June 27 as the European Commission debates placing conditions on cohesion funding. The idea of limiting funds ...

New private sector IPO imminent on Bucharest exchange

June 27, 2017

An unnamed private sector company has confirmed plans for an IPO on the Bucharest stock exchange (BVB) after a series of listings in recent months, the bourse’s CEO Ludwik Sobolewski said on June ...

Anti-money laundering body FATF grants Iran extended waiver

June 27, 2017

Iran has received an extended sanctions waiver from the Financial Action Task Force (FATF), the intergovernmental organisation founded on the initiative of the G7 to combat money laundering and the ...

Croatia joins Schengen Information System

June 27, 2017

Croatia is now connected to the Schengen Information System (SIS), the most widely used information sharing system for security and border management in Europe, the ...

Kyiv car bomb kills senior Ukrainian intelligence officer

June 27, 2017

A colonel at the Ukrainian Defence Ministry's chief intelligence directorate was killed in a car bomb explosion in Kyiv on June 27, news reports said. No one immediately claimed responsibility for ...

Russian fertiliser major Eurochem reportedly places $0.6bn Eurobonds

June 27, 2017

Russian fertiliser major Eurochem is placing an issue of 4-year Eurobonds, Prime reported on June 27, citing unnamed banking sources. Reportedly the yield guidance for the US-dollar denominated ...

Unprecedented second round run-off to decide Mongolia’s presidential election

June 27, 2017

Mongolia’s June 26 presidential election produced no clear winner and an unprecedented second round run-off will now be scheduled between the first and second-placed ...

Bulgarian battery maker Monbat acquires two German lithium ion businesses

June 27, 2017

Bulgarian lead acid battery producer Monbat Group has acquired two lithium ion battery businesses in Germany, Monbat said in a bourse filing on June 26. The price of the ...

The word is out about Slovenia as record numbers of tourists visit in April and May

June 27, 2017

The word is definitely out about Slovenia as it is attracting more holiday makers than ever. Almost 349,000 tourists visited Slovenia in April – 28% more than in the same month of 2016. ...

VW agrees wage hike to end strike at Slovak plant

June 26, 2017

Volkswagen Slovakia will hand over a 14.1% pay rise to workers at its plant in Bratislava to end a strike, media reported on June 26. The industrial action, which launched on June 20 after months ...

Russia's "church bank" Peresvet bailed in by Rosneft's bank

June 26, 2017

Russian Regional Development Bank (VBRR), a subsidiary of Russia's Rosneft oil major, now controls 99.99% in the capital of troubled "church bank" Peresvet, after acquiring an additional share issue ...

SpaceX successfully launches Bulgaria’s first geostationary communications satellite

June 25, 2017

US corporation SpaceX said that its Falcon 9 rocket had successfully launched Bulgaria’s first geostationary communications satellite – BulgariaSat-1 – into orbit on June ...

Turkey dismisses idea of closing Qatar military base despite Arab nations' demands

June 23, 2017

Turkey is not at all considering the closure of its military base in Qatar despite the demand for its immediate termination ...

Bishkek, Skopje cheapest cities for expats says new survey

June 23, 2017

The capitals of Kyrgyzstan and Macedonia are among the cheapest cities worldwide for expatriates, Mercer’s latest cost of living survey showed.  The survey is aimed at helping multinational ...

Belarus places $1.4bn Eurobonds amid failure to secure IMF loan

June 23, 2017

Cash-strapped Belarus has successfully placed $1.4bn dual-tranche US-dollar-denominated Eurobonds with five-year and ten-year maturities, Reuters reported on June 22, citing unnamed financal sources. ...

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