Poland's sovereign rating at A- with stable outlook continue to be solid, notwithstanding disappointing Q2 GDP data, according to Fitch Polska's president Piotr Kowalski. He told the Polish Press Agency that the economic slowdown reported in Q2 of 2012 was anyway expected. GDP grew by 2.4% y/y (in seasonally unadjusted terms) vs. expected growth of 2.9%. According to Kowalski, no changes concerning Poland's sovereign rating should be expected by the end of this year. In June, Fitch Ratings assigned Poland's EUR1.5bn eurobond - due on Jan 19 of 2023 - an 'A-' rating. |
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