Listed builder Budimex has received a lawsuit worth nearly PLN 1.05 billion (EUR 246 mln) relating to the construction of unit 7 at Elektrownia Turow, Budimex said in a market filing. The lawsuit was filed by listed power utility PGE's mining unit, PGE Gornictwo i Energetyka Konwencjonalna, against consortium members Mitsubishi Power Europe GmbH, Tecnicas Reunidas and Budimex.
Listed chemical group Azoty's unit, Azoty Pulawy, has informed listed builder Polimex Mostostal that it has withdrawn, through the fault of the contractor, from the incomplete part of the contract for the construction of a coal-fuelled power unit in Pulawy, Azoty Pulawy said in a press release.
Listed debt collector Kruk will issue up to 700,000 AP3 series bonds with a total nominal value of up to PLN 70 million (EUR 16.4 mln), the company said in a market filing.
Lack of fiscal tightening limits the room for monetary policy, Poland's central bank NBP governor Adam Glapinski told a press conference following a Monetary Policy Council's decision on interest rates made on Thursday.
Discussions on rate cuts in Poland will only be possible if CPI inflation stabilises in the fourth quarter of 2025 and if sustainable decrease will be expected in further quarters, Poland's central bank NBP governor told a press conference following a Monetary Policy Council's decision on interest rates made on Thursday.
The current exchange rate of the Polish zloty is acceptable for the economy, Poland's central bank NBP governor Adam Glapinski told a press conference following a Monetary Policy Council's decision on interest rates made on Thursday.
Poland's President Andrzej Duda has signed the 2025 budget law and sent some of the provisions to the Constitutional Court for follow-up scrutiny, the head of the presidential office Malgorzata Paprocka told a conference on Friday.
Core inflation in Poland is expected to remain at around 4 percent in 2025, Poland's central bank's governor Adam Glapinski told a press conference following a Monetary Policy Council's decision on interest rates made on Thursday.
Prolonged period of elevated CPI may affect inflation expectations and increase wage pressures, Poland's central bank NBP governor Adam Glapinski told a press conference following a Monetary Policy Council's decision on interest rates made on Thursday
Regulatory decisions that drive up inflation change the conditionality of monetary policy and indicate that discussion of possible interest rate cuts must be postponed, Poland's central bank NBP governor Adam Glapinski told a press conference. He added that labour market conditions are an obstacle.
Poland's CPI inflation will not fall towards the target in the coming quarters, there could be a decline in the third quarter of 2025 but an increase in the fourth quarter is expected and at the end of 2025 it will be at current level, Poland's central bank NBP governor Adam Glapinski told a press conference following a Monetary Policy Council's decision on interest rates made on Thursday.