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Poland

Leasing companies show very good results in 2003

Leasing companies enjoyed a boom last year as the value of assets leased in 2003 exceeded Ђ2.1 billion, a 30% increase compared to a year earlier. According to industry insiders, the record high sales were due to falling interest rates...

#exporters#interest#interest rates

New general director for Bibby Factors Polska

Bibby Factors Polska Sp. zo.o. has announced that effective 1 January 2004 Krzysztof Kuniewicz will take up his appointment as…

#management#poland#WHO


Hausner looks to a stronger zloty to ease budget...

Economy Minister Jerzy Hausner said that next year's budget deficit will be zl. 3 billion lower than expected. He added…

#economy#inflation


Bank Pekao takes next step in consolidating its leasing...

Bank Pekao has increased the capital of Leasing Fabryczny by zl. 15.7 million (US$4.2m), which now stands at zl. 28.1…


Erste Bank considers bank takeover in southern Poland

Erste Bank is considering a takeover of a Polish bank with a good position in the southern parts of the…

#bank#financial services#poland


KBC raises stake in insurer Warta

Belgian KBC Insurance raised its stake in Polish insurer Warta from 40.03% to 51.03%. The increase in the shareholding fits…

#bank#insurance#KBC


Leading economic experts speak on the impact of next...

Next year will see a cut in the corporate income tax (CIT) from 27 per cent to 19 per cent,…

#bank#CIT#insolvency


Poland entices banks to finance EU programmes for SMEs

Poland has lured the nation's banks to finance pre-payments on EU programmes in return for a series of key legal…

#bank#banks#guarantees


Minister confirms that PKO BP-PZU capital merger is on

State Treasury Minister, Piotr Czyїewski, has confirmed earlier rumours in the press concerning plans for a capital merger between the…

#bank#insurance


Monetary Policy Council cuts mandatory reserve rate to 3.5%

The Monetary Policy Council (MPC) has cut banks' mandatory reserve level from 4.5% to 3.5%. The reduction of mandatory reserves…


Poland sees US$ 2.53 bn in FDI

Poland saw foreign direct investment (FDI) of US$ 2.53 bn in the first half of 2003 against US$ 3.2 bn…


World Bank study at odds with FDI Confidence Index

Poland has jumped up the world league of countries that are attractive to foreign direct investment (FDI), according to AT…

#bank#bankruptcy#investment

Global FDI confidence index shows Poland in 4th place

According to a report from global consulting company A.T. Kearney on the FDI (foreign direct investment) confidence index, the most…

#investment#investments#poland

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