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Poland

Business investment declines but is expected to rise again

Polish companies' aggregate investment levels continued to decline in the first six months of 2003, dropping 2.2% to PLN 21.8 bn, but the official Central Statistical Office (GUS) underscored that the situation is improving and investment could rise in the...

#investment#investments#poland

Interest-rate on hold as growth picks up

Poland's rate-setting Monetary Policy Council (RPP) opted on Wednesday (27 August) to keep official borrowing costs on hold for a…


KUKE negotiates increased guarantee limits

The Export Credit Insurance Corporation (KUKE), a joint stock company, wants to increase the guarantees limit on behalf of the…


Coface gets licence to sell credit insurance in Poland

The Coface group has obtained a licence to deliver insurance products in Poland. It will be opening a domestic and…


Government to channel bank reserves money into guarantee funds

The government has initiated a project aimed at helping small- and medium-sized enterprises (SMEs) by revoking income tax on released…

#bank#banks#guarantee


Fortis, Forin factors and BPH PBK in joint credit...

The well-known juice producer Hortex has obtained credit totalling ZL85 million. The creditors are BPH PBK, Fortis Bank and factoring…


Credit insurance in Poland – world's largest players enter

The European giants of merchant credit insurance, Coface and Gerling NCM, are increasingly interested in the Polish market. Coface plans…


Small firms dominate economy but struggle with a lack...

Small enterprises dominate the Polish economy, constituting more than 99% of all active companies. According to a report on the…


Pekao looks to increase its penetration in SME sector...

Poland's biggest non state-owned bank, Pekao SA, has pledged that its shareholders may expect some good financial results after the…


Factoring becomes increasingly popular, market set to grow

In 2002, the total value of invoices purchased by companies engaged in factoring activities reached ZL10bn, compared to ZL8bn a…


Government rescue of state firms “sacrifice SMEs” while Economy...

Criticism is levelled at the government by small- and medium-sized enterprise (SME) proprietors due to the methods employed to save…

#bankruptcy#economy#Jobs


SME’s frustrations over bureaucracy and the ‘grey market’ rise...

In the first, frothy years of Poland's post-communist transformation, more than a million small businesses set up shop, selling everything…

#GDP#small businesses#smes

‘Flawed economic policies’ that are damaging SMEs and big...

According to Samoobrona (Self-defence) leader Andrzej Lepper, farmers’ protests have been caused by improper financial policy. "SMEs are going bankrupt,…

#Paid#poland#smes

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