Money

Money supply grows 9.5% on the year

Money supply grows 9.5% on the yearMoney supply (broad money) rose by PLN 1.02bn (USD 226.17mn), or 0.4%, to PLN 288.45bn (USD 50.26bn) during the Nov 11-20 period, after a 2.4% rise in October. Yesterday, NBP reported that broad money rose... Czytaj dalej

Money supply up 1.6% in Nov 1-10

Money supply up 1.6% in Nov 1-10 Money supply (broad money) increased in the first ten days of November by 1.6%, or PLN 4.584bn (USD 1.005bn), to PLN 292.014bn, according to the National Bank of Poland (NBP). NBP reported that broad money rose... Czytaj dalej

A new management at PZU

A new management at PZU The new supervisory board of Poland's largest insurance company Powszechny Zaklad Ubezpieczen (PZU) was formed on Monday by the State Treasury, replacing Jerzy Zdrzalka with Robert Muraszko as president of the management... Czytaj dalej

The zloty falls as the money from TPSA sale come in

The zloty falls as the money from TPSA sale come inThe Finance Ministry confirmed that it had received all the expected money from the sale of the 35% in the national telecommunications company TPSA. The USD 2.4bn from France Telecom and Kulczyk... Czytaj dalej

TPSA proceeds to be used for a Brady buyback

TPSA proceeds to be used for a Brady buybackUsing the money from privatisation of TPSA, the government will be able to redeem USD 942mn worth of Brady bonds (all outstanding New Money bonds due in 2009 and Discount Bonds due in 2024), the government... Czytaj dalej

Money supply goes up 6.1% ytd

Money supply goes up 6.1% ytdPoland's money supply (M2) on September 1-20 rose 0.3% percent, or PLN 927.6mn (USD 206mn), to PLN 279.4bn (USD 62bn), according to the National Bank of Poland (NBP) announcement. In the period from the beginning... Czytaj dalej

Poland receives money from WB to finance reconstruction of the mining industry

Poland receives money from WB to finance reconstruction of the mining industryPoland has received the second part of the WB EUR 211mn loan earmarked for financing reconstruction of the mining industry. The money from the tranche will cover the... Czytaj dalej

PKP to get a PLN 1.1bn loan from WB and EBRD

PKP to get a PLN 1.1bn loan from WB and EBRDPoland's national railways Polskie Koleje Panstwowe (PKP) may receive a PLN 1.1bn (USD 239mn) loan from the World Bank and EBRD. The money would be used for financing the reform program of the ailing... Czytaj dalej

Money supply up in Sept to PLN 280.7mn

Money supply up in Sept to PLN 280.7mnPoland's money supply increased by 0.8%, or PLN 2.3bn (USD 0.5bn) in the first 10 days of September to reach PLN 280.7bn (USD 61bn), according to preliminary data of the National Bank of Poland (NBP). From... Czytaj dalej

Not all subsidies for restructuring of employment in coal mining used

Not all subsidies for restructuring of employment in coal mining usedOnly 30% of the PLN 1.68bn (USD 0.37bn) budget subsidy for restructuring of employment in coal mining industry has been used by the mining companies. The money is used for... Czytaj dalej

The banking climate index Pengab dropped by 3pp to 35.8% in September

The banking climate index Pengab dropped by 3pp to 35.8% in SeptemberThe banking climate index Pengab dropped by 3pp to 35.8% in September, according to the public opinion and market research institute Pentor. Among the surveyed banks, 52% said... Czytaj dalej

M2 goes up 0.5% in August

M2 goes up 0.5% in AugustPoland's M2 money supply grew by 0.5% in August from July to PLN 278.5bn (USD 62.0bn), the National Bank of Poland reported yesterday. The money supply increased by 5.7% or PLN 15.02bn (USD 3.5bn) since the beginning... Czytaj dalej

PKP railway company to receive a USD 340mn loan

PKP railway company to receive a USD 340mn loanThe Polish State Railways (PKP) will get a PLN 1.5bn (USD 340mn) syndicated loan from one more of eight bank consortia that declared readiness to grant the money to the ailing company. PKP needs... Czytaj dalej

Money supply up 0.2% on Aug 1-20

Money supply up 0.2% on Aug 1-20Poland's money supply rose 0.2%, or PLN 594.2mn (USD 135.6mn), to PLN 278.3bn in Aug 1-20, according to the National Bank of Poland's (NBP) preliminary data. Since the beginning of the year, the money supply rose... Czytaj dalej

Money supply up 0.2% on Aug. 1-20

Money supply up 0.2% on Aug. 1-20Poland's money supply rose 0.2%, or PLN 594.2mn (USD 135.6mn), to PLN 278.3bn, according to the National Bank of Poland's (NBP) preliminary data. Since the beginning of the year, the money supply rose 5.6%, or... Czytaj dalej

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