Tag Archives: Poland

European shares fell sharply on Friday following a global sell-off in stock markets on concerns linked to the pace of central bank tightening and weak economic data. The pan-European Stoxx 600 index fell 1.4 percent in a broad sell-off and is headed for its worst daily performance in nearly two …

Hungary, Poland, and Estonia are among European nations that are unhappy with plans to launch a minimum global European shares rose in early trading today, Thursday, supported by gains in the travel and entertainment sector, which rose more than 1%, and with the follow-up to the latest developments in the …

Hungary, Poland and Estonia are among European nations that are unhappy with plans to launch a minimum global corporate tax rate of 15 percent as of January 2023.Some EU countries have slammed the bloc’s efforts to introduce a global minimum corporate tax rate of 15 percent within 12 months into …

US shares remarkably surged Wednesday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.31% to 4,701.21 and the Dow Jones Industrial Average DJIA rising 0.10% to 35,754.75. Stocks surged led by overall positivity across the financial markets …

The Narodowy Bank Polski (NBP), Poland’s central bank, raised its benchmark interest rate by 50bps as expected to 1.75% on Wednesday. The central bank also raised each of its other interest rates by 50bps; the discount rate on bills of exchange was lifted to 1.85% from 1.35%, the Lombard rate …

Next week, central bank meetings in Poland and Czechia will be the main focus. After a higher than expected flash estimate for October inflation in Poland (6.8% vs. 6.4%), Poland’s MPC should not go for a 50bp interest rate hike because of inflation.Inflation is expected to exceed 7% in the …

Polish Prime Minister Mateusz Morawiecki has warned that overreach by some of the EU institutions is a threat to the future of the bloc.In a letter to the EU’s 27 national leaders, Morawiecki defended his country’s actions, saying that the Commission is dangerously overstepping the limits of its powers by …