Donald Tusk News
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Joanna Tyrowicz takes action when she’s got a point to make.
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Poland approved the outline of its 2014 budget, which assumes the European Union’s largest eastern economy will expand 2.5 percent.
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No large company in the world has been so spectacularly mismanaged as Russia’s state-dominated natural-gas corporation Gazprom OAO. In the last decade, its management has made every conceivable mistake.
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PGE SA, Poland’s largest power producer, plunged the most in more than three months after Prime Minister Donald Tusk said the state-controlled utility should continue its 11.6 billion-zloty ($3.6 billion) project to expand the Opole power plant.
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Latvia is banking on a green light for its euro-adoption bid awakening investors who’ve so far failed to drive an asset rally similar to the one neighboring Estonia experienced before it switched currencies in 2011.
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Most of Russia’s state-controlled companies have refused President Vladimir Putin’s appeal to raise dividends, providing a fresh reason for investors to avoid the cheapest emerging-market stocks.
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The Czech Republic is unlikely to adopt the euro before 2019, central bank Governor Miroslav Singer said, envisaging a longer accession process than the country’s pro-European Union President Milos Zeman.
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Record stock sales and a growing economy are helping Poland solidify its position as central Europe’s busiest financial center, even as euro-area neighbors struggle to shake the sovereign-debt crisis.
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Poland’s shale gas boom is threatened even before it gets started after some wells failed and the government sought to increase taxes on profits.
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Polish Finance Minister Jacek Rostowski said the premium his government pays on debt relative to the neighboring Czech Republic may disappear over the next four years as he strives to keep the economy out of recession in the face of monetary policy that he deems too strict.
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