Gazeta Wyborcza News
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Polish inflation slowed to its weakest pace in more than six years in March, adding to pressure on policy makers to resume cutting interest rates.
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Polish inflation probably slowed to its weakest pace in more than six years in March, adding to pressure on policy makers to resume cutting interest rates.
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Poland’s interest-rate setters may just be postponing the inevitable.
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Poland’s government hasn’t yet decided on whether it will cut contributions to privately managed pension funds to narrow the budget deficit, Finance Minister Jacek Rostowski said.
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Poland’s manufacturing contraction deepened in March and the government signaled it may seek a wider budget deficit this year as the economic slowdown saps revenue.
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The zloty headed for its weakest close in almost two weeks as concern for Europe’s recovery overshadowed praise from Moody’s Investors Service for meeting Polish borrowing needs in advance.
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Poland’s currency fell to the lowest level in more than a week against the euro after a deeper-than- expected slowdown in manufacturing spurred speculation of further interest-rate cuts.
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Poland’s ruling Civic Platform party may agree to a referendum on euro adoption if the main opposition party approves constitutional amendments allowing for the currency switch, Gazeta Wyborcza reported today.
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Rescuers have evacuated all 19 workers trapped after a cave-in yesterday at KGHM Polska Miedz SA’s Rudna copper mine near Polkowice in western Poland.
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Poland’s ruling Civic Platform abandoned its plan to implement a flat tax rate, Gazeta Wyborcza reported, citing Rafal Grupinski, the deputy head of the party’s parliamentary club.
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