Since 1989, Poland has stood out among the former communist countries as the most successful reformer with the highest cumulative economic growth. It sailed through the global crisis and was the only European Union nation that didn’t experience a recession in 2009.
Jeronimo Martins SGPS SA remains focused on delivering the lowest possible prices at its Biedronka supermarket chain in Poland to fend off growing competition, Chief Executive Officer Pedro Soares dos Santos said.
Emerging-market stocks declined to a three-week low after better-than-estimated U.S. data bolstered speculation the Federal Reserve will reduce stimulus. South Africa’s rand slumped to the lowest level since 2009.
Poland’s Defense Ministry said it’s exploring closer ties with European Aeronautic, Defence & Space Co., responding to a report that the eastern European country may seek to buy a small stake in the parent of Airbus SAS.