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  • However, Economy Minister Janusz Piechocinski said Poland would not follow Hungary in making banks convert Swiss franc mortgages to the local currency at below the current market rate. Instead, he said Poland will urge banks to let borrowers convert their loans into zlotys using the exchange rate of the day and with no commission. Economist Adam Antoniak with...

  • Poles with Swiss-franc mortgages demand govt help Saturday, 24 Jan 2015 | 11:28 AM ET

    WARSAW, Poland— Poles who have taken out mortgages in Swiss francs are protesting in a number of cities, demanding government help after the franc soared in recent weeks, making their monthly payments significantly higher. It's a pressing issue in Poland, where there's more than 500,000 outstanding Swiss-franc loans in this nation of 38 million people.

  • LONDON/ BUDAPEST, Jan 23- Hungarian Prime Minister Viktor Orban has long irritated European Union partners with economic policies that have burned foreign banks operating in Hungary. Such policies were contributing factors in the banks, including Austria's Raiffeisen and Erste and a unit of Italy's Intesa Sanpaolo, taking write-downs on their Hungarian...

  • ZAGREB, Jan 23- Damir Hajduk likens paying off his mortgage to the tale of Sisyphus in Greek mythology, condemned forever to push a boulder uphill, only for it to roll back down again and again. Hajduk is one of 60,000 borrowers in Croatia, and many hundreds of thousands across ex-Communist Central and Eastern Europe, who took out home loans denominated in Swiss...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.

  • WARSAW/ ZAGREB, Jan 21- Croatia could convert mortgages denominated in Swiss francs into the local kuna currency, it said on Wednesday, scrambling to cope with a surge in the franc's value that has hit hundreds of thousands of homeowners across central and eastern Europe. In Poland- the country worst affected by the Swiss National Bank's surprise decision last...

  • DIARY-Emerging Markets Economic Events to Feb 3 Tuesday, 20 Jan 2015 | 7:02 PM ET

    **SEOUL- Bank of Korea Governor Lee Ju-yeol will hold a press conference with foreign media at the Seoul Foreign Correspondent's Club- 2230 GMT. **SEOUL- Bank of Korea Governor Lee Ju-yeol will meet the heads of banks in South Korea- 2230 GMT. PRETORIA- The South African Reserve Bank starts its three-day monetary policy committee meeting.

  • WARSAW, Jan 20- Poland pressed its banks on Tuesday to provide relief for half a million homeowners faced with soaring repayments on mortgage loans denominated in Swiss francs and ordered an investigation into the lending practice. A surge in the value of the franc since the Swiss National Bank scrapped its cap against the euro last week has seen mortgage...

  • WARSAW, Jan 20- Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were meeting the finance minister, regulators and Central...

  • WARSAW, Jan 20- Polish Prime Minister Ewa Kopacz ordered an investigation on Tuesday into local banks' offering of mortgage loans in Swiss francs, a practice which has put 550,000 Polish homeowners at the mercy of financial markets since the franc surged last week. Separately, the heads of major banks were due to meet the finance minister, regulators and Central...

  • WARSAW/ VIENNA, Jan 15- Polish lenders may take the biggest hit in central Europe from the Swiss National Bank's sudden move to scrap its cap on the franc on Thursday, after Hungary forced lenders late last year to convert their mortgages in francs into forints. Poland's stock of Swiss franc-denominated mortgages stood at about $36 billion at the end of last...

  • WARSAW, Jan 5- Weaker growth in Hungarian manufacturing led a slowdown in central European factory output in December as falling oil costs failed to offset the drag from the euro zone's malaise and the crisis in Russia. The Manufacturing PMI index for Poland, the region's largest economy, eased to 52.8 last month from 53.2 in November, data compiled by Markit and...

  • ABINSK, Russia, Dec 28- As U.S. and European sanctions piled pressure on Russia earlier this year, the Kremlin hit back with an unusual weapon: apples. A day after Russia decreed Polish apples forbidden, Gennady Timchenko, who made a fortune from oil trading during Putin's years in power, applied to buy a large stake in one of Russia's biggest apple producers.

  • LONDON, Dec 16- Russia's failed defense of the rouble and a plummeting oil price added to a global emerging markets rout on Tuesday that sent bourses lower in Asia, the Middle East and Europe. The MSCI emerging stocks index traded 1.6 percent lower, on track for an eighth day in the red while the Asia excluding Japan benchmark dropped 0.7 percent.

  • LODZ, Poland, Dec 14- The European Union has given Poland more than 100 million euros to build at least three "ghost" airports in places where there are not enough passengers to keep them in business. Poland is not the only country in Europe to have built airports that struggle to attract flights. Poland received 615.7 million euros in EU support for airports between...

  • OMISALJ, Croatia, Dec 10- Spurred by the demise of Russia's South Stream gas pipeline project, Croatia has revived a decade-old idea of building a liquefied natural gas import terminal at the deepwater oil port of Omisalj on the island of Krk. But the Ukraine crisis and the collapse of South Stream have refocused minds in central and eastern European nations on...

  • *Poland to spend nearly a third of 2015 budget on pensions. OPOLE, Poland, Dec 5- "I'm staying here! After 1.2 million of its citizens migrated in the ten years since Poland joined the European Union, the country is counting the economic and social cost.

  • Russia will "lose trillions" from the sanctions by entering an "unnecessary confrontation" with Ukraine, Radoslaw Sikorski, speaker of the Parliament and former Foreign Minister of Poland, adding that a unified Europe is needed to respond to Vladimir Putin..

  • *Gangs in Poland, Baltics selling illegal documents. LONDON, Dec 4- Andriy left his home town in western Ukraine earlier this year on a journey that brought him through the hands of shady traders in Poland to one of the world's booming markets for illegal immigrants- London. Fleeing the strife of war with Russian-backed fighters and a shattered economy, Andriy is...

  • If ECB rolls out QE, who will benefit?  Monday, 24 Nov 2014 | 5:50 PM ET

    Tim Umberger, Senior Advisor at East Capital, names Turkey as one of the countries that will benefit the most from potential stimulus in Europe. He later discusses the outlook for Russia.