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Poland

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  • 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...

  • 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...

  • NY Gov Cuomo readies mission to Cuba: Report Saturday, 17 Jan 2015 | 3:31 PM ET
    A man pushes his tricycle taxi with a U.S flag on a street in Havana December 18, 2014.

    NY's Governor Andrew Cuomo is expected to announce a trade mission to the Caribbean island, the Wall Street Journal reported on Saturday.

  • 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...

  • A man pushes his tricycle taxi with a U.S flag on a street in Havana December 18, 2014.

    China has increasing economic clout in Cuba, but better U.S. relations could change that——and more——for the island.

  • 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...

  • Investing in digital tech Friday, 5 Dec 2014 | 4:10 AM ET
    Investing in digital tech

    MCI Management is a venture capital fund business that focuses on digital economy and the tech sector. CIO Tomasz Czechowicz explains more.

  • On the search for yield? Try Poland Friday, 5 Dec 2014 | 3:30 AM ET
    On the search for yield? Try Poland

    Grzegorz Zawada, deputy CEO of the Warsaw Stock Exchange, says Polish stocks give a good dividend yield for investors in a low interest rate environment.

  • EU together is stronger than Russia: Polish lawmaker

    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..

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

    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.

  • Here's just how badly Russia is bleeding capital Friday, 3 Oct 2014 | 12:09 PM ET
    Pro-Russian rebels jump off an armored personnel carrier during a parade in Luhansk, eastern Ukraine.

    New data show just how dramatically investors began abandoning Russia after the Kremlin began working to destabilize Ukraine.

  • The world agrees: Governments are corrupt Monday, 22 Sep 2014 | 12:00 AM ET
    Money in suit pocket

    In a world riven by differences, there's still plenty of common ground when it comes to public attitudes about major institutions.

  • How the Corporate Perception Indicator was created Monday, 22 Sep 2014 | 12:00 AM ET
    Business corporations

    The Corporate Perception Indicator is a survey of the population and biz execs from 25 markets, conducted for CNBC and Burson-Marsteller.

  • Europe slowdown could hit Poland: central bank chief Thursday, 10 Jul 2014 | 3:45 AM ET
    Europe slowdown could hit Poland: central bank chief

    Marek Belka, governor of the National Bank of Poland, says a slowdown in the euro zone economy would have a knock-on effect on the country's economy.

  • Rates could go up or down: Polish central bank chief Thursday, 10 Jul 2014 | 2:15 AM ET
    Rates could  go up or down: Polish central bank chief

    Marek Belka, governor of the National Bank of Poland, says interest rates are as likely to go up as they are to go down.