Jim Cramer highlights that the U.S. is spending less on our military, but does that mean defense stocks are a lost cause? Maybe not.» Read More
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'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...
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...
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...
MCI Management is a venture capital fund business that focuses on digital economy and the tech sector. CIO Tomasz Czechowicz explains more.
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.
*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...
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.
New data show just how dramatically investors began abandoning Russia after the Kremlin began working to destabilize Ukraine.
In a world riven by differences, there's still plenty of common ground when it comes to public attitudes about major institutions.
The Corporate Perception Indicator is a survey of the population and biz execs from 25 markets, conducted for CNBC and Burson-Marsteller.
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.
Marek Belka, governor of the National Bank of Poland, says interest rates are as likely to go up as they are to go down.