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Europe Top News and Analysis Poland

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  • WARSAW, Aug 27- Goldman Sachs will hire "several hundred" employees for its Warsaw- based technology and operations units over the next three years, the U.S. bank said on Thursday. "In a strategic decision, the firm will now expand its footprint in Warsaw," said Goldman Sachs spokesman for central and eastern Europe, Adib Sisani. Goldman Sachs has had an office in Warsaw...

  • WARSAW, Poland— Poland will pay more than 500 million zlotys in compensation to the thousands of farmers who have lost crops and fodder because of drought and unusually high temperatures, the agriculture minister said Tuesday. That brought river and groundwater levels down and restricted navigation on Europe's second largest river, the Danube in Romania, and...

  • WARSAW, Poland— According to Polish lore, a Nazi train loaded with gold, artworks and weapons vanished into a mountain at the end of World War II, as the Germans fled the Soviet advance. We are taking this information seriously, " Marika Tokarska, an official in the southwestern Polish district of Walbrzych, told The Associated Press on Thursday.

  • DIARY- Emerging Markets Economic Events to Sept 2 Wednesday, 19 Aug 2015 | 8:02 PM ET

    JAKARTA, Indonesia- Federal Reserve Bank of San Francisco releases text of speech of President John Williams before the Bank Indonesia-BIS Research Conference in Jakarta- 0645 GMT. SEOUL, South Korea- Federal Reserve Bank of Minneapolis President Narayana Kocherlakota speaks before the "Macroeconomic Policy and Price Measurement Issues in a Low Inflation...

  • WARSAW, Poland— The CEO of Poland's national airline, widely credited with turning around the company, unexpectedly announced his resignation Tuesday. The spokesman for the Polish treasury ministry, Emil Gorecki, said Sebastian Mikosz' resignation was accepted, but was a surprise as talks are underway with a potential investor for the airline, LOT.

  • WARSAW, Aug 17- Polish President Andrzej Duda said banks should bear the responsibility for solving the issue of Swiss franc mortgages because they made huge profits on them, but a solution must not destabilise the banking sector. Poland is one of the last countries in eastern Europe to tackle a foreign currency mortgages problem, described by central bank...

  • UPDATE 2-Jaguar Land Rover eyes Slovakia for new plant Tuesday, 11 Aug 2015 | 10:14 AM ET

    LONDON/ BRATISLAVA, Aug 11- Luxury carmaker Jaguar Land Rover has signed a letter of intent to build a new car plant in Slovakia, a further expansion away from its British manufacturing base as it seeks to boost sales worldwide. A trade union source told Reuters earlier in the process that Jaguar Land Rover was considering the Czech Republic, Hungary, Poland and...

  • UPDATE 1-Jaguar Land Rover plans new plant in Slovakia Tuesday, 11 Aug 2015 | 7:20 AM ET

    LONDON/ BRATISLAVA, Aug 11- Luxury carmaker Jaguar Land Rover has signed a letter of intent to build a new car plant in Slovakia, a further expansion away from its British manufacturing base as it seeks to boost sales worldwide. A trade union source told Reuters earlier in the process that Jaguar Land Rover was deciding between the Czech Republic, Hungary, Poland...

  • LONDON, Aug 10- With purring economies that have few connections with China or commodity markets, Central Europe is for once looking like the safest port in a storm for emerging market investors. "The Czechs have just revised up their forecasts, Hungary continues to do well getting to terms with its foreign currency debt and Poland as usual is producing very...

  • PARIS/ BERLIN, July 22- Greece's new bail-out deal imposes a stiff dose of budget rigor and market deregulation which critics say few leaders of Western Europe's biggest nations have dared serve their own voters. "Francois Hollande is very good at telling others how to do their reforms," opposition French conservative Xavier Bertrand said in a dig at France's...

  • LONDON, July 13- A bailout deal for Greece and Chinese shares' bounce to two-week highs helped lift emerging stocks by 1 percent on Monday, with the sharpest gains seen in eastern Europe. Euro zone leaders agreed on a roadmap to a possible third bailout for Greece after night-long haggling, sparking gains on equity and peripheral bond markets, even though the deal...

  • The Shanghai index rose 6 percent, its biggest percentage gain in six years, as new government support measures curbed selling. Those gains lifted MSCI equity index 1.6 percent after its near-5 percent plunge on Wednesday, its biggest one-day loss since June 2013 during the so-called taper tantrum. Yokota saw widespread contagion and currency instability as...

  • *Ukraine crisis makes NATO strategy paper look outdated. BRUSSELS, July 6- NATO is preparing for a long standoff with Russia, reluctantly accepting that the Ukraine conflict has fundamentally transformed Europe's security landscape and that it may have to abandon hope of a constructive relationship with Moscow. The "strategic concept," adopted by NATO leaders...

  • Greek turmoil a turnoff for potential euro recruits Monday, 29 Jun 2015 | 3:24 PM ET

    WARSAW, June 29- The turmoil over Greece is pushing away from the euro the very nations that could do most to burnish the currency union's tarnished credentials. Poland and Denmark are among the biggest European economies still outside the euro. Yet years of euro zone wrangling with Greece, culminating in this week's breakdown of talks with creditors, have left...

  • WARSAW, June 24- Polish prosecutors are looking into whether the outage which grounded dozens of jets operated by Polish airline Lot at Warsaw's main airport on Sunday may have been caused by a computer system error, a spokesman for the Warsaw prosecutor's office said on Wednesday. The prosecutor's spokesman said computer error was one of the versions being...

  • MOSCOW, June 24- President Vladimir Putin said on Wednesday Russia could not provide Ukraine with the gas price discount it once had, days before new gas talks between Russia, Ukraine and the European Union. Gazprom Export, the export arm of state gas producer Gazprom, which supplied Poland with 9 billion cubic metres of gas last year compared to 14.5 bcm shipped to...

  • WARSAW, June 20- Polish conservative opposition party Law and Justice on Saturday named deputy leader Beata Szydlo as its candidate for prime minister after this year's parliamentary election, which, according to opinion polls, the party is poised to win. The party's leader, Jaroslaw Kaczynski, announced he was stepping back from the role as would-be prime...

  • *Qatar Holding is biggest shareholder in Glencore. *QKR backed by Qatar and Poland's richest man. LONDON/ VANCOUVER, June 9- An investment review at Qatar's wealth fund could lead to a cut in money allocated to the mining sector, potentially hitting ventures such QKR Corp, according to five sources familiar with the matter.

  • WARSAW, May 25- Poland's main opposition party celebrated its first national election win in a decade on Monday, after its candidate for the presidency unexpectedly defeated incumbent Bronislaw Komorowski. The Warsaw stock market fell, though, as Andrzej Duda's Law and Justice party is considered less business-friendly and less pro- European Union than the...

  • WARSAW, May 25- Poland's main opposition party celebrated its first national election win in a decade on Monday, after its candidate for the presidency unexpectedly defeated incumbent Bronislaw Komorowski in a result that unnerved financial markets. His Law and Justice party is close to the Catholic church, socially conservative and considered less...