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Europe Top News and Analysis Poland

  • WARSAW, Jan 25- Poland's state-run defence firm PGZ has signed a memorandum of understanding with French military shipbuilder DCNS that could allow them to work together on building submarines in Poland, PGZ said in a statement. The agreement marks an improvement in relations between Poland and France after Warsaw last year cancelled a preliminary $3.4...

  • WARSAW, Jan 25- Poland's state-run defence firm PGZ has signed a memorandum of understanding with French military shipbuilder DCNS that could allow them to work together on building submarines in Poland, PGZ said in a statement. The agreement marks an improvement in relations between Poland and France after Warsaw last year cancelled a preliminary $3.4...

  • VIENNA, Jan 25- Kremlin-controlled Gazprom, Europe's largest gas supplier, has warned of risks to its deliveries to Europe via Poland as Warsaw has yet to accept new terms for gas transit. Poland, which imports most of the gas it consumes from Russia, has said it does not plan to renew a long-term supply contract with Moscow when the deal with Gazprom expires in 2022..

  • BUDAPEST, Jan 25- Poland's currency and stocks outperformed regional assets on Wednesday morning as the central bank said it could keep policy loose for as long as two years if needed to boost growth. Poland, by far the region's largest economy and the only one which avoided recession throughout the financial crisis, has struggled with below-average growth...

  • WARSAW, Jan 23- Poland's exports, which are included in calculating gross domestic product, were overestimated in 2015 and 2014 by as much as 30 billion zlotys each year due to tax scams, Finance Minister Mateusz Morawiecki said. Any revision could affect GDP growth data for 2016 due to the base effect, as well as data showing the level of Poland's deficit and debt in...

  • DAVOS, Switzerland, Jan 18- Two of Europe's biggest banks warned on Wednesday that they could each move about 1,000 jobs out of London as they prepare for expected disruption caused by Britain's exit from the European Union. Germany's Handelsblatt newspaper also reported that Goldman Sachs is considering halving its London workforce to 3,000 and moving key...

  • BERLIN, Jan 18- Goldman Sachs is considering moving up to 1,000 staff from London to Frankfurt because of concerns over Britain's vote to leave the European Union, Germany's Handelsblatt newspaper reported on Thursday, citing financial sources. The U.S. bank is considering halving its London staff to 3,000 and moving key operations to New York and continental...

  • *Budapest, Warsaw stock indices shed about half a percent. Changes in trade rules can affect Central Europe's export-driven economies, although Britain accounts for only a few percentage points of the region's foreign trade, said Monika Kiss, analyst of Equilor brokerage in Budapest. The main stock indices in Budapest and Warsaw were about half a percent lower.

  • BUDAPEST/ WARSAW, Jan 12- Polish government bonds retreated on Thursday amid expectations that the European Central Bank will further taper its economic stimulus in the euro zone, which has also helped buoy Central European asset prices. Poland's 10- year bond yield, after an initial 7 basis point fall, tracked a rise in Bund yields and edged up 10 basis points...

  • MOSCOW- Gaidar Economics Forum 2017 to be held in Moscow. WARSAW- National Bank of Poland monetary policy meeting. VIENNA- Austrian Finance Minister Hans Joerg Schelling to speak about 2017 economy and fiscal issues- 0930 GMT.

  • BUDAPEST/ BUCHAREST, Jan 6- Romania's leu hit a 4- week high against the euro on Friday as the central bank kept rates on hold, though it forecast inflation would turn positive Poland's zloty and Hungary's forint also strengthened to strike 2- month highs, amid thin trading volumes in regional markets, with Warsaw closed for holiday. But the prospect of further U.S....

  • BUDAPEST, Jan 5- Hungarian stocks hit another all-time high on Thursday, the fourth record in as many sessions, on the back of a strong showing by drug maker Richter, which said it planned to boost its global standing after a strong year last year. Richter gained 1.7 percent, outperforming peers, after CEO Erik Bogsch said the company planned to be "much more...

  • BUDAPEST, Dec 23- Romania's leu fell to a six-month-low against the euro and multi-week lows against Central European peers on Friday amid concerns that the next government in Bucharest will let the budget deficit rise. They are also striving to stop a steady loss of workers leaving for more prosperous countries in the west of the European Union.

  • CHISINAU- National Bank of Moldova announces interest rate decision. CAIRO- Central Bank of Egypt monetary policy meeting. BOGOTA- Bank of Colombia publishes the minutes of its December board meeting.

  • *Poland rejects new EU warning over rule of law. BUDAPEST/ PRAGUE, Dec 22- Czech two-year government bond yields traded near record lows on Thursday as the central bank, after a policy meeting, reaffirmed plans to ditch its crown cap around mid-2017 following the extension of the European Central Bank's stimulus program. Loose ECB policy could increase upward...

  • *Poland rejects new EU warning over the rule of law. BUDAPEST/ PRAGUE, Dec 22- Czech 2- year government bonds traded near record low yields ahead of Thursday's central bank meeting which is seen reaffirming a plan to abandon an exchange rate cap on the crown. It has forced the central bank to boost foreign currency reserves via crown selling to 80 billion euros from...

  • MANILA- Philippines Central Bank monetary policy meeting. PRAGUE- Czech National Bank monetary policy meeting, followed by a statement and a presentation. CHISINAU- National Bank of Moldova announces interest rate decision.

  • *Romania closer to setting up government, Bulgaria to elections. BUDAPEST, Dec 21- Polish stocks hit an eight-month high on Wednesday, reflecting optimism about the country's growth prospects next year and shrugging off political tension as opposition lawmakers continued a sit-in in parliament. Central European assets mostly weathered uncertainty in...

  • BUDAPEST, Dec 21- The zloty tested 5- week highs against the euro and Polish stocks touched an 8- month high on Wednesday ahead of a news conference by top ruling party leaders likely to address the political crisis over the rule of law in Poland. Central Europe's healthy long-term economic growth prospects have been supporting assets in the region as the end of...

  • *Poland removes media ban that provoked protest. BUDAPEST/ LONDON, Dec 20- Hungarian government bonds extended gains on Tuesday while European debt markets were mixed after the Hungarian central bank eased policy further at its meeting. Growth in Central Europe has slowed this year although increases to government spending and an inflow of European Union...