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Marcin Goclowski

Polish Church says 382 minors abused by clergy from 1990-2018

Mar 14 2019

WARSAW As many as 382 children were sexually abused by clergy in Poland between 1990 and 2018, according to findings presented on Thursday by the Polish Catholic Church in one of the most devout countries in Europe.

'We are witches': Clerical abuse scandal divides parishes and politics in Poland

Jan 06 2019

KALINOWKA, Poland The former Catholic priest of the Polish village of Kalinowka is serving three years in jail for molesting five schoolgirls. But Marta Zezula, a mother whose testimony helped convict him, says the priest's victims are the ones made to feel guilty. | Video

For Poland's nationalists, retreat on judiciary revamp under EU pressure only tactical

Dec 18 2018

WARSAW Poland's government has cast its defeat to the European Union over judicial appointments as only a tactical retreat on the way to cementing its nationalist, euroskeptic agenda.

Polish PM wins confidence vote ahead of 2019 election

Dec 12 2018

WARSAW Poland's government of the nationalist Law and Justice (PiS) party won a vote of confidence in the lower house of parliament on Wednesday ahead of elections next year in which it hopes to strengthen its support base dented by a corruption scandal.

Financial scandal loosens grip of Poland's ruling nationalists

Nov 23 2018

WARSAW Poland's ruling nationalists were likely to survive a no-confidence vote in parliament launched on Friday, but have seen their grip on power loosened by allegations of extortion at the financial regulator.

Financial scandal loosens grip of Poland's ruling nationalists

Nov 23 2018

WARSAW, Nov 23 Poland's ruling nationalists were likely to survive a no-confidence vote in parliament launched on Friday, but have seen their grip on power loosened by allegations of extortion at the financial regulator.

CEE MARKETS-CEE currencies reverse firming on Brexit twists

Nov 16 2018

* CEE units give up gains on UK politics turmoil * Sterling may continue to guide CEE currencies-analyst * Zloty firms on cbank head quitting rumour, then retreats * Czech PPI rise underpins rate hike expectations By Sandor Peto and Marcin Goclowski BUDAPEST/WARSAW, Nov 16 Central European currencies reversed early gains on Friday as sterling and the euro retreated after a report that British lawmakers planned to bring a vote of no confidence in Prime Minister Theresa May. That overshadowed speculation that Polish central bank (NBP) Governor Adam Glapinski might quit. Sterling emerged as an unlikely driver for Central European currencies this week as the twists and turns over Britain's EU exit deal caused gyrations in European markets. While the region's trade links with Britain faced scrutiny, the main market impacts came via flows into and from big currencies such as sterling, the euro and the dollar, market participants said. "The Brexit news caused quite fast movements in sterling and the euro/dollar. The forint got affected via the dollar," one Budapest-based dealer said. Buying of the dollar, either due to European risks or rising U.S. interest rates, has often triggered a selling of Central European currencies this year. It is now being bought due to uncertainty over the economic impacts of Brexit and Italy's dispute with Brussels over Rome's increased budget deficit goal, analysts and dealers said. "Sterling is likely to set the tone for the CEE currencies in the coming weeks which will be dominated by the ongoing drama in UK politics," Rabobank fx strategist Piotr Matys said in a note dated Nov. 15. The zloty eased 0.1 percent to 4.296 versus the euro by 0958 GMT. Initially, the zloty firmed amid speculation that the NBP's governor might quit, after the head of financial market regulator KNF, proposed for the job by governor Glapinski, resigned amid corruption allegations. "It supports the zloty, as any other central bank governor who would replace him might be more hawkish," one Warsaw-based dealer said. The crown retreated and got stuck on the weaker side of the 26 line versus the euro. Earlier, it strengthened a bit after the Czech October industrial producer price index (PPI) showed a 3.9 percent annual rise, above analysts' 3.3 percent forecast. The rise underpins expectations for Czech central bank rate hikes aimed at fighting inflation to continue, said Radomir Jac, chef economist of Generali Investments CEE. The bank could take a break in December after four straight rate hikes and deliver the next increase in February, he added. Hungary's forint was a touch firmer. Hungary's central bank is expected to hold rates at record lows on Tuesday, but it may send a signal about future tightening against a backdrop of robust economic growth and rising inflation. CEE SNAPSHOT AT MARKETS 1058 CET CURRENCI ES Latest Previous Daily Change bid close change in 2018 Czech <EURCZK= 26.0020 26.0000 -0.01% -1.77% crown > Hungary <EURHUF= 321.6800 321.7900 +0.03% -3.35% forint > Polish <EURPLN= 4.2960 4.2901 -0.14% -2.79% zloty > Romanian <EURRON= 4.6643 4.6640 -0.01% +0.33% leu > Croatian <EURHRK= 7.4330 7.4253 -0.10% -0.04% kuna > Serbian <EURRSD= 118.0500 118.1900 +0.12% +0.38% dinar > Note: calculated from 1800 CET daily change Latest Previous Daily Change close change in 2018 Prague 1083.63 1081.030 +0.24% +0.51% 0 Budapest 39130.31 39070.97 +0.15% -0.63% Warsaw 2188.25 2202.91 -0.67% -11.09% Bucharest 8539.52 8573.66 -0.40% +10.13% Ljubljana <.SBITOP 814.30 815.59 -0.16% +0.98% > Zagreb 1751.31 1749.13 +0.12% -4.97% Belgrade <.BELEX1 753.35 752.56 +0.10% -0.85% 5> Sofia 596.53 595.74 +0.13% -11.94% BONDS Yield Yield Spread Daily (bid) change vs Bund change in Czech spread Republic 2-year <CZ2YT=R 1.6290 0.1660 +228bps +16bps R> 5-year <CZ5YT=R 1.8640 0.0450 +209bps +3bps R> 10-year <CZ10YT= 2.0970 0.0020 +173bps -1bps RR> Poland 2-year <PL2YT=R 1.6230 0.0010 +227bps -1bps R> 5-year <PL5YT=R 2.5220 0.0470 +275bps +3bps R> 10-year <PL10YT= 3.2960 0.0570 +292bps +4bps RR> FORWARD RATE AGREEMEN T 3x6 6x9 9x12 3M interban k Czech Rep 2.20 2.34 2.44 1.99 <PRIBOR= > Hungary 0.39 0.71 1.07 0.00 Poland 1.77 1.81 1.89 1.72 Note: FRA are for ask prices quotes ************************************************* ************* (Additional reporting by Jan Lopatka from Prague Editing by Keith Weir)

Polish financial regulator quits as government probes bribe allegations: PAP

Nov 13 2018

WARSAW The head of Poland's financial market regulator resigned on Tuesday, the state-run news agency said, hours after he was summoned by the prime minister over newspaper reports he had sought a multi-million dollar bribe from a bank.

Poland's Millennium sees scope for further bank industry deals

Nov 05 2018

WARSAW, Nov 5 Poland's Bank Millennium , fresh from a $484 million deal, expects further consolidation in Eastern Europe's biggest banking sector as low interest rates and consumers' changing habits add to pressure on banks.

SocGen sells Polish Euro Bank for $484 million

Nov 05 2018

WARSAW/PARIS France's Societe Generale has sold its Euro Bank business in Poland to Bank Millennium for 1.83 billion zlotys ($484 million), further reducing its exposure to eastern Europe.

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