Edition:
United States

Marcin Goettig

In Europe's east, a border town strains under China's Silk Road train boom

Jun 26 2018

YIWU, China/MALASZEWICZE, Poland When cargo trains from China began arriving at the Polish border town of Malaszewicze almost a decade ago, they were considered a novelty - able to ship laptops and cars to Europe in as little as two weeks, but extremely infrequent, with one service a month.

'Safe haven' Poland to enjoy stable rates until at least 2019: central bank head

May 16 2018

WARSAW Polish interest rates are likely to remain on hold until the end of 2019 and possibly longer as the country enjoys moderate inflation and can be seen as a safe haven amid global turbulence, central bank Governor Adam Glapinski said.

Poland says more concessions to EU on court reforms would be difficult

May 15 2018

WARSAW It will be difficult for Poland to offer further concessions to the European Commission in a dispute over the country's judicial reforms, Foreign Minister Jacek Czaputowicz said on Tuesday.

Hungary and Poland unite on opposing EU budget cuts

May 14 2018

WARSAW The prime ministers of Hungary and Poland, allies in a series of disputes with Brussels, united on Monday in opposing cuts under the European Union's new budget.

Polish interest rates seen unchanged until hike in last quarter of 2019

May 11 2018

WARSAW Poland's central bank is likely to keep interest rates at record lows next week, with no change seen until a hike in the last quarter of 2019, a Reuters poll found on Friday, reflecting dovish central bank comments and subdued inflation.

Two miners dead, three missing after quake at Polish coal mine

May 06 2018

WARSAW Rescue teams have confirmed the death of a second Polish coal miner and are searching for three more trapped nearly a kilometer underground after a quake, the chief executive of the mine owner said.

Polish rescuers battle to reach four miners trapped after quake

May 05 2018

WARSAW Rescuers battled in the early hours of Sunday to reach four coal miners who remained trapped nearly one kilometer (0.6 mile) underground in southern Poland after an earthquake.

Poland plans new concessions to EU over contested court reforms

May 04 2018

WARSAW Poland's ruling Law and Justice (PiS) party plans new concessions on its contested judicial reforms to assuage the European Union, which has threatened to cut funds for Warsaw over rule of law concerns.

Restricted default of Polish debt collector GetBack shocks market

Apr 26 2018

WARSAW Polish debt collector GetBack has so far failed to redeem bonds worth $25 million, it said on Thursday, augmenting worries about the remaining $719 million worth of bonds of a firm that only last year used to be a darling of capital markets.

Fitch cuts rating of Polish debt firm GetBack after shares crash

Apr 20 2018

WARSAW, April 20 Rating agency Fitch downgraded Polish debt collector GetBack by two notches late on Thursday adding to worries about the company's outstanding $520 million (1.77 bln zlotys) debt after its shares lost nearly 90 percent of their value since October.

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