Tag: Fitch

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Presidential Veto on SAFE Funding Raises Concerns Over Poland’s Fiscal Stability, Fitch Warns

President Karol Nawrocki’s decision to veto the law enabling Poland’s participation in the SAFE mechanism has sparked controversy both domestically and internationally. According to...

ORLEN Posts Record Investments and Stable Results After Three Quarters of 2025

After the first three quarters of 2025, ORLEN Group reported the highest capital expenditure in its history while maintaining stable financial results despite a...

Złoty Outlook: Strong Fundamentals Offset Rising Government Debt

Saying that Poland has recently joined the ranks of the world’s most important economies would not be an exaggeration. However, this does not mean...

Millennium Bank Hipoteczny S.A. Successfully Issues PLN 1 Billion in Mortgage Covered Bonds

Millennium Bank Hipoteczny S.A. has successfully carried out an issuance of mortgage covered bonds with a total nominal value of PLN 1 billion. The...

Poland Becomes a Global Gold Power – Is the NBP About to Cross the 30% Threshold?

Poland is rapidly becoming one of the world’s most significant gold buyers. According to the latest data from the World Gold Council, by the...

After 35 Years of Rapid Growth, Poland Faces the Necessity of a Fundamental Economic Model Shift

Poland’s economy, after 35 years of dynamic expansion, is approaching a turning point and must now undergo a fundamental shift toward a new model...

Defense Spending in Central and Eastern Europe: Uneven Growth, Rising Fiscal Challenges

Defense spending in the broader Central and Eastern European (CEE) region is growing, but very unevenly. According to the SGH (Warsaw School of Economics)...

Lack of Confidence Vote Won’t Derail Demand: France Seen Rebounding in 2026

Four consecutive quarters of falling corporate investment in France, declining profitability—its 2024 peak is now a memory—and households tightening their belts… yet we expect...

ORLEN Nearly Doubles EBITDA LIFO to PLN 9.2 Billion in Q2 2025

In the second quarter of 2025, ORLEN Group nearly doubled its year-on-year operating profit (EBITDA LIFO), reaching PLN 9.2 billion, while net profit came...

ORLEN Group Delivers Strong Q1 2025 Results with Over PLN 11.6 Billion EBITDA and PLN 4.3 Billion Net Profit

In the first quarter of 2025, ORLEN Group reported impressive financial performance, with LIFO-based EBITDA rising by 40% year-on-year to PLN 11.6 billion and...

Moody’s Downgrades U.S. Credit Rating: What It Means for Global Markets

The credit rating agency Moody’s has downgraded the United States’ long-term credit rating from the highest level of AAA to AA1, marking a symbolic...

Poland’s IT Sector: From Outsourcing Hub to Innovation Leader

The Polish IT sector is maturing like fine wine stored in the cool cellars of medieval townhouses. While the pandemic-induced boom in rapid digital...

The ORLEN Group achieved results in the third quarter of 2024 similar to those of Q3 2023

The ORLEN Group ended the third quarter of 2024 with a very good operating profit EBITDA LIFO, despite a significant worsening of the macroeconomic...

ORLEN signs a credit agreement for 2 billion euros with a consortium of 16 banks, securing financing for operational activities

ORLEN has signed a credit agreement with a consortium of 16 banks, ensuring that the Group has a financing amount of 2 billion euros....
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