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"I must have been inspired" Joseph Conrad
FX

Poland's central bank intervenes on FX market again

"Today, the NBP sold some amounts of foreign currencies for zlotys," the bank said in a Wednesday afternoon press release, a copy of its statement issued on Tuesday. Marcin Bielecki/PAP

The National Bank of Poland resorted to selling foreign currencies on Wednesday after a similar move on Tuesday as the Polish zloty slid to its lowest level against the US dollar in two decades due to the Ukraine war.

Poland's central bank intervenes on FX market to prop up falling zloty

The National Bank of Poland resorted to selling foreign currencies on Tuesday in an emergency move as the Polish zloty slid to its lowest level against the US dollar in two decades over the Ukraine crisis.

Poland's central bank grants up to PLN 4 bln FX swap to Ukrainian peer

Poland's central bank, NBP, has decided to grant an FX swap to its Ukrainian counterpart of up to PLN 4 billion (EUR 850,000), NBP said in a Thursday statement.

FX mortgages still pose risk to Polish banking sector

Legal risks coming from FX mortgages remain the main source of uncertainty for the Polish financial sector, wrote Poland’s central bank (NBP) in its latest Financial Stability Report.

EU court leaves Polish judges to rule on FX loan contracts

The European Court of Justice (CJEU) is leaving it to Polish courts to assess the validity of FX loan contracts containing abusive clauses, according to a non-binding CJEU statement released ahead of a relevant verdict to be published later Thursday.

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History

Assassination of ‘Executioner of Warsaw’ was one of Poland’s greatest WWII offensives

Whilst it cannot be disputed that Warsaw paid a heavy price for the death of SS beast Franz Kutschera, it should also be remembered that public executions ceased two weeks after the action.

The first report:

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Exclusive

Rzeszów scientists develop phone battery that charges in eight minutes and lasts 68 YEARS!

Produced by The Batteries, the new technology has already been dubbed “a game changer” by the industry press, with the firm hoping to begin large-scale production once work on their “pilot factory” is finished.

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