deposits

Kaczyński says banks must make deposits more attractive

"I don't want to make decisions for the bankers, but it must be a meaningful interest, not at the inflation level, but for the people to feel that their money is losing much less when it is deposited with a bank," Kaczyński said. Artur Reszko/PAP

Banks may face an additional tax on their profits if they fail to raise interest rates on deposits amid high inflation, said Jarosław Kaczyński, leader of Poland's ruling party Law and Justice (PiS).

Poland's gas firm buys stake in Norwegian gas deposit

PGNiG Upstream Norway, a subsidiary of state-owned Polish Oil and Gas Company (PGNiG), has purchased a 40 percent stake in the Oern gas deposit in the Norwegian Sea from Wellesley Petroleum, PGNiG said in a statement on Friday.

Polish gas giant PGNiG discovers light oil in Norwegian Sea

PGNiG Upstream Norway, a subsidiary of Polish Oil and Gas Company (PGNiG), has discovered a 19-63-million-barrel crude oil deposit at the Egyptian Vulture exploration well in the Norwegian Sea, the company said in a Tuesday press release.

December's M3 money supply up - central bank

Poland’s M3 money supply grew in December 2019 by 8.3 percent year on year and by 1.5 percent month on month to PLN 1.57 trillion (EUR 369 billion), the National Bank of Poland (NBP) announced on Friday.

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