Standard & Poor rating agency has maintained independent rankings for Poland (including the long-term ranking for foreign currencies A-) and a stable outlook for the country’s economy. It cautioned, however, that a decrease in Poland’s loan credibility is possible unless realistic plans for a reform of public finances are drafted till 2012.

The European Investment Bank (EIB) has decided to launch a new financial tool “Eastern Partners Facility (EPF)” in order to partially finance investment projects in countries of the Eastern Partnership proposed by Poland and Sweden i.e. the Republic of Moldova, Georgia, Armenia, Azerbaijan, Russia and Ukraine.

Polish LNG Company has signed a contract for the construction of a liquefied gas terminal in the Baltic port city of Swinoujscie, north-western Poland.

The Warsaw bourse is expected to expand 4-5 times within the coming decade, according to a forecast by Mark Mobius head of Templeton Asset Management.

A business forum accompanying Euro Pride is scheduled in the Polish capital Warsaw July 17 to tackle the issue how to target Poland’s estimated 2.5 million gay customers. Each of them has an average of EUR 14,500 to spend per year.

The highest profit in Poland in 2009 was scored by Bank Pekao, the title of the top investment bank went to Deutsche Bank – according to Euromoney Awards for Excellence 2010 ranking.

The Polish government has adopted next year’s draft budget, the Polish News Agency (PAP) informs. The budget is developed on the provision that Poland’s GDP will grow by 3.5%, inflation will be at 2.3%, while unemployment rate -9.9% in December 2011.

Poland’s foreign trade deficit came to EUR 3.9 billion in the period from January to May 2010 and remained unchanged as compared with the previous year, the Central Statistical Office (GUS) informed.