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Business Arena 19.07

On Tuesday’s episode our host David Kennedy kicked off the show with our main stories which were: Poland allows borrowers ‘loan holidays’ and Poland is discontent with the EC’s proposal of sanctions on Russia and is pushing for stronger and more decisive sanctions to be put into place. 

“Loan holidays” are intended to give borrowers a moment of financial respite at a time of high inflation. The law also contains provisions extending the effect of the government’s anti-inflationary economic packages. It provides for the postponement of loan repayments for eight months between 2022 and 2023. Our guest was Błażej Podgórski, PhD, Department of Finance, Vice-Dean of the College of Finance and Economics at Koźmiński University.

Also on the programme:

The European Commission adopted a proposal for an improved sanctions package on Friday. The new scheme will ban the import of Russian gold, the country’s second biggest export commodity after energy as well as strengthen export controls on dual-use and high-tech products. Imports of Russian and Belarusian agricultural products including fertilizer will have sanctions lifted in a bid to address the looming food crisis. 

Among other topics, we looked at, were:

Ukraine became an Association country of the International Energy Agency during a signing ceremony in Warsaw, Poland on Tuesday.

Boeing is grappling with shortages of engines, semiconductors and other parts and vows it won’t build ‘Gliders’.

China was seen as a gold mine for Western tech companies but now they are leaving there empty-handed. The country’s two new data security laws seem to be the cause of the exodus.


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