Poland’s annual growth may reach 4.3 percent in 2019 – FinMin

Poland's economic growth will exceed 4 percent after the third quarter of 2019 and may reach 4.3 percent throughout the year, Finance Minister Jerzy Kwieciński told reporters on Wednesday. The third quarter was slightly "lazier" compared to the first half of the year, Kwieciński said, adding that the fourth quarter should

Kenes Rakishev renames Novacom Corporation to Fincraft Group

Kenes Rakishev

Novacom corprotation, fully owned by Kenes Rakishev decided to re-brand itself to Fincraft Group, Kazakhstan Stock Exchange (KASE) official media reported. KASE-listed Novacom Corporation decided to get a new name – Fincraft Group. The change will be effective from November, 1. It was requested by the sole shareholder. The decision to

Pension reform will help Poland to fill state coffers

Poland’s government on Wednesday (6 November) approved a transfer of all state-guaranteed private pension funds to individual retirement accounts, in a move that will add 19.3 billion zloty (€4.5 billion) to state coffers strained by hefty social handouts. The ruling nationalist Law and Justice (PiS) party has long planned to change

According to Moravecki, Poland needs funds for development

Polish Prime Minister Mateusz Morawiecki took part in a meeting of the heads of government of the Visegrad Group (V4) countries in Prague on Tuesday ahead of a summit of the Group of Friends of Cohesion. The Visegrad Group is made up of Poland, the Czech Republic, Slovakia and Hungary. After the

CEO of MBbank would prefer a foreign strategic investor

MBank CEO Cezary Stypułkowski said at a press conference on Thursday he would prefer that a company not yet operating in Poland to become the bank’s strategic investor, Reuters wrote. Currently, Commerzbank - which has recently announced that it will sell its controlling stake in mBank - is investigating potential buyers

Belarus Bank Debt reaches record level

The National Bank published a report which says that the total amount of loans received by citizens of the country already totals 13 billion 343.4 million BYN as of October 1, 2012. The main financial institution of the country has counted all the obligations of Belarusians to banks without exception. In

Kenes Rakishev is on the Forbes list again

Kenes Rakishev

Kenes Rakishev, the internationally acknowledged venture capitalist, has joined Top-15 list of the most influential - and rich - businessmen in Kazakhstan. Although It is not the first time he got such nomination. In fact he is residing in Forbes' Top-20 seven years in a row. He joined the club

Unemployment rate drops down in September – GUS

The unemployment rate was 5.1 percent in September 2019 against 5.2 percent in August, the Central Statistical Office (GUS) reported. According to the GUS, the number of unemployed registered in labor offices in September amounted to 851,200 against 865,500 in August 2019. At the beginning of October, the Ministry of Labor

Almex attempted to unload another 5 percent of the Halyk bank portfolio

Halyk Bank of Kazakhstan is one of the rare examples of CIS-based venture whose shares proved to be a profitable investment, at least in some cases. For example, the HSBK GDR price has risen from its 2016 minimum 3.60 to as much as 14.75 in 2018. Since then the price

The Polish market of organic cosmetics is growing by more than 70%

The value of the Polish market of eco-friendly cosmetics has increased by 71 percent over the last year, the daily Puls Biznesu wrote on Wednesday citing a study by pollster GfK Polonia. The result was mostly boosted by consumers who like novelties though on a daily basis are not sensitive to