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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessRestrictions in Focus as Virus Cases Escalate; New Law Needed to Solve FX Loans
LOCAL NEWS
- Poland to decide on tightening restrictions in next regions by Friday. Risks for Mazowsze and Lubuskie regions are "considerable" according to Govt officials.
- Hospitalizations are rising with 70% of Covid beds & 80% of ventilators occupied in Mazowsze.
- Due to new mutations, more people 40-50 years old require hospitalization
- Raiffesen Head says only solution for Poland's FX-loan problem is a new law. Notes settlements proposed by KNF regulator won't guarantee legal certainty
- Says the new law should divide the costs of the operation among banks, customers and the state.
- Raiffeisen, which has 30,000 FX loans in Poland, is currently sued in 4,000 FX-loan cases and expects a large increase in lawsuits
- Deputy Funds Min says Polish firms will be able to tap into a ~PLN 36bn pool of EU funds under a new operational program for modern economy, dubbed FENG in Polish, that will replace the smart growth POIR program from the previous EU financial framework, deputy Fund
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.