Homeowners struggling financially due to coronavirus will be able to extend their mortgage payment holiday for a further three months, or cut payments.more
The mounting cost of government schemes to help Britain through its worst recession in more than three centuries has risen by £20bn in the past two weeks and will result in a budget deficit of nearly £300bn in the current financial year, a report has forecast.more
Other banks allow you to set up an account without leaving your home, because your identity is confirmed by a photo yourself - the Polish daily "Rzeczpospolita" reports.more
Given the scale of the problems caused by the pandemic, the weakening of the zloty was slight - claims the main currency analyst DM BOŚ Marek Rogalski. In his opinion, our currency will not recover quickly.more
In 2020, Poland's GDP will shrink by 4.3 percent - results from the spring economic forecasts presented by the European Commission this week. This indicates that in the EU the recession will hit Poland the least, 4.3% is the lowest forecasted decline among EU countries.more
Air France-KLM lost 1.8 billion euros ($1.9 billion) in the first quarter, mostly just in a few weeks in March as travel restrictions grounded planes worldwide, and said Thursday that it will take several years to recover.more
The Bank of England (BoE) said today that British commercial banks should use their significant liquidity reserves to support the economy in fighting the effects of the coronavirus crisis. The bank announced that it would not enforce penalties for such practices.more
The British Central Bank of England has announced that, due to the effects of the coronavirus pandemic, it agreed to temporarily finance state spending if the government could not get the money it needed immediately.more
The International Air Transport Association (IATA) updated its analysis of the revenue impact of the COVID-19 pandemic on the global air transport industry.more
The number of credit inquiries decreased by over 30% However, banks had something different on their minds than lending - the Polish daily "Puls Biznesu" reports today.more
Due to the situation around the BKO BP epidemic, Raiffeisen and mBank offered their clients the option of suspending repayment of loan installments, including mortgage.more
The head of the Treasury watchdog has said Britain faces a "wartime situation" and must urgently raise public spending to support households and businesses through the coronavirus outbreak, even if public borrowing dramatically balloons.more
The U.K. pledged a 30 billion pound ($39 billion) emergency boost to spending as Boris Johnson's government battles to stop the coronavirus outbreak wrecking its economy.more
The new Chancellor, Rishi Sunak, will present the fiscal plans in the Commons at 12:30 GMT, less than a month after taking over the Treasury.Some elements have already been revealed, including more than £600bn for infrastructure projects over five years and extra money for potholes.more
Poland took 8th place in the latest ranking of the PwC consulting company assessing the situation of women on the labor market in OECD countries. In our region, we have overtaken Hungary, the Czech Republic, Estonia and Slovakia - according to Women in Work Index.more
The chancellor, Rishi Sunak, faces a tough choice at next month's budget between raising taxes, entrenching austerity or abandoning Tory manifesto promises on government borrowing, according to the Institute for Fiscal Studies.more
Exactly 30 years since the fall of communism and the beginning of market reforms, Poland overtook last year second western country after Greece - the Polish daily "Rzeczpospolita" reports.more
Big profits are still tempting. There have been more criminal groups that live from economic fraud - according to the report of the Central Bureau of Investigation of Police in Poland.more