POLAND - Poland's benchmark index headed for the biggest two-day drop since May on concern that a government proposal to change the pension system will hurt fund inflows into central Europe's largest equity market.
The WIG20 Index slumped 2.1% to 2,683.47 at 1:23 p.m. in Warsaw, bringing its two-day decline to 3.6%. The MSCI Emerging Markets Index retreated 0.6%, falling for the first time in seven days, as commodity...
POLAND - Superannuation fund-owned infrastructure manager Industry Funds Management (IFM) will increase its market share in the Polish district heating sector to 25% after one of its subsidiaries completes a purchase of Warsaw-owned assets.
POLAND - Polish lawmakers have begun debating pension changes proposed by the government that are opposed by almost half of the country's voters before elections expected within seven months.
POLAND - Poland's plan to cut transfers to private pension funds, already delayed by a month, may not be in place until the second half of 2011, posing a threat to the fiscal-deficit goal, Citigroup'S Polish unit said.
POLAND - Poland's government maintains its position that contributions to private pension funds should be reduced to help curb the deficit, according to Michal Boni, an adviser to Prime Minister Donald Tusk.
POLAND - The Polish government plans to introduce changes to the pension system aimed at reducing the budget shortfall in April, said Michal Boni, senior adviser to Prime Minister Donald Tusk.