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Donald Tusk

Russian Economic Cost Of Crimea Seizure Mounts

The economic impact of annexing Crimea from Ukraine could drive Russia into a sharp recession this year even if the West stops short of trade sanctions, the World Bank warned on Wednesday.The gloomy assessment, far more negative than Russian government forecasts, came on a day when U.S. President Barack Obama was meeting European Union and NATO leaders to discuss how to reduce Europe's dependence on Russian energy and bolster NATO defenses of east European allies bordering Russia and Ukraine.Obama and leaders of the Group of Seven major industrialized nations agreed this week to hold off on tougher economic sanctions unless President Vladimir Putin takes further action to destabilize Ukraine or other former Soviet republics.Western concern has focused on Russian troops massed on Ukraine's eastern border amid Kremlin allegations of attacks on Russian speakers in that industrial region of the country.But Polish Prime Minister Donald Tusk said on Wednesday it seemed likely that the firm W...

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  1. Polish Prime Minister Shoots Down Gazprom Pipeline Idea

    Poland looks unfavorably at pipeline projects proposed by OAO Gazprom (GAZP.RS) that circumvent Ukraine and use natural gas as a political tool, Polish Prime Ministe...

  2. Polish Prime Minister Shoots Down Gazprom's New Pipeline Idea

    Poland looks unfavorably at pipeline projects proposed by OAO Gazprom (GAZP.RS) that circumvent Ukraine and use natural gas as a political tool, Polish Prime Ministe...

  3. Poland ETFs Could be Attractive Eurozone Additions

    There has been ample talk in recent weeks that Cyprus is on the brink of departure from the eurozone, but there is no Cyprus-specific ETF for eager short-sellers to ...

  4. Poland to Protect Some Firms from Takeovers, Competition - PM Tusk

    Poland will protect some companies and sectors of the economy, like energy and chemical industries, from takeovers and competition because Russia often uses natural ...

  5. Poland Will Continue Nuclear Power Program - Prime Minister

    Poland will continue its nuclear power program despite falling electricity prices and a slump in consumption amid an economic slowdown, Prime Minister Donald Tusk sa...

  6. Poland Sees Initial Hydrocarbon Tax Revenue at PLN233 Million At Most

    Poland will earn up to 233 million zlotys ($73 million) a year if a proposed tax on natural gas and crude production becomes law, the Finance Ministry said in draft ...

  7. Analysis: Euro convergence trades could return to fashion

    Like mini-skirts and flared trousers, some fashions have a habit of coming back, even if never quite like the original. Could it be the turn again of euro convergenc...

  8. Poland to Use PKO, PZU, PGE Shares to Boost Investment Vehicle

    Poland's treasury ministry plans to use shares in its flagship lender, insurer and utility to provide more capital to state-owned bank BGK and special investment veh...

  9. Poland could adopt euro in 2016: presidential adviser

    Poland could adopt the euro as soon as 2016, the president's adviser said on Saturday, encouraging the government to take bolder action to prepare for possibility of...

  10. Polish PM: Both Shale Gas And Nuclear Are Priorities For Country

    Polish Prime Minister Donald Tusk said Thursday that the development of both shale gas and nuclear energy are priorities for the country and denied that the country'...

  11. EU leaders leave critical issues on banking union unanswered

    EU leaders have agreed to allow the European Central Bank to supervise banks from next year, but questions remain about how the process will work, which lenders will...

  12. Europe pushes ahead towards ECB bank supervision

    European Union leaders agreed on Friday a single supervisor will take responsibility for overseeing euro zone banks from next year.Details on the precise number of b...

  1. Analysis: Central Europe sheltered from emerging markets sell-off

    The currencies of emerging European countries such as Poland and Hungary have dodged the giant selloffs hitting other emerging markets, and their links to a steadily...

  2. Polish PM: PGNiG Supervisory Board Dismissed CEO Earlier Monday

    The supervisory board of Poland's state-controlled natural gas utility PGNiG SA (PGN.WA) Monday dismissed the company's chief executive, Grazyna Piotrowskia-Oliwa, P...

  3. Skeptical Czechs may be pushed to change tone on euro

    When Czech President Milos Zeman said last week his country could join the euro by 2018, he met with little more than a shrug from the country's other political lead...

  4. Polish PM Sacks Minister Over Gas Pipeline Confusion

    Polish Prime Minister Donald Tusk sacked his treasury minister Friday following confusion over a Russian proposal to build a gas pipeline on Polish territory, and sa...

  5. Poland Reluctant to Host New Pipes with Russian Natural Gas

    Poland is reluctant to allow the construction of new pipelines that would carry natural gas from Russia through its territory and sees no need for additional volumes...

  6. Gazprom Says It Signed Agreement To Build Gas Pipeline To EU

    Russian gas giant OAO Gazprom said Friday it had signed an agreement to build a gas pipeline to the Europe Union that would reduce flows through Ukraine. But Polish ...

  7. Polish Treasury Minister to Meet PGNiG Executives over Gazprom Pipeline Plan

    Poland's treasury minister ordered an urgent meeting with executives of gas firm PGNiG SA (PGN.WA), which the ministry controls, over a memorandum of understanding w...

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