X
Dear User,
On May 25, 2018, Regulation (EU) 2016/679 of the European Parliament and of the Council of April 27, 2016 (General Data Protection Regulation) came into force. We encourage you to familiarise yourself with information about the processing of personal data on the PolskieRadio.pl website.
1.The Data Administrator is Polish Radio S.A., based at 77/85 Niepodległości Ave., 00-977, Warsaw.
2.On issues regarding your data, please contact the Data Protection Officer, e-mail: iod@polskieradio.pl, tel. 22 645 34 03.
3.Personal data may be processed for marketing purposes based on consent.
4.Personal data may be shared solely for the purpose of proper implementation of services defined in the privacy policy.
5.Personal data will not be transferred outside the European Economic Area or to an international organisation.
6.Personal data will be stored for 5 years after an account is deactivated, in accordance with the law.
7.You have the right to access your personal data, correct it, to have it moved or deleted, or to limit its processing.
8.You have the right to object to further processing, and in the case of voicing consent to the processing of personal data, you have the right to withdraw your consent. The exercise of the right to withdraw consent does not affect any processing that has already taken place.
9.You have the right to lodge a complaint with the supervisory authority.
10.Polish Radio S.A. declares that no automated decisions are made when personal data is processed, and that profiling is not used.
For more information on this subject, please read our personal data and privacy policy.
I UNDERSTAND
English Section

Fitch affirms Poland's 'A-' rating, stable outlook

28.09.2020 08:00
International ratings agency Fitch has affirmed Poland's "A-" credit rating with a stable outlook.
Photo:
Photo:PAP/EPA/JUSTIN LANE

Fitch, one of the world’s "Big Three" credit rating agencies, cited Poland's “diversified economy with a track record of stable growth and sound policy framework, coupled with EU membership.”

The agency said that these “are balanced against lower GDP per capita and relatively high (albeit declining) net external debt compared with the 'A' category peers.”

Fitch said it expected Poland's GDP to contract 3.5 percent this year amid the coronavirus pandemic before recovering to growth of 4.5 percent in 2021 and 3.3 percent in 2022.

"Investment growth is expected to be robust in 2021 (5.8% in real terms, following an expected 4% contraction in 2020) as absorption of EU funds ramps up in line with the approaching closure of the current Multi-Annual Financial Framework," the agency said.

It added that the availability of additional EU funding was an upside to growth.

"Private consumption will also rebound although continued uncertainty could prompt more cautious household sentiment than in recent years," the agency said in a statement.

A week earlier, the Moody's ratings agency kept Poland's rating unchanged at "A2" with a stable outlook.

The Polish economy contracted 8.2 percent in the second quarter of this year, the country’s Central Statistical Office (GUS) reported at the end of last month, confirming its earlier estimate amid the coronavirus pandemic.

(gs/pk)

Source: PAP, fitchratings.com