Poland

Poland to sharpen loan criteria after US crisis

Warsaw  - Poland will toughen criteria for getting loans from banks amid the recent US financial crisis, reported the daily Dziennik on Thursday.

The changes will likely take effect at the end of this year, the head of Poland's Financial Supervision Authority told the daily. They will affect consumer and mortgage credit in all currencies. The move could lower property prices as less people would be able to afford homes.

"We see in the example of the US where excessive optimism leads in judging client's financial conditions," Krzysztof Broda of the Financial Supervision Authority was quoted as saying.

Poland remembers victims of Soviet invasion

Warsaw - Polish parliament passed a resolution Wednesday that remembers victims of the Soviet invasion of Poland in 1939, calling the attack to start of "the suffering of millions of Poles."

Polish screenwriter seeks religion, better life in Egypt

Warsaw - Polish screenwriter Piotr Kalwas, known for a popular TV show poking fun at national stereotypes, recently moved to Egypt in search of the better values he says are lacking in his homeland.

Kalwas, in the late 1990s, worked on the series, The World According to the Kiepskis, which told of a dysfunctional family and the pitfalls of unemployment, alcohol and laziness.

The move to Alexandria - along with his wife and 5-year-old son - was to escape those same faults, the daily Wyborcza reported on Wednesday.

"In Poland the sweeping, all-encompassing rudeness bothers me," Kalwas told the daily. "People from year to year are more aggressive and coarse. Basic manners are disappearing."

ANALYSIS: Poles face hurdles before slated 2011 euro switch

ANALYSIS: Poles face hurdles before slated 2011 euro switchWarsaw - Prime Minister Donald Tusk's bold plan for Poland to adopt the euro by 2011 has strong support among the business community and ordinary Poles, but others doubt that Warsaw can meet - or maintain - the strict economic criteria for joining the club.

Post-communist Eastern Europe's largest economy has in effect chosen high growth over low inflation and fiscal restraint. Poland's gross domestic product expanded 1.5 per cent in the second quarter compared to the previous three months, while the eurozone's GDP shrank by 0.2 per cent.

Poland to submit plans to EU to save historic shipyards

Parague, WarsaPrague- Poland will submit restructuring plans to save its ailing shipyards to Brussels on Friday before a European Commission deadline, said Treasury Minister Aleksander Grad.

The Baltic shipyards - famous as the birthplace of the Solidarity labour union that fought and toppled Poland's communist regime - have sentimental and historic value to many Poles.

The European Commission had given Poland until September 12 to come up with plans to restructure and privatize the yards, extending a previous deadline that Poland failed to meet.

Polish priest jailed for raping parishioner

Poland FlagWarsaw - A former priest in the Polish city of Czestochowa was sentenced to three ye

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