The EUs top court ruled yesterday in favour of Polish consumers who took out mortgages in Swiss Francs, allowing them to ask Polish courts to convert the loans into the local zloty currency in a blow for lenders.
Nearly a decade ago, 700,000 Poles took out mortgages in foreign currencies, mainly in Swiss francs, attracted by lower interest rates. They are now paying far bigger installments than they expected after the Swiss franc soared 92 percent against the zloty since the start of the global financial crisis in 2008.
The verdict was not an outright victory for borrowers, however, because it will be up to Polish courts to decide on a case-by-case basis how the contracts are altered.
The EU has announced this week that it is investing over €242 million from its Cohesion Fund to build a 70 km section of Poland’s S7 expressway between the norther easter towns of Napierki and Płońsk.
The project will improve road safety and shorten travel time between major cities and regional centres in the country. The road is part of the Baltic-Adriatic corridor on the Trans-European transport network and of European route E77, which links Budapest to the Russian border in Estonia.
Google announced this week its plans to open a new cloud region in Warsaw, Poland to better serve its customers in Central and Eastern Europe.
The move is part of Google’s overall investment in expanding the physical footprint of its data centers of which $3.3 billion has been earmarked for its data center presence in Europe. The move will leverage Google’s cloud offerings aimed at service providers and developers. To launch the new region in Poland, Google is partnering with Domestic Cloud Provider which itself is a joint venture of the Polish Development Fund and PKO Bank Polski). (30 seconds)
Domestic Cloud Provider (DCP) will become a Google Cloud reseller in the country and build managed services on top of Google’s infrastructure. According to Google’s cloud CEO, the move will “boost Poland’s digital economy and will make it easier for Polish companies to build highly available, meaningful applications for their customers.”
Source – Tech Crunch
A heroic intervention by Railway security guards at Orłowo SKM station yesterday may have helped to save the life of a suicidal young man.
At around 9am a young man around 20 years old attempted to jump under the path of an oncoming train that was approaching the station. According to the station manager the man was acting in a strange and excitable manner, arousing the attention of the staff who intervened. Despite being aggresive towards the staff they managed to subdue him and the police and ambulance services were called. The man was taken to the hospital for observation.
Weather
Friday will be a mixture of sunny intervals with a low chance of showers throughout the day. There will be a gentle breeze from the west and temperatures will reach 11 degrees centigrade 52 degrees Fahrenheit. During the night, temperatures will drop to 6 degrees centigrade, 43 degrees Fahrenheit with rain becoming more likely after midnight and into the early hours. Saturday will be showery with sunny spells and a moderate breeze.
What’s On
• The Motocross European Team Championships are being held this weekend at the Motocross track in Gdańsk in an event which will combine the best 250cc, 125cc, 85cc, and Women riders of Europe. In total, there will be over 120 competitors from 25 countries. Qualifications will start on Saturday after 13:00 and will last until 17:00. Tickets for the whole weekend’s event costs 30 zlotys for adults and 10zl for concessions.
• Paweł Domagała whose string of hits include the 2018 catch pop hit „Weż nie pytaj” is playing at the Gdynia Arena on Saturday. Paweł Domagała is one of the most recognized actors for a stream of younger fans. His achievements include many theater, serial and film roles so this is a great opportunity to see the other aspect of his artistic talents. Tickets are available from 75 złoty.
RGEN NEWS/AG
