Business in brief

3rd July 2009

The zloty reached a six-week high against the euro after the World Bank approved a $4.5 bln loan for Poland. On Wednesday, the zloty rose 2.2% to PLN 4.357 against the euro, its highest level since May 21.

The zloty rose to PLN 3.08 against the USD, a level not seen since mid-January. Positive news about the economy also helped the zloty spike higher.

Switzerland has signed a new double taxation treaty with Poland as part of its efforts to be taken off an international list of tax havens.

Switzerland is trying to strike bilateral tax deals that require its banks to share client information in order to be removed from an OECD "grey list" of states failing to adequately cooperate inte ...