Business in brief

24th July 2009

Poland's largest insider trading investigation ever is underway in connection with the sale in 2008 of PGNiG shares worth some PLN 30 mln.

An employee of the company is suspected of passing on news to analysts about the firm's below-expectation results for Q2 2008 a week before they were announced publicly. More than a dozen people are under investigation, Rzeczpospolita reported.

Polish banks are offering one-day deposits that allow customers to earn interest tax-free. The short-term deposits make use of a legal loophole by which interest of less than PLN 2.50 is not subject to the so-called "Belka tax" of 19 percent. As a result, up to just over PLN 17,000 can be placed in a one-day ac ...