No Image

No changes in Katowice rating by Fitch

January 31, 2015 Katowice the City 0

Fitch Ratings has affirmed the City of Katowice’s long-term foreign and local currency Issuer Default Ratings (IDR) at „A-”. Fitch has also affirmed the city’s national long-term rating at „AA+(pol)”. The outlooks are stable.

The affirmation reflects Katowice’s sound operating performance, which the agency expects to be maintained in the medium term. The ratings also factor in their expectations that the City’s direct debt will …

No Image

Three swimming pools to be built instead of water park

January 29, 2015 Katowice the City 0

The City Council of Katowice agreed to finance the design project and construction of three swimming pools from the City budget. The three sport facilities will be built instead of a water park by 2019.

The water park has been planned for many years. The City Hall has even been trying to find an operator and developer of the recreational infrastructure within the public-private partnership. However …

No Image

City budget passed for 2015

January 29, 2015 Katowice the City 0

The City Council of Katowice passed the year 2015 budget on Wednesday. Significant amounts will be spent to finish City’s largest investments.

In 2015, the Katowice expenditures will reach PLN 1,731 billion, the total income will amount to PLN 1,550 billion. The remainder (PLN 181 million) will be funded with the Katowice’s high cash reserves (PLN 163,2 million) and loan from …