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WLKPWielkopolska (region in Western Poland)
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Warsaw/London: Fitch Ratings has affirmed the Polish Region of Wielkopolska's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) at 'A-', and National Long-Term Rating at 'AAA(pol)'.
PGE Polska Grupa Energetyczna SA (PGE.WA), a Poland-based power utility company, is planning to sell its 19.8 percent share in highway operator Autostrada Wielkopolska, daily Dziennik Gazeta Prawna has reported, citing the company's documents.
A memorandum of understanding related to the creation of a JESSICA (Joint European Support for Sustainable Investment in City Areas) Holding Fund was signed, on 16 October in Bratislava, between the European Investment Bank (EIB) and the regional self-government of Poland's Wielkopolska Region.
Wielkopolska has continued to report strong results, with a current balance of PLN234 million at end-3Q17 (end-3Q16: PLN228 million), accounting for more than 30% of current revenue.
In the Wielkopolska Declaration the AER adopted at its general meeting in Poznan on November 27 and 28, it also calls on the European institutions and states to allow the regions to be fully involved in managing European funds and to lend support to their administrative and legislative capacities.