Image : shutterstock Coal-fired plant in Bełchatów

PGE’s Bełchatów plant named EU’s worst polluter

Coal-fueled power plant in Bełchatów, owned by Poland’s biggest utility PGE was named the EU’s biggest polluter by the environmental campaigners who compiled a list of 30 biggest polluters in the EU. Bełchatów facility emits over 37 million metric tons of CO2. Second on the list, German plant in Neu...
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Locked content Raiffeisen Polbank leases 20,000 sqm in Wola

Raiffeisen Polbank has signed a lease agreement for 19,500 sqm of office space and the entire retail space in the Prime Corporate Center scheme, currently under construction on ul. Grzybowska in Warsaw. This is the biggest lease transaction recorded this year. The project will feature 21,000 sqm of ...

Locked content Bolt confirms Warsaw start

Jamaican sprinter Usain Bolt will run in a 100 meters race in Warsaw on August 23. The athlete posted his finalized schedule for this year, which include only four events. Besides Warsaw, six times Olympic champion will participate in the Commonwealth Games in Glasgow, Diamond League meeting in Zuri...

Locked content Polish mines extract less coal, still losing money

According to Poland’s Ministry of Economy, Polish mines extracted 29 million metric tons of coal in the first five months of 2014 which is 6 percent less than in 2013 year-on-year. Despite curbing extraction, the whole sector posted a PLN 631 million loss during the same period. At the end of May, P...

Locked content FX Energy to bore 5 locations this year

FX Energy, operating in the US and in Poland, has presented plans to conduct five bores this year. The first two bores will take place in August and the remainder will be done until the end of Q4 of this year. “We’re convinced that this year’s drilling will contribute to an increas...

Locked content Government debt at 49.5% of GDP

Poland’s general government debt amounted to PLN 818,975 million in the first quarter of 2014, according to data published by the EU’s statistical office Eurostat on Tuesday. The debt stood at 49.5 percent of the country’s GDP. In Q4 2013, the debt stood at PLN 934,606 million or 57.1 percent of the...

Locked content EIB lends up to PLN 295 mln to Tauron for renewable energy

The European Investment Bank (EIB) will lend up to PLN 295 million to the energy company Tauron for investments in renewable energy. New electricity distribution networks, smart meters and existing network upgrades are part of the planned investments, as mentioned in an EIB release. EU requirements ...

Locked content Banking indicator inches up in July

The Pengab indicator, which measures the conditions in the banking industry, grew by 0.1 points month-on-month to 26.5 points in July, according to data quoted by ISBnews. In an identical period last year, the indicator registered 11.3 points. The assumptions component of the Pengab index also inche...