EU subsidies reach PLN 143.2 bln

The value of EU subsidy applications submitted by November 12 amounted to PLN 263.9 billion, according to data released by the Ministry of Development. Till that day, 25,681 contracts for the EU co-financed projects amounted to PLN 143.2 billion in EU subsidies.

Locked content PiS support slightly drops – CBOS poll

Ruling Law and Justice (PiS) party support has decreased by 2 percentage points to 45 percent, according to the poll conducted by CBOS. Civic Platform (PO) was second with 17 percent support, up by 1 percentage point m/m. Kukiz’15 was third with 8 percent support (unchanged). Nowoczesna was th...

Locked content PGNiG to double exports to Ukraine

WSE-listed gas giant PGNiG hopes to increase its sales to Ukraine twofold this year to 700-800 million cubic meters, company’s Deputy CEO Maciej Woźniak said. At end-Q3, PGNiG sold 430 million cubic meters to Kiev. In order to boost sales, the company is planning to launch a second connection via Cz...

Locked content Poland to start mining in the Atlantic in the next 10 years

Poland will be able to start mining potential resources at the bottom of the Atlantic Ocean within the next 10 years, chief geologist Mariusz Orion Jędrysek said. “Polish parcel at the bottom of the Atlantic has huge geological resources. There are only seven countries in the world with such parcels...

Locked content Cabinet reshuffle in December – Kaczyński

According to the leader of the ruling Law and Justice (PiS) party, the changes to the government will happen in December. “We have to build the government so that it will fit in a new, somewhat more difficult situation,” Kaczyński said in an interview with public broadcaster TVP. He added that the p...

Locked content PGE completes EDF assets takeover

WSE-listed power utility finalized the purchase of Polish assets of French utility EDF for PLN 4.27 billion. The price includes PLN 2.45 billion in equity, the intra-group debt of PLN 1.68 billion, as well as interest. The price is slightly lower than the PLN 4.51 billion price tag announced back in...

Locked content PGNiG Q3 net profit inches up

WSE-listed gas giant PGNiG had PLN 367 million attributable net profit in Q3, up from PLN 358 million loss a year ago. Revenues amounted to PLN 6.07 billion, compared to PLN 5.7 billion last year, while EBITDA stood to PLN 1.07 billion, down from PLN 1.13 billion last year. Gas purchase costs were u...