Locked content Tauron and KGHM to build infrastructure for electric cars

Tauron and KGHM signed a Letter of Intent to cooperate in the construction of charging infrastructure for electric vehicles, development of car sharing services and pro-ecological activities, Tauron said in a statement. In the first stage, the companies plan to set quick charging stations in “...

Locked content Moody’s upgrades deposits ratings of Bank Millenium

Moody’s upgraded Bank Millennium deposit ratings to Baa2/Prime-2 from Baa3/Prime-3. “Concurrently the bank’s baseline credit assessment (BCA) and Adjusted BCA were upgraded to ba1 from ba2, and its long-term Counterparty Risk Assessment (CR Assessment) to Baa1(cr) from Baa2(cr) and...

Poland returns 1,400 tons of illegal waste to UK

Until now over 1,400 tons of illegal waste have been returned to the UK, Chief Inspector of Environmental Protection (CIEP) said on Thursday.  CIEP added that it agreed with the representatives of the UK Environment Agency (EA) details of the return procedure. By the end of Q1 2019, the return of wa...

Locked content Electric cars will drive demand for copper – EIM

Global demand for copper will increase by 1.7 million tonnes by 2027 due to development of the electric vehicle industry, European Copper Institute (EIM) estimated. Electric cars contain up to four times more copper compared to the cars with an internal combustion engine. Copper is also intensively ...

Locked content Naimski sees coal share in energy mix at 50% in 25-30 years

According to the Ministry of Energy strategy, the share of coal in the energy mix will be at 50 percent in the 25-30 years perspective compared to around 80 percent currently, Piotr Naimski, the government’s official responsible for key energy infrastructure said. The Minister of Energy Krzysz...

Locked content No significant changes expected in monetary policy – Ancyparowicz

No significant changes are expected in the monetary policy in the coming quarters, according to the Monetary Policy Council (RPP) Grażyna Ancyparowicz. “At the moment, we believe that rates are optimal, there should not be significant changes in monetary policy in the coming quarters. If something c...

Locked content Polnord names Marcin Gomoła new CEO

Polnord named Marcin Gomoła as the new CEO as of December 1 within current term of office, i.e. 2017-2020. Polnord supervisory board also appointed Marcin Mosz to the company’s management board. Since 2008 Marcin Gomoła has been associated with the Warsaw Stock Exchange. He worked in Informati...

Locked content PGNiG buys interest in Tommeilten discovery for $220 mln

PGNiG Upstream Norway, part of PGNiG Group, signed an agreement to buy an interest in Tommeilten Alpha gas and condensate field in Norway from Equinor. The purchase price was agreed at $220 million. According to PGNiG estimates, the acquisition will allow increasing gas production output from Norweg...

Locked content Public mood slightly improves in October – CBOS

About 50 percent of Poles believe that the country goes in the right direction, according to the latest survey by pollster CBOS. This is by 2 percentage points more than in September. As many as 35 percent of respondents think that Poland’s current direction is wrong, 1 percentage point less than la...

Locked content Polish fund Innovation Nest invests in Portuguese startup

Innovation Nest, a Polish VC fund cooperating with companies creating IT solutions for the B2B sector, has invested in Infraspeak – a Portuguese startup offering a platform for managing hotel facilities, the fund said. This is already the third company from Portugal in Innovation Nest portfoli...