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President vetoes controversial judiciary reforms

In a surprise move, President Andrzej Duda announced that he will veto controversial laws on the Supreme Court and the National Council of Judiciary (KRS). “As president I don’t feel this law would strengthen a sense of justice. These laws must be amended,” he said.
Image : Tauron Polska Energia

Tauron hit by PLN 500 mln lawsuit by wind farm firm

WSE-listed, state-owned utility Tauron has been sued by wind farm company Gorczyca Wind Invest for terminating a long-term contract for the deliveries of electricity and green certificates by Tauron subsidiary Polska Energia – Pierwsza Kompania Handlowa.

Sejm passes controversial judiciary system overhaul

Amidst controversy, the Sejm has passed the vote on judiciary reforms, with 235 votes in favor, 192 against and 23 abstentions. The new law will allow for the immediate forced retirement of all Supreme Court judges and their president, whose term is set in the constitution. It will also create three...

Polish FinTech market worth PLN 3.6 bln – Deloitte

The FinTech market is worth some €2.2 billion in Central and Eastern Europe, with Poland accounting for PLN 860 million (PLN 3.6 billion) of that sum, according to a report prepared by Deloitte. Poland is the leader of the FinTech business in CEE, however, venture capital investments constitute a me...
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Retail sales grow 6% in June – GUS

Retail sales increased in June by 6 percent year-on-year and 0.9 percent m/m, according to GUS. Market consensus prepared by the Polish Press Agency (PAP), saw the sales increase by 6.8 percent y/y and 1.9 percent m/m.
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Kaczyński accuses opposition of murdering his brother

During the parliamentary debate on judiciary reforms, ruling Law and Justice (PiS) leader Jarosław Kaczyński accused the opposition of murdering his brother President Lech Kaczyński. “Don’t wipe your treacherous mugs with my late brother’s name. You destroyed him, murdered him. You’re scumbags,” he ...

EU threatens Poland with Article 7

The European Commission is “very close” to triggering the EU’s Article 7 procedure against Poland — a move that can lead to the suspension of a member country’s voting rights, Commission Vice President Frans Timmermans said, condemning the recent attempts by the ruling Law and Justice (PiS) grouping...