Poland may face deflation, but its effects will not be severe, as Poland’s public sector, as well as private enterprises and consumers have far lower indebtedness than Western European countries. Finance Minister Mateusz Szczurek told Dziennik Gazeta Prawna.
The registered unemployment rate in Poland dropped to 12.1 percent in June from 12.5 percent in May, according to an estimate issued by the Ministry of Labor and Social Policy on Wednesday.
Financial Supervision Authority is examining the controversy around developer Gant, which has published a number of contradictory statements this week, causing major fluctuations in the company’s stock price.
Poland, as well as Romania, the United Kingdom and Ukraine, are likely to be successful in their quest for shale gas, Deloitte said in its Oil and Gas Reality Check 2014 report. Energy from shale fuels could allow these countries to become less dependent on Russian gas, the analysts said.
Poland’s largest oil group PKN Orlen is not selling its Lithuanian refinery, Orlen Lietuva, to KazMunaiGaz, the company’s executive director, Andrzej Kozłowski said on Twitter. “Rumors,” he wrote, referring to reports from news agencies on the issue.
The European Investment Bank has granted a PLN 1 billion loan to Warsaw, the lender said in a press release on Tuesday. The funds will be spent on city infrastructure upgrading projects.
Railway freight transportation firm PKP Cargo may consider a bond issue as a means of financing potential acquisitions, CEO Adam Purwin was quoted as saying by ISBnews. The company is constantly monitoring the market, but no takeover talks are advanced as yet, he explained.
Warsaw prosecutors have found the electronic devices that contain leaked recordings linked to the ongoing tape scandal in Polish politics, spokesperson Renata Mazur said at a press conference reported by TVN24.
PGE EJ 1, the company responsible for the construction of Poland’s first nuclear power plant, has chosen AMEC Nuclear UK as owner’s engineer in the process, according to the firm’s statement quoted by ISBnews.
Japanese electronics producer Sharp may offload its Polish factory, according to a report from the Nikkei Asian Review. The company wants to stop manufacturing and selling LCD televisions in Europe, where it is said to be losing “billions of yen.”