Grupa Lotos with unexpected loss in Q3

Poland’s second-largest oil firm Grupa Lotos recorded a net loss of PLN 35 million in the third quarter of 2014, the companz said in its financial report. Analysts surveyed by the Polish Press Agency had expected the result to be a net profit of PLN 75 million.

PGNiG buys Norwegian licenses for almost PLN 1 bln

PGNiG Upstream International, a subsidiary of Poland’s natural gas giant PGNiG, has acquired stakes in four oil and gas licenses on the Norwegian Continental Shelf for NOK 1.95 billion (PLN 996 million), the company said in a statement on Monday.

Poland’s climate goal progress not too shabby

It turns out that EU countries that are calling for the most stringent climate laws, are not much better than Poland when it comes to reduction of CO2 emissions. Poland must reduce emissions by five percent to reach 2020 goals. This places Poland in 17th place. France, for example, needs to reduce e...

Poles cautiously optimistic about new Prime Minister

A CBOS poll measured public opinion regarding the new Prime Minister Ewa Kopacz. It turns out that 44 percent of the population is happy with Ewa Kopacz in the new role, 29 percent is unhappy and 27 percent has no opinion on the matter, reported Polish Radio.

T-Mobile gets new CEO

Greek Zacharias Piperidis has been named acting CEO of the T-Mobile Polska telecom replacing Miroslav Rakowski.

Poland satisfied with EU climate deal

Prime Minister Ewa Kopacz has expressed satisfaction about the compromise achieved at the EU climate summit, which took place in Brussels on Thursday and Friday. The key source of satisfaction was that Poland has managed to retain its quota of free CO2 emission allowances until 2030.