PIR may help Węglokoks take over mines

State-owned investment vehicle Polskie Inwestycje Rozwojowe (PIR) may be involved in the financing of the takeover of coal mines by Węglokoks from troubled Kompania Węglowa, Deputy Treasury Minister Wojciech Kowalczyk was quoted as saying by the Polish Press Agency.

CPI to remain low – NBP

CPI inflation will remain visibly below the 2.5 percent target until 2016, according to the latest economic projection issued by the National Bank of Poland. It will be affected by low demand and cost pressure.

Clashes on Independence Day in Warsaw

Some 215 people were detained after clashes with police that took part during the annual Independence March on November 11. The violence was started by groups of people who split from the march itself.

Sejm approves law on coal licenses

Poland’s lower house of parliament has approved an amendment to energy law that introduces licenses for the sale of imported coal in Poland. MPs were almost unanimous, with just one vote against the amendment and one person abstaining.

Sikorski remains Sejm speaker

Sejm Speaker Radosław Sikorski, a former foreign affairs minister, survived a no confidence vote on Friday morning. Only 146 voted in favor of the motion filed by Law and Justice, while 240 were against it and 48 abstained from voting.

Mogherini: New sanctions against Russia possible

The possibility of new sanctions against Russia is “always on the table,” EU chief diplomat Federica Mogherini said during her visit to Warsaw on Thursday. She said that further steps toward Russia would be discussed at the EU foreign affairs ministers meeting on November 17.

EIB launches new €700 mln facility for Poland

The European Investment Bank has announced it would lend €700 million to Poland for key investments in research, development and innovation, the EIB said in a news release on Thursday. The financing will also support the development of transport infrastructure in Eastern Poland.