PGE may start mine construction in 2018

Poland’s largest power utility PGE plans to launch the construction of a hard coal min in Gubin in 2018, the company said in recent news release. The construction of a power generation plant on the site could then be launched in 2025.

Poland still needs to prepare before euro adoption – FinMin

Poland needs to work on improving its competitiveness before joining the euro zone to make sure it benefits from the adoption of the common currency, Finance Minister Mateusz Szczurek told web portal When asked if Poland should enter the euro zone, Szczurek said that it should, “but only whe...

Poles buy less fuel

According to the Polish Organization of Oil Industry and Trade (POPIHN) the amount of fuel Poles buy has decreased. In H1 of 2014 the use of gasoline, LPG and heating oil has decreased by 1.5 percent compared to the same period of 2013.

Transportation firms ask for support

Polish transportation firms met Treasury Ministry officials on Friday, asking for government support in connection with Russia’s embargo on Polish food imports. No decision has been made so far.

Netia to cooperate with P4?

Poland’s second-largest telecommunications firm Netia may cooperate with local peer P4, operator of the Play network, the company’s biggest shareholder Zbigniew Jakubas was quoted as saying by Reuters.

Private equity funds exit Polish companies with good results

The value of the exits on the Polish market increased five times to a record value of €285 million, according to the Polish Private Equity and Venture Capital Association. In 2013, private equity and venture capital funds operating in Central and Eastern Europe ended investments in 88 companies, in ...

Household appliances sales break records

The sale of white goods increased in the period of January-July 2014 by 7 percent in terms of volume and by 10 percent in terms of value. The growth in small household appliances is even more significant, Wojciech Konecki, president of the Polish Household Appliances Producers’ Association told dail...

More than 3 milion Poles use mobile banking

Most of the banks that offer mobile banking services have noted huge raises in the number of users making payments on their phones, Dziennik Gazeta Prawna reports. The total number of users for the top ten Polish lenders has exceeded 3 million.

Solaris extends Bolechów factory

Solaris Bus & Coach, a Polish bus producer, is  starting to develop its production facility in Bolechów near Poznań. The investment worth more thean PLN 45 million expected to result in a boost of production volume.  Eiffage Polska Budownictwo is responsible for the construction.