Sejm debates no confidence vote

Poland’s lower house of parliament held a debate on Wednesday regarding the planned vote of no confidence against the government and against Interior Minister Bartłomiej Sienkiewicz. It is already known that both coalition parties will support the government and that left-wing MPs will abstain from ...

PwC: WSE lags behind European stock markets

The Warsaw Stock Exchange hosted only six IPOs in the second quarter of 2014, three on the main market and three on NewConnect. With total IPO value at €89 million, the WSE is behind a stock market revival in Europe, PwC said in the latest edition of its IPO Watch report.

EC may soon approve aid for LOT

EU competition commissioner Joaquin Almunia said on Wednesday that he expected a positive decision to come soon regarding the state aid issued to LOT Polish Airlines.

Gant shrouded in controversy

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 may still benefit from shale gas – Deloitte

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.

Orlen denies selling Lithuanian refinery

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.

Warsaw gets PLN 1 bln loan from EIB

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.