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.

PKP Cargo mulls acquisitions and debt financing

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.

AMEC Nuclear to advise on Polish nuclear plant

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.

Sharp to sell Polish production plant – media

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.”