Locked content PGE, PGNiG and Energa to rescue Kompania Węglowa

The Ministry of the State Treasury has been trying to convince state-controlled blue-chip firms to invest in Nowa Kompani Węglowa for a while. According to treasury minister, Andrzej Czerwiński, utilities PGE, PGNiG Termika and Energa will engage in saving the troubled mine. “We have declarati...

Locked content Czerwiński: Poland may face fuel sector consolidation

Treasury Minister Andrzej Czerwiński said that Poland could eventually face the merger of its two fuel giants PKN Orlen and Lotos, but the decision will belong to the managements of the companies, the Polish Press Agency informed. There will probably come a time for decisions on the consolidation of...

LOT seeking serious investor

In recent years, Polish airline LOT has gone through a process of reorganization. It has relied heavily on identifying an appropriate strategic investor. The US investment fund Indigo partners was willing to invest,  however they backed out in August due to the political situation in Poland with the...

Locked content Treasury: capacity market possible next year

Andrzej Czerwinski, the Minister of the State Treasury is in favor of launching a capacity market in Poland, which has been in operation in other countries. “It is possible a capacity market will start to function in Poland in 2016,” Treasury Minister told reporters on the sidelines of a...

Locked content State Treasury won’t sell blue chip firms’ shares

The Ministry of the State Treasury won’t be selling its stakes in the biggest state-owned companies according to Treasury Minister Andrzej Czerwiński. “We are not planning on selling the shares, it would be a mistake taking into account the current world’s situation. We do not need...

Locked content Treasury Ministry: No changes in power firms management

Poland wants no changes in the managements of power firms, but expects them to get involved in the restructuring of the coal mining sector, Treasury Minister Andrzej Czerwiński told the Polish Press Agency (PAP). “From our part, there are no actions aimed at replacing [managements in power fir...

Locked content Poland to wait 10 years for shale gas

Poland may be able to extract shale gas from the domestic reserves within ten years, according to State Treasury Minister Andrzej Czerwiński. “In ten years, after developing a certain technology we will be able to relatively cheaply extract shale gas and provide it to recipients. There is a sh...

Locked content State treasury wary of selling blue-chip shares soon

Polish government is “flexible” when it comes to selling stakes in the biggest state-owned companies like PZU, PGE and PKP BP, Deputy Treasury Minister Krzysztof Kowalczyk said on Friday. Earlier, Treasury Minister Andrzej Czerwiński speculated that the treasury could offload part of its...

Locked content State Treasury to sell stakes in PZU, PKO and PGE still this year

Polish State’s Treasury is planning to put on sale its stakes in three large state-owned companies, such as country’s largest lender PKO BP, insurer PZU and power producer PGE still before the parliamentary election scheduled for October, treasury minister Andrzej Czerwiński told Reuters...