Locked content PGNiG: share of gas imports from Russia fell in 2018

The share of gas imports from Russia in total import volume fell in 2018 to less than 67 percent, PGNiG said. The company imported over 0.62 bcm less natural gas from Russia than in 2017, down 6.4 percent y/y.  LNG imports (from Qatar, Norway and the USA) in 2018 increased by nearly 1 bcm (+58.2 per...

Locked content Poland condemns ‘Russian aggression’ in Azov Sea

Poland’s Ministry of Foreign Affairs has condemned Russia’s action in the Azov Sea on Sunday calling it an “aggressive behavior.” “After the illegal occupation of Crimea, the flare-up of the conflict in Donbas, construction of the Kerch bridge without the consent of the authorities in Kyiv, Russia b...

Locked content PGNiG to finalize two US LNG deals by end-2018

WSE-listed, state-run gas giant PGNiG hopes to sign at least two new long-term contracts for LNG supplies from the US by end-2018, deputy CEO Maciej Woźniak said. “In July this year, we announced 20-year contracts for LNG purchases, on the basis of ‘we buy this gas and buy it where we deem it approp...

EU court rejects Russian firms’ request to repeal sanctions

The European Court of Justice dismissed an appeal to cancel EU sanctions filed by Russian companies including Gazprom Neft and Rosneft as well as several Russian bankson Thursday. The court resolution confirmed that sanctions were applied correctly. The judges underscored that the purpose of sanctio...

Locked content AmRest finalizes franchise agreement with Pizza Hut Europe

AmRest finalized a franchise agreement with Pizza Hut Europe, giving AmRest the rights of a master-franchisee for the Pizza Hut brand in Russia, Azerbaijan, and Armenia. AmRest wants to open over 200 Pizza Hut restaurants on the Russian market within five years. The franchise agreement was concluded...

Locked content Poland arrests suspected Russian spy. Will expel 4 Russian diplomats

Poland’s security agents have detained an Energy Ministry official on suspicion of providing Russia with secrets about Polish energy sector The official, who has been identified only as Marek W (name withheld under Polish privacy law) is suspected of providing Moscow with the information on how Wars...

Locked content AmRest to invest €6 mln in Russian bakeries

WSE-listed restaurant operator AmRest signed a cooperation agreement with LPQ Russia regarding the development of a restaurant activity in the bakery segment on the Russian market, the company said in a market filing. AmRest will invest €6 million in the venture and will become the majority sharehol...

Locked content AmRest finalizes the takeover of Russian KFCs for PLN 105 mln

WSE-listed restaurant operator AmRest finalized the takeover of 21 KFC restaurants in Russia for PLN 105 million, the company said in a market filing. Local businesswoman Svetlana Mikhailovna Popova was the seller. Currently, AmRest operates 120 KFC restaurants in Russia. The deal was signed back in...