PKN Orlen to benefit doubly from tax relief extension

Oil giant PKN Orlen stands to benefit by as much as zl.300 million from
Finance Ministry plans to put off for a year the cancelation of excise tax
relief on fuels containing ether. PKN Orlen is the only company producing
such eco-friendly fuels in Poland. It remains unclear whether the relief
will be extended further, which is more good news for PKN Orlen since the
uncertainty makes it unlikely that other companies will risk committing the
massive investment needed to produce the fuel. "It would be better to set
the term at, for example, five years, which would encourage potential
investors," said Miroslaw Kulak from the Polish Liquid Fuels Chamber (PIPP).
(Puls Biznesu, p. 9) M.K.