16:00 2 June 2025
Szkopek for CIS: the time for unpopular solutions to mining has come
According to Jakub Szkopek from Erste Securities, regardless of the presidential election outcome, the mining sector in Poland now faces tough decisions. Rising costs and declining cash reserves at Jastrzębska Coal Company (JSW), along with massive subsidies to Polish Mining Group (PGG), are key issues. Despite Karol Nawrocki’s presidential win, it’s Prime Minister Tusk who may soon seek a vote of confidence, raising questions about coalition stability.
Szkopek warns of imminent unpopular measures in mining—such as job cuts and freezing of benefits—affecting almost the entire sector except for Bogdanka and Silesia mines. While the president has legislative power, any initiatives must pass parliament, and he may also veto laws like the wind turbine bill.
(wnp.pl)
