Polish energy firm PGE is to build a power station for the needs of the planned Central Transportation Port CPK) for an estimated PLN 300 million (EUR 65.88 million) with an output of 60-100 MW, PGE President Wojciech Dabrowski told a Friday press conference. A cooperation agreement related to the planned
US payment giant Mastercard will offer a grant of USD 200,000 for the digitisation of Polish small and medium-sized companies, Mastercard announced on Thursday. It is the first scheme of its kind in Central and Eastern Europe carried out through the Mastercard Centre for Inclusive Growth programme, Mastercard said. Mastercard, in collaboration
The budget deficit amounted to PLN 13.3 bln (EUR 2.96 bln) after August, Deputy Finance Minister Piotr Patkowski announced on Tuesday, adding that the data suggest that Poland's economic situation is stabilising. "The provisional data on budget execution for the past month show a further stabilisation of economic activity in Poland,"
Poland's economic output will most likely see an 8-percent year-on-year increase in September, the Development Ministry wrote on Tuesday. According to data released by the Central Statistical Office on Friday, industrial output rose by 1.5 percent year on year in August 2020 and fell by 5.8 percent month on month. "In the
Poland's working-day adjusted industrial production rose by 0.9 percent year on year in July 2020, after falling by 4.4 percent year on year in June 2020, the European Union's statistics office, Eurostat, reported on Monday. Industrial production in the euro zone decreased by 7.7 percent year on year in July and
The European Commission has accepted the application of gas transmission operator Gaz-System to join the European Clean Hydrogen Alliance whose focus is on supporting the creation of a hydrogen-based economy in the EU. The Alliance is to play a fundamental role in supporting investment activities, including production, transport, storage and use
A tax break for entrepreneurs, that will allow the deduction of 50 percent costs incurred for investments in automation by Polish companies, will total PLN 1.1 billion (EUR 247.2 million) over five years, Development Minister Jadwiga Emilewicz said on Friday. According to her, thanks to this solution, entrepreneurs will be able