Energy concern PGE will build a power plant for the Central Transport Port

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

Mastercard is offering USD 200,000 to digitize Polish firms.

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

Wholesale sales in Poland up y/y in August – statistical office

The wholesale sales of Poland's trading firms rose by 0.8 percent year on year in August 2020 and went down by 6.9 percent month on month, the Central Statistical Office (GUS) said on Wednesday. Wholesale trade by pure wholesalers rose by 1.6 percent year on year and decreased by 3.8 percent

Poland’s budget deficit after August amounted to 2.96 billion euros

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,"

Retail sales in August rose 0.5% y/y – statistical office

Poland's retail sales increased in real terms by 0.5 percent year on year and fell by 2.4 percent month on month in August 2020, the Central Statistical Office (GUS) said on Monday. Economists polled by PAP expected August's retail sales to grow in real terms by 2.6 percent year on year

Poland’s industrial production in September may grow by 8% – ministry

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

Industrial production in Poland increased y/y in July – Eurostat

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

Polish gas network operator go into European Clean Hydrogen Alliance

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

Poland to spend 247 million euros to help companies investing in automation

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