Polish miners escalate protests as restructuring talks with government stall

Wojciech Kosc in Warsaw September 24, 2020

Warsaw has proposed that coal’s share in electricity generation will fall to 37-56% in 2030 and then to just 11-28% in 2040. Miners flatly reject the plan.

Poland’s Allegro seeks valuation of up to PLN8.1bn in upcoming IPO

bne IntelliNews September 23, 2020

Poland’s top online retailer and auction portal Allegro set the maximum price of PLN43 (€9.59) per share for its debut on the Warsaw Stock Exchange.

Europe gains ground in new generation of battery innovation

Clare Nuttall in Glasgow September 22, 2020

Innovation in electric batteries is central to electromobility and the transition to the green economy, but European firms have so far lagged behind their peers from East Asia.

Post-lockdown recovery of Poland’s industrial production falters in August

bne IntelliNews September 21, 2020

After dynamic production increases to meet pent up demand in May-July, the growth in industrial production in August was well below consensus.

Poland’s ruling coalition in crisis over Kaczynski’s pet bill on animal rights

Wojciech Kosc in Warsaw September 18, 2020

Poland’s United Right coalition appeared to be coming apart at the seams after a bill boosting protection of animal rights passed in the parliament thanks to cross-party support rather than the usual partisan vote.

Protesters rally against PiS’ plans to ban fur farms in Poland

bne IntelliNews September 17, 2020

Several hundred protesters gathered in front of the headquarters of Poland’s ruling Law and Justice party to rally against plans to ban fur production in Poland.

Poland’s mining unions threaten strikes over decarbonisation plans

Wojciech Kosc in Warsaw September 15, 2020

Polish mines will go on strike unless a deal is reached over Poland’s path to reduce the use of coal in its power sector, the country’s powerful mining unions said on September 14.

Polish e-commerce platform Allegro officially announces IPO

Wojciech Kosc in Warsaw September 14, 2020

Allegro says it hopes to raise PLN1bn (€224.9mn) from the IPO on the Warsaw Stock Exchange. It's set to become Poland’s biggest listed company and one of the biggest on the Warsaw bourse.

Poland plans concerted effort to build national photovoltaic industry

Wojciech Kosc in Warsaw September 13, 2020

Poland, which still produces over 70% of its electricity by burning climate-warming coal and lignite, has to build a cleaner energy mix in the coming decades.

Poland tables draft bill that could chase Huawei off the market

bne IntelliNews September 13, 2020

Warsaw wants providers of hardware and software to be vetted for potential influence from non-EU or non-Nato countries. Such requirements would clearly work against China’s Huawei.

Poland’s e-commerce behemoth Allegro expected to announce IPO details next week

bne IntelliNews September 10, 2020

The potential IPO could be worth $2.3bn-3bn, which would put Allegro’s valuation around $11bn.

Poland pledges bold move away from coal

Wojciech Kosc in Warsaw September 9, 2020

Poland — one of the most emissions-intensive economies in Europe —wants to reduce coal’s share in the country’s energy mix to 37-56% in 2030 from the current figure of over 70%.

Lukashenko’s crackdown leads to exodus of IT professionals

Ben Aris in Berlin September 4, 2020

The restart of Belarus' self-appointed President Alexander Lukashenko's brutal crackdown on protesters has led to a growing exodus of IT professionals that will destroy one of the country’s most successful sectors.

COMMENT: How Covid-19 is changing international business and politics

David Landsman OBE and Khawar Qureshi QC in London September 2, 2020

Ever since the plague in Athens in 430 BC described by Thucydides, epidemics have followed movements of people and changed the course of history. Today Covid-19 risks challenging the foundations of business in our modern interconnected world

Poland plans to curb electricity sales via power exchange to help coal industry

bne IntelliNews September 1, 2020

Poland’s huge mining sector is inefficient and loss-making while EU climate regulations and the rise of renewable power are limiting demand for coal.

Polish GDP contraction confirmed at -7.9% y/y in Q2

bne IntelliNews August 31, 2020

The outlook is for a mild recession compared to fellow EU members but it is clouded by uncertainty regarding how the pandemic will unfold in the colder months.

Lukashenko to impose sanctions on Lithuania and Poland as the Belarusian women get ready to march in protest

Ben Aris in Berlin, Linas Jegelevicius in Vilnius August 28, 2020

Belarus' self-appointed president Alexander Lukashenko threatened to impose sanctions on Lithuania and Poland and block the transit of goods in reprisal for sanctions the two countries have already imposed on him.