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The Warsaw Voice » Business » July 4, 2014
Business & Economy
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In Brief
July 4, 2014   
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Global Trade Dips

International trade is down, according to Dutch economic policy analysis institute CPB. March was the second month in a row with a downturn—sales fell 0.8 percent compared with February, when they decreased by 0.7 percent from January. This means that throughout the first quarter, the volume of international trade in goods and services grew 2.4 percent in year-on-year terms. This is less than global GDP growth during this period, the CPB says.

The downturn puts a question mark over forecasts by the International Monetary Fund, according to which global trade will increase 4.3 percent this year, while global GDP will rise 3.6 percent. Next year the figures are projected to be 5.3 percent and 3.9 percent respectively, which would mean a return to pre-crisis levels, when international trade grew about twice as fast as the global economy and was the main driver of economic growth worldwide, the CPB said.

Energy from the Sun
Some 2.4 MW of new photovoltaic capacity came on line in solar power plants across Poland in the first quarter of this year. The bulk of this new capacity is in installations connected to the power grid, according to the Warsaw-based Institute for Renewable Energy. Today, the total capacity of photovoltaic installations in Poland is 6.6 MW.

The first quarter of this year saw the fastest quarterly growth in solar power ever recorded in Poland. Earlier, a significant increase in the capacity of these types of installations was recorded in 2011 and 2012, at 1.1 MW and 1.4 MW respectively. Last year, only 0.6 MW of new photovoltaic capacity was added to the power grid.

Millions for Shale Gas
Poland’s National Center for Research and Development (NCBiR) will fork out a hefty zl.53.5 million for research into new shale gas drilling and extraction technologies. These funds will go to research consortiums that will additionally contribute more than zl.33 million to the project in their own funds. As a result, a total of zl.87 million will be allocated to six research projects involving shale gas technology. Five of these projects will be carried out by universities and research institutes together with Polish oil and gas company Polskie Górnictwo Naftowe i Gazownictwo (PGNiG). One project will be carried out in collaboration with Pyrocat Catalyse World, a Polish company from the southwestern city of Wrocław whose core business is in the production of water and sewage treatment systems. The projects will seek to develop new methods for accessing and extracting shale gas deposits, in addition to developing innovative technology for extracting shale gas using liquid carbon dioxide.
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