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The Warsaw Voice » News from March 16, 2017
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Paweł Borys, president of Polish Development Fund (PFR) talks to Juliusz Kłosowski (excerpts):
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The Polish government believes that adding nuclear power to its energy mix would improve its bargaining position in talks with the European Commission and allow for a longer usage of coal-fired generation, Energy Minister Krzysztof Tchorzewski told reporters.
The Polish government admits to certain challenges in the ongoing process of merging state coal miners PGG and KHW, but remains committed to the end-March deadline and hopes to strike terms with investors and creditors yet this week, Energy Minister Krzysztof Tchorzewski told reporters.
Natural gas giant PGNiG saw its cogeneration unit PGNiG Termika withdraw from the transaction of buying EDF's Polish assets, with PGE assumed to take over PGNiG's share in the transaction, buying consortium members said in separate market filings.
The Polish government has no signals that power producer ZE PAK is for sale by its owner, Energy Minister Krzysztof Tchorzewski said during a press briefing on Wednesday.
Poland’s top insurer PZU earned PLN 638.5 million in Q4 attributable net profit, delivering a strong beat to the consensus forecast of PLN 530.8 million, according to the company’s FY 2016 financial report and 9M figures showed.
The Polish government will marshal its state development institution PFR to manage pension funds as it transitions from the current OFE pension system to individually owned pension funds, deputy PM, Finance and Development Minister Mateusz Morawiecki said at a banking forum.
Parcel services provider Integer has said it could go bankrupt if private equity group Advent International is unsuccessful in its takeover bid.
Polish unit of Dutch insurer Nationale Nederlanden (NN) wants to double its share of the bancassurance market, NN management board member Michal Hucal said.
Real estate firm Griffin Premium hopes to raise up to a net EUR 28 million from issuance of up to 22.2 million new shares in a deal which, with existing shares, could put 51.2 to 74.3% of the firm into free float for up to EUR 130 million, Griffin said in a press statement.
White goods producer Whirlpool will open a Central European service center in Lodz, central Poland and hire 200 people.
Poland shouldn't relaunch the discussion on euro adoption now as entering the euro zone would hurt the Polish economy, ruling party Law and Justice (PiS) leader Jaroslaw Kaczynski told Rzeczpospolita daily in an interview.
Power group Enea expects it will have to spend around PLN 100 million annually over three years to adjust the Polaniec power plant it took over from French Engie to Best Available Techniques (BAT) conclusions, Enea deputy CEO Mikolaj Franzkowiak told a news conference.
Polish banking sector's capital requirements are vital for maintaining the stability of the sector, especially in view of global political uncertainty, the head of financial market regulator KNF Marek Chrzanowski said during a banking forum in Warsaw.
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