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Investment

Government preparing 'plan b' in case budget talks fail - PM

Morawiecki reiterated his government’s opposition to the budget, saying that in its current form it "breaks European treaties." Paweł Supernak/PAP

Mateusz Morawiecki, the prime minister, said his government is working on a “Plan B” in case Poland is unable to reach an agreement with Brussels on the next EU budget.

Orlen Group to allocate over EUR 31 billion for strategic investments

Poland's top fuel and energy group PKN Orlen plans to earmark over PLN 140 billion (EUR 31.26 billion) for its strategic investments until the end of 2030.

Cannabis firm hits a new high after raising 4 million PLN in 30 minutes

An Elbląg company manufacturing CBD and hemp fibres for the textile industry have hit a new high after raising 4.2 million PLN in just 38 minutes in an online fundraising drive.

Poland to invest EUR 541.3 million in road infrastructure

Poland will earmark PLN 2.5 billion (EUR 541.3 million) from the National Road Fund to the Safe Road Infrastructure Programme for 2021-2024 aimed at increasing the protection of road users, the Infrastructure Ministry said in a press release on Thursday.

Polish air hub's first construction stage to cost EUR 2.77 bln - gov't

The first construction stage of Poland's Central Transportation Port (CPK), a major air, rail and road hub, will cost PLN 12.8 bln (EUR 2.77 bln) and the work will be financed mostly by bond issuances, the government's press office said on Wednesday.

AlleGROW! E-trader Allegro becomes largest IPO in Poland’s history

The demand from individual investors far exceeded the availability of shares and while 9.2 million shares were available, raising 400 million PLN, there was demand for 2.65 billion PLN worth of shares.

EU announces massive investment in underwater electricity cable between Poland and Lithuania

The new funding will go towards building the Harmony Link cable which will support the development of energy infrastructure in the region, becoming a building block for an offshore grid in the Baltic Sea.

FDI in Poland falls by 28 pct in 2019 to EUR 9.3 bln - central bank

Foreign Direct Investment (FDI) inflows into Poland fell by 28 percent in 2019 to PLN 41.67 billion (EUR 9.3 billion) the National Bank of Poland (NBP) has reported. Polish direct investment abroad stood at PLN 5 billion (EUR 1.11 billion) in 2019.

President talks economic cooperation, investment with Saudi FM

Polish President Andrzej Duda received Saudi Foreign Minister Prince Faisal bin Farhan bin Abdullah Al Saud on Wednesday to discuss economic cooperation, investment and Middle Eastern regional affairs, the President's Office announced in a statement.

Poland plans new incentives to boost investments

The Polish government readies more than 20 tax and regulatory changes and simplifications to help attract capital to Poland and support development and foreign expansion of domestic businesses, the daily Dziennik Gazeta Prawna (DGP) reported on Wednesday.

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Top 5 articles:

  • Mayor offers reward to first couple to have a boy in village where only girls are born
  • It’s official! Kraków is the best place in Europe for food, says European Academy of Gastronomy
  • Poland in COVID-19 LOCKDOWN! PM orders bars, restaurants, shopping centres and borders closed - and cancels ALL flights
  • Villager finds stash of 17th-century coins after falling off his bike while looking for mushrooms
  • The systematic massacre of all children under 10 will forever be a stain on humanity, says TFN’s Stuart Dowell
Art & Culture

Tokarczuk teams up with illustrator Joanna Concejo for latest book described as ‘an experiment with form’

The picture book which was first published in Polish in 2017 as ‘Zagubiona dusza’ has now been translated into English under the title ‘The Lost Soul’.

The first report:

  • Polish PM voices a clear stance on EU strategic autonomy at EU summit
  • Polish ski-jumper takes gold in normal hill competition
  • Covid crisis is an economic opportunity for Poland, PM says
  • Opposition presents pandemic aid programme
  • Ruling Law and Justice continues to have highest voter support - poll

Exclusive

‘I grew up in death camp house’: Extraordinary story of women born in Auschwitz and who has lived there ever since

Once asked to draw the view from her bedroom window for homework, Anna Odi couldn’t decide whether to draw the crematorium or the gallows where Auschwitz commandant Rudolf Hoess was executed. She told TFN: “I think I am a hostage to the stories of people who experienced this hell. I am continuing what my parents started, to be a witness. Like my parents, I owe it to the victims.”

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