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.
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.
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 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.
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.
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.
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.
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.
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.
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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