Poland's State Treasury will buy out shares in the Polish Mining Group (PGG), Europe's biggest coal mining conglomerate, from four shareholders in which the Treasury has stakes.
According to initial estimates, Poland's 2021 GDP was valued at PLN 2.62 trillion (EUR 560 billion) the Central Statistical Office (GUS) reported on Thursday.
Oil and gas group PKN Orlen will take over its peer Lotos and natgas group PGNiG by issuing new shares to be acquired by Lotos and PGNiG shareholders, the companies said in parallel market filings after striking an agreement with the State Treasury.
Polish Treasury debt at the end of February rose by PLN 32.6 billion (EUR 7.08 billion), or 3.0 percent month on month, to about PLN 1.122 trillion (EUR 243 billion), the Finance Ministry said.
At the end of January 2021, the Polish State Treasury debt reached PLN 1.098 trillion (EUR 242.74 billion), up by PLN 0.9 billion (EUR 199 million) or 0.1 percent from December 2020, the Finance Ministry has reported.
About 200 hospitality sector companies plan to join a class action lawsuit against the state owing to losses run up under lockdown restrictions.
The Polish State Treasury debt at the end of December 2020 reached PLN 1.09 trillion (EUR 242.6 billion), up by PLN 7.3 billion (EUR 1.6 billion) or 0.7 percent from November, the Finance Ministry has reported.
The State Treasury is to purchase 100 percent of shares in Poland's special purpose company PGE EJ1, owned by three power firms PGE, Enea and Tauron, and copper company KGHM. PGE EJ1 is to prepare the design and construction of the country's first nuclear power plant.
Poland's largest fuel company PKN Orlen has signed a letter of intent with the State Treasury to gain control over the country's gas monopolist PGNiG, PKN Orlen said in a Tuesday statement.
The Polish State Treasury debt at the end of April 2020 stood at PLN 1.07 trillion (EUR 240 billion), up by PLN 35.4 billion (EUR 7.7 billion) or 3.4 percent from March, the Finance Ministry reported on Wednesday.
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