Billions have already been spent on the planned plant but Orlen says halting the project now will save the firm from likely losses.
Business
Polish ruling party’s presidential candidate outlines aims on abortion, defence and economy
Trzaskowski pledged to end Poland’s “embarrassment on the international stage and medieval anti-abortion law”.
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PepsiCo opens 1 billion zloty snack plant in Poland
The facility is PepsiCo’s first in the EU designed to measure CO2 emissions, with the aim of achieving net zero emissions by 2035.
Polish government launches data checking service after millions of logins leaked online
Over six million usernames and passwords have been published with over 100,000 individuals affected.
Inflation slows in Poland to lowest level in over a year
The Polish Economic Institute estimates inflation will fall to single-digit levels around October this year.
Majority of Poles support construction of small nuclear reactors
But support falls to 45% when Poles are asked if they would want a small nuclear reactor in their local area.
EU advises Poland to cut spending and improve targeting of social benefits
It also urges Poland to fulfil milestones agreed to unlock billions in post-pandemic recovery funds.
Poland urges Czechs to change tax law to ease investment in diversifying from Russian oil
“We cannot invest where regulations outright stifle investment processes,” said the CEO of Polish state energy giant Orlen in Prague.
EU approves €1bn Polish state support for farmers affected by Russia’s war in Ukraine
Grants of up to €250,000 will help agricultural producers weather increases in fertiliser prices and the lack of stability on the market.
Visa to open global tech hub in Poland
The new tech hub, Visa’s fifth worldwide and the first of its kind in Central and Eastern Europe, will employ 1,500 specialists.
Poland introduces new rules to smooth succession of family businesses
Until now, succession at family businesses could be costly, difficult and time consuming.
Polish pipeline operator seeks €1.3 billion from Russia’s Gazprom for ending supplies
EuRoPol Gaz is demanding a payment of lost transmission fees after Gazprom halted supplies last year.
Polish opposition propose doubling tax-free income threshold in latest campaign pledge
PO has also responded to the government’s plans to increase child benefits next year by proposing that the hike happen immediately.
Kraków bans alcohol sales in shops at night
Councillors in Kraków voted to ban sales between midnight and 5.30 a.m.
