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40 Billion PLN for Renewable Energy Suppliers

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In accordance with the regulations adopted by the EU, each Member State has to meet its renewable energy targets. In the case of Poland, the share of “green” energy in total energy consumed in the country in three years’ time is to rise up to 15%. Despite the deadline looming ahead, Poland is still far away from fulfilling the requirement. In order to increase the share of renewable energy sources in the energy market, the government has plans to back up “green” energy producers. Publ Read more

Polish Financial Institutions Warn Against Bitcoin

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While bitcoin prices skyrocketed on markets on financial institutions, the National Bank of Poland (NBP) together with the Financial Supervision Authority (KNF) issued a press release warning Polish people about the risks involved in investing in cryptocurrencies. The financial institutions clearly state that bitcoin, ether, litecoin and similar creations are not legal tenders and should not be regarded as currencies. Contrary to what some may believe, cryptocurrencies do not constitute digital Read more

Poland Attractive for Foreign Investors

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Mateusz Morawiecki, Deputy Prime Minister, and Minister of Finance, intensively seeks more foreign investors to promote the good image of the Polish market. He is particularly interested in new investors from abroad. He personally promotes business activity in Poland during meetings with directors of Commerce Chambers and gives interviews in foreign media, his visits in the USA and London revolve around this. Jakob Christensen, chief economist of Read more

Mateusz Morawiecki Is The New Prime Minister of Poland

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The President of Poland, Andrzej Duda, appointed a new government led by a new Prime Minister of Poland Mateusz Morawiecki. Former Deputy Prime Minister will now stand in charge of the government in place of Beata Szydło who resigned from the position last week. Surprisingly, all cabinet members stayed the same, while the former Prime Minister of Poland was offered and accepted the role of a Deputy Prime Minister responsible for social issues. Personal shifts in the government are expected in J Read more

Capacity Market Bill Passed Through Sejm

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The lower chamber of the Polish parliament or Sejm has recently passed a bill that is of significant importance to the energy industry in the country and will shape the condition of the sector for the years to come. Lawmakers decided to introduce a capacity market to secure future deliveries of electric energy to private and business consumers. Power enterprises will receive payments for maintaining backup capacity as well as providing electric energy. This is to ensure a stable electric power s Read more

The Council of Ministers Adopted the Constitution for Business

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It is a package of five drafts of bills from The Council of Ministers regarding amendments to commercial law: Entrepreneurs’ Law, act on the Spokesperson for Small and Medium Enterprises, Act on Central Register and Information on Commercial Activity and Information Point for the Entrepreneur, act on the rules of participation of foreign entrepreneurs and other foreign persons in Read more
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