PGNiG Upstream Norway acquires shares in Storklakken

Posted on April 03, 2017October 27, 2023 by admin

Acquiring assets on the Norwegian market is a natural investment route for the PGNiG Group. Former PGNiG Upstream International, i.e. PGNiG Upstream Norway, a subsidiary of PGNiG SA, acquired shares in the recently discovered Storklakken oil field. The transaction is to allow for an increase in the extraction of hydrocarbons outside Poland. Piotr Woźniak, the President of PGNiG SA’s Management Board, stresses that he is happy to broaden cooperation with Aker BP, from whom PGNiG Upstream Nowa Read more

Lower ZUS contributions from 2018

Posted on April 02, 2017 by admin

In a recent press conference from the Ministry of Finance, Deputy Prime Minister Mateusz Morawiecki shed some light on government plans regarding changes to legal provisions regarding companies. More specifically, the new government ideas connected with the mandatory social insurance contributions that Polish companies have to pay. The officials want to free small enterprises from some of the taxation burden. The government recognize the need to change the rules of the game for the entr Read more

V4 meet at Central Eastern Europe Innovators Summit

Posted on March 31, 2017 by admin

Last Tuesday, Central Eastern Europe Innovators Summit took place in Warsaw. Among the guests that participated in the event were leaders of the Visegrád Group (V4 group): Poland, Czech Republic, Slovakia and Hungary. Prime ministers of the four countries: Beata Szydło, Bohuslav Sobotka, Robert Fico, and Viktor Orban, came to Warsaw to give boost to the cooperation between the four CEE nations and stress the importance of joint development and investment in innovative projects in the region. Read more

Chances for cutting off Russian gas

Posted on March 29, 2017 by admin

In one of his recent statements, the Minister of Foreign Affairs Witold Waszczykowski announced that within the next five years Poland is able to bring about the situation when it becomes independent of Russian gas. He also criticised the construction of the Nord Stream 2 gas pipeline. Waszczykowski stated he has “limited trust in (…) the European institutions. In connection with this, we also take independent actions so as not to hinge solely on the dictate of Russian gas supplies� Read more

PSG reactivates its Łuków branch

Posted on March 27, 2017 by admin

This year, Polska Spółka Gazownictwa (a subsidiary of Polskie Górnictwo Naftowe i Gazownictwo) launched another branch reactivated after its prior liquidation – gasworks in Łuków (Lubelskie voivodship). During a meeting with local government officials from Lubelskie Voivodship, Minister Krzysztof Małkiewicz declared that re-opening of the branch in Łuków provides opportunity for development for the entire regions, as also that as a “new” investment, it has a chance to bring more jo Read more

Poland will have an international hub airport?

Posted on March 26, 2017 by admin

This week, the Economic Committee of the Council of Ministers made a recommendation about construction of a new airport in Poland. The new so-called central communication port is to be a big international hub allowing for long-distance air connections. It is to meet the growing air travel demand of Poles and also put Poland on the spotlight as a transportation node. The decision was made unanimously and “without any doubt”. In the last four years, airline travel numbers in Poland qu Read more

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