More and more firms and local governments issue bonds on Catalyst market
Firms and local governments issued PLN 7.6 bln worth of non-Treasury bonds via the Catalyst market in 2014 and the total value of the entire market reached PLN 544.6 bln, a report of auditing and advisory firm Grand Thornton showed.
Potential Grexit no threat to Poland in longer term
Greece has been in the center of attention of all European countries in the past few months as the financial crisis affecting the country has escalated. The possibility of Greece exiting the euro-zone (“Grexit”) has become more likely with concerns about such a possibility materializing growing stronger by the end of June, when Greeks refused to make a EUR 1.6 bln repayment to the IMF.
New trends in Polish power industry
Poland’s power industry is presently facing new challenges which stem from significant changes underway on the market. In Europe, conventional power plants suffer a decline in profitability as their position is undermined by renewable energy sources. Distribution firms are affected by instability of generation sources, while sellers need to tackle the new model of consumer behaviour, shows a report prepared by consultancy PwC and ING BSK bank.
Minister Czerwiński at the LNG terminal in Świnoujście
The progress of works at the LNG terminal and tasks to be completed before the commercial operation of the installation is launched were the topics of the working meeting of Andrzej Czerwiński, the Minister of Treasury with the management board and engineering staff of the investor - the Polish LNG company and representatives of the general contractor of the investment led by the Italian Saipem company.