Poland
Poland tightens restrictions in response to rising coronavirus cases
Poland recorded 1,326 new coronavirus cases on September 29, the third consecutive day when 1,300 cases were confirmed.
Poland’s top e-commerce firm Allegro sets maximum IPO price at PLN43
Pricing puts the offering’s valuation at PLN8.1bn, one of the biggest-ever IPOs on the Warsaw bourse.
BRICKS & MORTAR: The office isn’t dead but it is evolving
The coronavirus pandemic has had a seismic effect on the real estate sector, and the office segment is no exception.
Poland to close coal mines by 2049, miners and government agree
Poland’s last two coal mines will cease operations in 2049, according to an agreement reached by the country’s powerful mining unions and the right-wing populist government.
Polish miners escalate protests as restructuring talks with government stall
Warsaw has proposed that coal’s share in electricity generation will fall to 37-56% in 2030 and then to just 11-28% in 2040. Miners flatly reject the plan.
Poland’s Allegro seeks valuation of up to PLN8.1bn in upcoming IPO
Poland’s top online retailer and auction portal Allegro set the maximum price of PLN43 (€9.59) per share for its debut on the Warsaw Stock Exchange.
Europe gains ground in new generation of battery innovation
Innovation in electric batteries is central to electromobility and the transition to the green economy, but European firms have so far lagged behind their peers from East Asia.
Post-lockdown recovery of Poland’s industrial production falters in August
After dynamic production increases to meet pent up demand in May-July, the growth in industrial production in August was well below consensus.
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Poland’s ruling coalition in crisis over Kaczynski’s pet bill on animal rights
Poland’s United Right coalition appeared to be coming apart at the seams after a bill boosting protection of animal rights passed in the parliament thanks to cross-party support rather than the usual partisan vote.
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Protesters rally against PiS’ plans to ban fur farms in Poland
Several hundred protesters gathered in front of the headquarters of Poland’s ruling Law and Justice party to rally against plans to ban fur production in Poland.
Poland’s mining unions threaten strikes over decarbonisation plans
Polish mines will go on strike unless a deal is reached over Poland’s path to reduce the use of coal in its power sector, the country’s powerful mining unions said on September 14.
Polish e-commerce platform Allegro officially announces IPO
Allegro says it hopes to raise PLN1bn (€224.9mn) from the IPO on the Warsaw Stock Exchange. It's set to become Poland’s biggest listed company and one of the biggest on the Warsaw bourse.
Poland plans concerted effort to build national photovoltaic industry
Poland, which still produces over 70% of its electricity by burning climate-warming coal and lignite, has to build a cleaner energy mix in the coming decades.
Poland tables draft bill that could chase Huawei off the market
Warsaw wants providers of hardware and software to be vetted for potential influence from non-EU or non-Nato countries. Such requirements would clearly work against China’s Huawei.
Poland’s e-commerce behemoth Allegro expected to announce IPO details next week
The potential IPO could be worth $2.3bn-3bn, which would put Allegro’s valuation around $11bn.
Poland pledges bold move away from coal
Poland — one of the most emissions-intensive economies in Europe —wants to reduce coal’s share in the country’s energy mix to 37-56% in 2030 from the current figure of over 70%.
Lukashenko’s crackdown leads to exodus of IT professionals
The restart of Belarus' self-appointed President Alexander Lukashenko's brutal crackdown on protesters has led to a growing exodus of IT professionals that will destroy one of the country’s most successful sectors.
COMMENT: How Covid-19 is changing international business and politics
Ever since the plague in Athens in 430 BC described by Thucydides, epidemics have followed movements of people and changed the course of history. Today Covid-19 risks challenging the foundations of business in our modern interconnected world
Poland plans to curb electricity sales via power exchange to help coal industry
Poland’s huge mining sector is inefficient and loss-making while EU climate regulations and the rise of renewable power are limiting demand for coal.