Polish renewable energy production drops slightly as role of coal power is still strong. According to the latest Polish Energy Market Agency figures, Poland exported less energy than it imported.
S&P: Hungary’s sovereign rating “BBB-/A-3” affirmed
Ukraine: Anthracite supplies from the US will help reducing dependency on Russia
The UK insurance company Aviva is the second-largest investor in the Polish coal industry, investing GBP372m (EUR415m), more than any other insurance company apart from Dutch firm Nationale Nederlanden.
Audi with new R&D investment in Hungary
Slovak part of Druzhba pipeline used at half of its capacity
As Poland produces over 80 per cent of its electricity from bituminous coal and lignite, and Polish power stations are often obsolete, Poland has the biggest energy problem in the EU.
The governing Law and Justice (PiS) is weighing up legislation that could swing Poland’s energy mix in the direction of coal, shale and possibly biomass.
Polish GDP will grow 3.8 per cent in 2016.
FinMin: Government debt up to CZK1.673tri.
The economy contracts.
The European Union introduces the so-called Market Stability Reserve. This is bad news for Poland, because it means an increase of energy prices.