Poland News
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Updated 2 hours, 10 minutes ago
Poland is selling 93.5 million shares in PGE SA, the country’s largest power utility, according to terms of the sale obtained by Bloomberg.
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Emerging-market stocks fell as the euro-region’s output unexpectedly decreased and a report showed China’s manufacturing may shrink in February, renewing concern that a slowing economy may weigh on global growth.
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Poland’s planned tax on extraction of hydrocarbons is designed to ensure a “predictable and friendly” environment for investors developing the country’s shale gas resources, Deputy Finance Minister Maciej Grabowski said at a news briefing in Warsaw today.
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Greentech Energy Systems A/S, a Danish renewable energy developer, is considering purchasing companies in distress due to the European debt crisis and plans to make an announcement in the first half of the year.
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Poland’s WIG20 Index fell 1.2 percent to 2,323.96 at 12:08 p.m. in Warsaw.
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Accor SA, Europe’s biggest hotel company, reported a 19 percent gain in full-year profit and said fourth-quarter business patterns continued into January, boosted by growth in budget lodgings and emerging markets.
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Poland’s Palikot Movement, which won 10 percent in last year’s general election, will not join the ruling coalition of Prime Minister Donald Tusk, Gazeta Wyborcza reported, citing leader Janusz Palikot.
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Polskie Gornictwo Naftowe i Gazownictwo SA, Poland’s dominant gas distributor known as PGNiG, is demanding a more than 10 percent cut in prices for imported natural gas in an international arbitration suit it’s filed against OAO Gazprom, Gazeta Wyborcza reported, without saying where it got the information.
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Updated 1 hour, 44 minutes ago
Solar-power capacity in Ukraine is forecast to double this year, spurred by the completion of Europe’s biggest photovoltaic plant in December and incentives a third higher than anywhere else in the region.
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Poland’s WIG20 Index rose 0.1 percent to 2,352.13 at the 5:30 p.m. close in Warsaw.
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