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USA mulls new sanctions on Nord Stream 2 natural gas pipeline
The US is considering imposing new sanctions on the Nord Stream 2 natural gas pipeline from Russia to Germany. The expanded sanctions would impact all pipeline laying activities and companies that provide insurance, port...
Internet banking will expand due to #StayAtHome
As the coronavirus pandemic was spreading, concepts such as home office and e-learning gained in popularity. As consumers mobility has been limited, it can be assumed that home banking will also follow and will increase the...
International trade in services is slowing down
A significant slowdown in the Polish trade growth in services has been already observed by the end of 2019. The Q4’19 results have been one of the weakest recorded since the end of the global financial crisis The current crisis...
Ageing economies
The population of the already reduced European Union will shrink from 447.2 million in 2020 to 408.2 million by the end of the century. At the same time, there will be 40 million more Europeans 65+ year old than today. For...
Visegrad Group is less sensitive to the slowdown in Western Europe
The rate of economic growth in Poland and the Visegrad Group countries (Czech Republic, Hungaary, Slovakia and Poland; V4) has not reflected the markedly weaker economic situation in Germany and the Eurozone countries over the...
Offshore wind farms are necessary for the energy industry
The International Energy Agency predicts that over the next 20 years their power generation capacity will have increased 15-fold or more. According to the Polish government, during this time the generation capacity of offshore...
Poland’s gas company won USD1.5bn compensation claim from Gazprom
Stockholm Arbitration Tribunal has issued a decision in favor of Polish oil and gas company PGNiG. The decision changes the method of pricing for Russian gas, attaching it to the prices for gas in Western Europe and is backdated...
How does Europe deal with problem banks?
In 2010, former Governor of the Bank of England, Mervin King, said that “large, complex financial institutions are global — at least in life if not in death.” He highlighted the lack of an international framework for bank...
Poland’s painful shift from coal to gas
Changing the fuel source of a planned 1-GW power plant in Ostrołęka in northeast Poland, known as Ostrołęka C, from coal to natural gas may delay the project. Ostrołęka was said to be Poland’s last new coal-fired plant,...
DB and Ukrainian Railways — a helping hand or a hostile takeover?
Having control of the Ukrainian state railway company Ukrzaliznytsia means having control over the lion’s share of Ukrainian exports and transit of goods, as well as a huge market for companies producing for the railway...