Renewable energy sources satisfied over 17% of domestic electricity consumption in Poland in 2022, power grid operator PSE reported. Solar energy is a valuable supporting source of power during the summer months, while wind farms complement the energy mix mainly during autumn and winter, PSE has said. However, the drawback is that the growing share…
Poland’s state-owned fuel company PKN Orlen will announce the 25 locations that will be home for around 79 BWRX-300 small modular (nuclear) reactors (SMRs) in April, Orlen CEO Daniel Obajtek has said. Obajtek said Poland planned to erect all the SMRs until 2038. “In April, we will announce the 25 sites for 79 SMRs,” Obajtek…
Poland should remain a “green island” in 2023 and avoid the recession threatening other European countries, with GDP growth estimated at 1.7%, a deputy finance minister has said. Artur Sobon said that the 4.9% GDP growth for 2022 reported by the Central Statistical Office (GUS) on January 30 was a “very good result.” It followed…
PKN Orlen, Poland’s state-owned oil and gas company, has “ambitious” plans to build 76 Small Modular (nuclear) Reactors (SMRs) in Poland until 2038, the company’s CEO has said. Daniel Obajtek made the announcement at a press conference on January 31 after signing a letter of intent on cooperation between Orlen and several Polish universities on…
Estonia, Latvia, Lithuania and Poland signed a joint agreement to depend on security cooperation and establish a new platform that spans the four countries. Minister of Foreign Affairs Urmas Reinsalu (Isamaa) and his counterparts co-signed the document in Riga, Lavia on January 31. “It lays the foundation for a cooperation platform of the four countries,…
The International Monetary Fund (IMF) has lowered Poland’s Gross Domestic Product (GDP) growth forecasts for this year and next. According to the IMF’s World Economic Outlook report published on January 30, Poland’s GDP is currently expected to grow by 0.3% in 2023, down from 0.5% predicted in the previous report issued in October 2022. In…
Polish economic growth will slow to 0.5% in Q1, a government-sponsored think-tank has forecast. Poland’s Gross Domestic Product (GDP) increased by 4.9% YoY in 2022, the Central Statistical Office (GUS) reported. This year, however, economists expect the growth will decline significantly. “Owing to a mild winter, we are not observing a reduction in industrial activity,”…