Poland: Acron’s shares in Azoty Group seized

Poland has introduced mandatory administration over a 20% stake in local chemical company Azoty Group that Russian fertilizer producer Acron owns with the aim of their further withdrawal, Economic Development and Technology Minister Waldemar Buda told reporters July 11. “A decision to introduce mandatory management of the shares of the companies, whose owner, participant and…

Ukraine: chemical safety strengthened

The Verkhovna Rada approved in the second reading a Government draft law “On Chemical Safety and Management of Chemical Products”. This is a framework European integration document that will allow Ukraine to fulfill part of its obligations under the Association Agreement with the EU, as well as to ensure protection of Ukrainians and the environment.…

Lithuania: Achema closure signals more troubles to come

Achema’s decision to temporarily stop its nitrogen fertiliser production was a better option than operating at a loss and eventually going bankrupt, Vidmantas Janulevicius, president of the Lithuanian Confederation of Industrialists, believes. Soaring energy prices may force more companies to follow in its footsteps, he adds. “No business wants to increase its losses, because sooner…