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Uutiset

The End of Rafako: Court Declares Bankruptcy

The District Court in Gliwice has declared the bankruptcy of Rafako, as announced by the company in a stock exchange release on Thursday. Rafako had filed for bankruptcy in September.

Wealthy Czech Billionaire Takes Control of Slovakia's Largest Energy Producer

Daniel Křetínský, the second wealthiest Czech, has acquired a majority stake in Slovenské Elektrárne, Slovakia's largest energy producer. Křetínský, who recently finalized the purchase of the British postal service, also owns football clubs and the newspaper Le Monde.

Deputy Climate Minister: Even Ambitious Energy Plan Won't Meet EU Emission Targets

The Deputy Minister of Climate and Environment, Urszula Zielińska, admitted on Thursday in the Sejm that even the ambitious update to the National Energy and Climate Plan (KPEiK) will not allow Poland to meet the EU's emission reduction target of at least 55% by 2030.

Russia's LPG Embargo: Impact on Drivers

From January to October, Polish consumers paid around 2 billion PLN for Russian LPG, reports PAP Polish LPG Association. Starting Friday, an embargo on importing this fuel from Russia takes effect. Until mid-year, over half of LPG in the country came from the east.

Oil Prices Decline in USA

Oil prices on the New York fuel exchange are decreasing. Investors are concerned about demand prospects due to recent forecasts from Chinese refineries.