Poland will set up a coal warehouse capable of stockpiling up to one million tonnes of coal that mining companies are struggling to sell as generation of electricity from the fossil fuel is in decline.
V4 plus Austria agree on issues such as migration, border security and enlargement, but differences arise over nuclear energy as a solution to climate crisis.
Volkswagen used misleading information about emissions from its brands Volkswagen, Audi, Seat, and Skoda between 2008 and 2016.
Higher prices in food, housing, hotels and restaurants, as well as culture and recreation segments drove the result, though a pick-up in core inflation also played a role.
Coal producing regions such as those in Poland and Czechia stand to benefit from the Just Transition Mechanism, a tool Brussels hopes will mobilise up to €100bn to ease the move away from coal as a source of energy.
CEESE had a good year in 2019, with the economies in the region buoyed by increasing domestic consumption and capital spending that allowed the region to decouple from western Europe.
The new year is shaping up to be at least as tumultuous as the old one, or, in fact, each one since 2015, when the incumbent right-wing nationalist populists from PiS won their first term in power.
The European Commission’s batch of Economic Sentiment Indicators (ESIs) fell sharply in December, although they remain consistent with regional GDP growth holding steady at around 3.6% y/y in Q4. Robust domestic demand should help to cushion the blow
The expansion continuing in November is hardly a surprise. Poles’ robust consumer spending is driven by the good situation on the labour market, low unemployment and growing wages in particular.