Polish power sector gets a boost
Posted: 2014-11-26
Poland offers many business opportunities for foreign entrepreneurs who choose to open companies here. The country has gone through tremendous and impressive changes since the fall of communism and has become an important and strategic location for businesses in Europe. The Polish mining industry, as well as other energetic branches are very well developed and the government is currently making new plans to improve these areas and expand their potential for investments.
New funds for the power sector
The Polish power network will undergo important changes in the next years. The European Union agreed to reduce the CO2 emissions by 40 percent and in order to do this, many countries in the EU, including Poland, will have to modernize their existing factories. The energy sector in Poland will receive 100 billion PLN to offset the costs that will be necessary to adjust their technology in order to produce less CO2.
The Polish Ministry of Finance is confident that this investment from the EU will be beneficial for the Polish industry and it will bring important investment programmes. At the same time, the Polish power network will continue to function at its usual pace. In an official statement, the Ministry also mentioned that starting with 2020 Poland will benefit from free allowances in the energy sector, which will have a positive impact on the country’s economy.
Restructuring the Polish coal mining sector
Poland is an important exporter of coal and Polish officials have recently declared that they plan on improving investments in the mining sector and take decisive steps for restructuring the activities in this sector.
A government representative will be appointed in order to supervise the restructuring of the coal mining sector and will be responsible for initiating, coordinating and monitoring all activities in this business field. The Polish mining industry has already started to see the first changes, as the government approved the takeover of two companies by other companies operating in the coal exporting field.