Tag: ORLEN

The marine carbon dioxide transshipment terminal, a joint venture by ORLEN, Lafarge Cement S.A., and Air Liquide Polska, has secured a grant from the European Commission to prepare investment project documentation and feasibility studies...

Russian aggression against Ukraine and the energy markets crisis have triggered a revival in nuclear energy, with many EU countries now planning to invest in this sector, including Poland. The country plans to build...

Two modern retail parks, one located in Zabrze and another one in Gliwice, were acquired by private investor. Zabrze retail park is located in the southern part of town, just near cross-town route 902 (Drogowa...

Visitors to numerous Orlen fuel stations in Poland are met with a peculiar sight these days: notes hung up announcing distributor malfunctions. This isn't an isolated incident. Many stations still don't have diesel available,...

Europol Gaz, by the decision of the Minister of Development and Technology, will become the owner of the company's shares previously belonging to PAO Gazprom. Meanwhile, according to the decision of the President of...

Polish energy giant ORLEN has conditionally agreed to purchase two wind farms from a company owned by the UK's Octopus Renewables Infrastructure Trust PLC. The facilities, which have a combined capacity of approximately 60...

Wind energy, currently providing around 2% of electrical energy, is a global leader in green solutions and is developing much faster than traditional energy technologies and other renewable energy sources. One of the most...

The National Bank of Poland's key interest rate, the reference rate, has been decreased by 25 basis points to 5.75%. This is the second consecutive decrease (following a 75 basis point reduction in September)....

The ORLEN Group has obtained a final decision from the Minister of Infrastructure granting five new offshore sites for the construction of wind farms. This paves the way for the initiation of the preparatory...

In the next 17 years, nuclear power is expected to account for approximately one quarter of electric power production in Poland. Both the first nuclear power plant in Pomerania and the second one in...

The European Commission has given its consent for the acquisition of 266 petrol stations in Austria. By the time this process is finalized, ORLEN’s services will be available in seven European retail markets. The...

"In Poland, inflation is artificially deflated by 5-6 percentage points. Instead of 8%, we would have inflation at the level of 13%. Inflation is lowered by the government and Orlen, which has introduced artificially...

Per preliminary data from the Central Statistical Office of Poland (GUS), inflation in September suddenly dropped to a single-digit level, falling to 8.2 percent year-on-year. A double-digit inflation rate had been plaguing us for...

ORLEN is intensifying its fuel station rebranding in Germany. The implementation of the ORLEN brand is accompanied by facility upgrades and an extended range of services for clients. Germany is one of the markets...

In 2018, the largest number of mergers and acquisitions in Poland took place in the real estate, industrial, telecom and IT, commercial, retail, financial and insurance sectors The continuous economic growth in our country fosters...

In 2016, PKN ORLEN posted record-high LIFO-based EBITDA of PLN 9.4bn before PLN 0.2bn impairment of assets, with all business segments contributing to a PLN 0.7bn (12M/12M) growth in full-year results. During the year,...