Polish Briefing 31 August, 2020 9:00 am   
Editorial staff

Polish Briefing: Will PGG be co-financed by the Polish Development Fund?

What goes on in Poland on the 31st of August.

Will PGG be co-financed by the Polish Development Fund?

The Minister of State Assets Jacek Sasin revealed on TV Trwam that he is seeking co-financing for Polska Grupa Górnicza from the Polish Development Fund, which will allow this company to survive “the next few months”.

The minister once again expressed his expectation that PGG would not produce coal “beyond measure”, but would adapt to the needs of the energy sector. – You can say that it has clogged heaps, there is nowhere to store this coal, there is no one to sell to. In addition, there are financial obligations that must be repaid – said the Polish Press Agency.

– I am absolutely convinced that we are not dealing here with rational politics and economy, which are conducted by the EU authorities. We are dealing with a kind of ideology that often makes a rational, substantive discussion extremely difficult – assessed Jacek Sasin. – And we will do everything to at least extend this period of abandoning coal, hoping that perhaps at some point there will be a correction of this policy, when it turns out that this policy leads to very bad consequences for the European economy.