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Poland: making asphalt pay
There was an old adage during the gold rush that the guy running the grocery shop and the saloon made a killing, while prospectors lost their shirts. It seems that the same principle applies to the...
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CEE refiners: not much upside
Photo: Bloomberg A word of advice to investors thinking of taking a flutter on central European refiners: don’t. That comes from Tomas Pletser of Erste Bank, who took a look at the region’s refiners...
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PKN: dishing out the dividends
Photo: Bloomberg Good news for Poland’s cash-strapped government on Friday: PKN Orlen, the state-controlled refiner, is to start paying dividends again after a five-year hiatus. True, the state’s stake...
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Poland: frightening the frackers
There’s a Polish saying about not dividing the skin on a bear – in other words waiting before the animal is caught before planning a warm coat. That’s a saying Poland’s finance ministry might do well...
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Poland’s PKN Orlen goes upstream in Canada
Poles have long had a soft spot for Canada. For decades one of the country’s most popular books has been a colourful paean to the Canadian bush called “Canada, the Scent of Sap” – a title that sounds...
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