Polish bank stocks were weaker after the country’s finance ministry outlined plans to increase the corporate income tax rate paid by lenders in a bid to shore up its budget.

Poland’s plan to hoist taxes on banks sent investors scurrying for cover amid concerns over the country’s bloated budget.

Poland's Finance Ministry said on Friday it was not working on a previously floated idea of taxing interest on banks' required reserves, as banks' shares tumbled following an announcement of plans to hike the corporate income tax they pay.

Polish independent power producer (IPP) R.Power plans to sell a 440MW ready-to-build PV portfolio in its home country.

Amid discussions about a potential foreign military mission in Ukraine, Warsaw's position remains unchanged - Polish soldiers will not be deployed to Ukraine. Source: Polish radio station RMF FM citing Władysław Kosiniak-Kamysz,

Poland plans to increase the corporate income tax rate paid by banks to 30% in 2026, from the current 19%, to finance increased defence spending, Deputy Finance Minister Jaroslaw Neneman was quoted as saying by the state-controlled news agency PAP.

While the number of people attending Gamescon indicates that the industry is not in crisis, it is still fighting many battles. These impact the extremely creative Polish games industry.