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Significance
Efforts to tackle financial problems at state-owned coal miner Polska Grupa Gornicza (PGG) were deferred during the two-year election cycle which ended in July. PGG faces the imminent threat of insolvency unless it agrees to major restructuring.
Impacts
Coal mine closures in Upper Silesia will increase unemployment in the region but other firms may come in that require blue-collar workers.
PGG restructuring will cut into regional support for PiS in the long term, possibly with a decisive effect on the 2023 local elections.
The EU will maintain its pressure on the Polish coal industry, seeking further closures and the phasing out of coal power.
Keywords:
Poland,
EUR,
EU,
economy,
industry,
politics,
social,
coal,
government,
mining,
policy,
unions,
corporate,
election,
electricity,
emergency,
employment,
energy,
environment,
foreign trade,
health,
party,
protest,
public sector,
reform,
regional,
talks,
wages,
Fossil fuels
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2020
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