Polish Oil and Gas Company (PGNiG) has announced that the results of preliminary work aimed at proving unconventional gas reserves in the Markwola well in Lublin Province in eastern Poland will be announced in the end of September. Aurelian Oil&Gas expects the first results of their drills by the end of this year, wnp.pl reports.

It seems Poland will join the countries, which burden banks with additional tax, ‘Gazeta Wyborcza’ reports. ‘The government is working on a new bank tax’ Polish Prime Minister Donald Tusk said.

Agora, whose flagship business is "Gazeta Wyborcza", Poland’s largest daily, has signed an agreement to acquire 84% of shares of Helios Film Centre, the operator of 24 multiplex and 2 traditional cinemas, Agora said in a communiqué.

PKN Orlen, one of Poland’s largest crude oil refiners, noted PLN 682 million of consolidated operational profit in Q2 2010 as calculated with LIFO (last in, first out) method as compared with PLN 262 million loss in the respective period a year earlier, the company said in a communiqué.

According to the financial statement released by the Polish Gas and Oil Company (PGNiG), the company noted PLN 992 million of consolidated net profit in the first half of this year as compared with PLN 493.5 million loss in the respective period of last year, wyborcza.biz reports.

NewConnect, the most dynamically growing international alternative equities market in Europe, celebrates its 3rd anniversary today. To mark it, the Warsaw Stock Exchange is launching the Life Science Index, incorporating medical and biotechnological companies listed on NewConnect.

PZU, Poland’s state-controlled insurance company, is interested in two or three companies operating in Belarus, ‘Parkiet’ daily found out. PZU may acquire the largest Belarusian insurer – Treasury-owned Belgosstrakh.

The opening of Fortum’s new heat and power plant in Częstochowa, southern Poland, is planned for mid-September. The new plant will have 120 heat MW and 64 power MW capacity. The cost of the investment is estimated at over EUR 130 million, wnp.pl reports.