JSW needs PLN 2bn loan to stay afloat, CEO warns

Jastrzębska Spółka Węglowa (JSW) CEO Bogusław Oleksy has warned the company needs a loan of around PLN 2 billion to maintain liquidity. A PLN 850 million loan from the Industrial Development Agency (ARP) is currently being processed. JSW is also seeking additional external financing outside European markets.