Poland's PGE to scrap non-core business projects to cut costs
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WARSAW (Reuters) - Poland's biggest energy group PGE has decided to close projects that are not related to its core business, aiming to improve margins and reduce costs, the company said on Thursday.State-run PGE said that when taking the decision it took into account its near 4 billion zlotys ($958 million) net loss for 2019, the weak performance of its shares and the negative impact of the coronavirus on the economy and on power consumption. "The management decision is related to ... the..