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WSE MARKET SUMMARY

• International Week In Brief - 11.06.2011

The key development on the Polish market last week was the National Bank of Poland’s decision to raise the reference interest rate from 4.25 percent to 4.50 percent last Wednesday. No wonder that the large-cap index on the Warsaw Stock Exchange WIG20 lost 1.10 percent and closed the week at 2,852.16 points. Technical analysis also requires use of extreme caution as the WIG20 daily chart suggests potential further deterioration of the sentiment. In particular, the mid-term MACD is close to the balance line indicative of the increasingly weak market situation.
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ECONOMY&BUSINESS

Not only a distinguished scientist, but an ingenious manager as well

Not only a distinguished scientist, but an ingenious manager as well

Rita Schultz interviews Prof. Henryk Skarżyński, the first to be awarded the Honorary Pearl by “Polish Market” magazine.
You’re known not only as an eminent scientist, but also as an appreciated manager. Where did your management skills come from? Are they acquired, innate, or enforced by circumstances?
I find it very difficult to assess myself. True, life has given me the chance to prove myself in various situations. The basis for all was the scientific achievements which allowed me, after 10 years of collecting experiences, to perform surgery on the world’s first patient with partial deafness, following
the first successful restoration of hearing in a deaf person in Poland in 1992.

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The power industry and shale gas

The power industry and shale gas

“The European Union’s energy policy should take into consideration three objectives – competitiveness, sustainable development and reliability of supply,” said Deputy Prime Minister and Minister of the Economy Waldemar Pawlak in a meeting of the Economic Committee chairpersons of
the EU Member States. The debate on “The needs and funding opportunities for EU energy policy until 2020” was held on 12 September 2011 in the Polish Senate.

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PRESS RELEASES

IVG BUYS MLODZIEJOWSKI PALACE IN WARSAW FROM MERMAID

IVG BUYS MLODZIEJOWSKI PALACE IN WARSAW FROM MERMAID

Warsaw, 2 January 2012 – IVG announced the acquisition of Mlodziejowski Palace (Miodowa 10) office building for approximately EUR 22.4 million from a company managed by Mermaid Properties. The property was acquired for IVG Warschau Fonds, an investment fund managed by IVG Institutional Funds GmbH.

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15th Anniversary of VeriFone on the Polish market Innovation at the point of interaction

Warsaw, 8th November 2011, VeriFone - the global leader in secure electronic payments solutions celebrates its 15th anniversary in Poland and 30st Anniversary worldwide. VeriFone sums up 15 years performance on the Polish market and presents plan of development for next years.

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CULTURE

Continuous exposure to new pieces, as well as to creative and performing personalities

Continuous exposure to new pieces, as well as to creative and performing personalities

The Warsaw Philharmonic Choir, one of the most prominent vocal ensembles in Poland, will soon be celebrating 60 years of its existence – so many concerts, so many recordings...
Our choir launched its professional activity in 1953 under Zbigniew Soja. The subsequent choirmasters were Roman Kuklewicz, Józef Bok, and Antoni Szaliński. I have been the Director of the
Choir since 1978. Indeed, there’s been a great many concerts, programmes, and recordings. We are a professional ensemble, nearly all of the members having completed higher musical education.

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A feast of theatrical magic

A feast of theatrical magic

Staged by opera houses worldwide, Pyotr Tchaikovsky’s “The Nutcracker” is one of the composer’s best-known works. On November 25, 2011 this beautiful two-act ballet adapted from a children’s story by E.T.A. Hoffmann will open in a new staging at Warsaw’s National Opera House as part of the cultural programme accompanying Poland’s ongoing EU presidency.

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