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NEWS

Katowice Special Economic Zone attracts investors

The Katowice Special Economic Zone (KSSE) in the southern Silesian industrial basin acquired 24 investment projects worth almost PLN 1.5 billion last year.

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WSE WEEKLY MARKET SUMMARY

• Monthly summary - 12.2008

The year 2008 is over. One feels tempted to add, fortunately. Hopefully, nothing in the near future will match last year’s events. The developments in the USA and on many other stock exchanges were comparable to what transpired in 1930 (when the DJIA fell by a third) and 1931 (when it fell by half). In 2008, the index lost up to 50 percent during the year. It was also the worst year in the 17-year history of the WSE.
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ECONOMY

OECD economic forecast for Poland

In its latest forecast for Poland, the Organisation for Economic Cooperation and Development (OECD) projects that in 2009 the country’s GDP growth rate will reach around 3%, investment expenditure will rise by 4% and inflation will stand at 3.2%. OECD has revised its previous projections in the face of the developments on global financial markets in early October.

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Economic Forecast for Poland

In building their financial plans for 2009 and investment plans for coming years, it is exceptionally difficult for Polish entrepreneurs to evaluate business risk because great changes can be expected in demand trends, interest rates, exchange rates as well as prices of some raw materials and semi-finished products. In order to make the risk assessment a bit easier, I propose that we assume the following course of macroeconomic developments:

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BUSINESS

We guarantee clearing security and efficiency

“The Polish clearing system is a strong point of the country’s banking system. Fortunately, no expense has ever been spared for its constant modernisation and expansion. We can now be satisfied with the results,” says Kazimierz Małecki, President of the National Clearing House (KIR SA).

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Modern company

The Polkomtel SA philosophy of operation makes all Poles our target group. We do not narrow down our target group, though we started out as a company that addressed its services mainly to the business community. Right now there are no such preferences. It is clear that the ordinary mobile users often order the same services as business users do – says Wojciech Dylewski, board member and operations director at Polkomter SA, the operator behind the Plus network launched in 1996.

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CULTURE

Shopping and modern art

Shopping and modern art

Europe’s first modern art museum attached to a shopping mall has been opened in the Polish city of Lodz. Known as ms2, this state-of-the-art extension of the city’s established modern art museum is part of the Manufaktura shopping complex, housed in a revitalized historic 19th century textile factory founded by the Poznański family of industrialists.

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‘Polish Market’ sponsors archaeological dig in Sudan

‘Polish Market’ sponsors archaeological dig in Sudan

Polish archeologists have been working in Sudan for decades. A lot of credit goes to the archaeological mission initiated by Prof. Kazimierz Michałowski at the turn of the 1950s and 1960s when work on preserving historical sites in Nubia began.

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PRESS RELEASES

WSE takes stock of 2008

94 companies debuted on all WSE markets in 2008: 33 on the main market and 61 on the alternative investment market NewConnect. Value of the offers in 2008 exceeded PLN 9.5 bln.

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Startech contracts Poland’s ZAK for PCG syngas and steam from plasma converter systems

Startech Environmental Corp., a fully reporting, award-winning, environment and energy company announced that it has been notified by waste2greenenergy Limited, the Company’s exclusive distributor for the UK and Poland, that w2ge’s wholly-owned Polish subsidiary SG Silesia Sp Z o.o. has entered into a formal contract with one of Poland’s largest chemical companies, Zaklady Azotowe Kedzierzyn SA for the sale to ZAK of PCG syngas and steam from the Startech Plasma Converter System™ to be installed, owned and operated by SG Silesia within the grounds of ZAK’s existing production facilities located in Kedzierzyn-Kozle in the southern Silesian region of Poland.

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EURO 2012

Euro 2012 – business or crisis

The Polish-American Chamber of Commerce, the British-Polish Chamber of Commerce and Loginet Media have held a press conference ‘Will business win the EURO 2012?’. The debate took place in Warsaw on October 23. It was attended by Mirosław Drzewiecki, Polish Minister of Sports and Tourism, Marcin Herra, president of PL2012, Witold Orłowski, consultant at PricewaterhouseCoopers Polska and Adrian Furgalski, director at the Transport Consultants Group TOR. >>

Euro 2012 is a natural step for Polish aviation

The level of Poland’s readiness to host Euro 2012 football championship was the focus of a UEFA meeting in late September. The press extensively reports that both Poland and Ukraine face major infrastructure problems which include the lack of properly-sized sports stadiums, while road and railway construction is lagging behind. But there seems to be a brighter spot in this fairly gloomy picture: experts say Polish aviation is ready to meet the deadline, as Sandra Jacobson reports.  >>
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BLOG

Pension reform gets political

Into the end game on the current government's only policy drive that pits a reformist agenda against special interests. Time to update the scorecard.

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