Polish refinery Lotos Group has published its financial results for 9 months and for Q3 2008. Its net profit cumulatively Q1-Q3 (Jan 1 – Sep 30) has amounted to PLN 477.9 million. The consolidated income from sales revenues in Q3 amounted to PLN 4,764.2 million which is a 35% increase as compared to the respective period of last year. According to analysts this growth is connected with the hike in prices of refined products on global markets and increased sales. >>

The first Polish companies joined the international KIS 100 club, which gathers the most innovative small and medium enterprises. >>

By June products worth round 1.68 billion EUR had been exported in the automotive sector. In comparison to May the value of export rose by 5.5% and grew by 22.5% when compared to the analogous period last year - a report prepared by AutomotiveSuppliers.pl, a CEE automotive industry monitoring company reveals. >>

A conference devoted to German Investment in Poland: opportunities, successes and challenges was held in Warsaw October 29. It was organized by the Polish Information and Foreign Investment Agency, Rödl & Partner and the Domański Zakrzewski, Palinka Lawyers’ Office. >>

Bayer AG is widely known as the world’s foremost innovator in the field of pharmaceutical and medical products. The company fulfils its mission statement ‘Science For A Better Life’ in a much wider scope, through other subgroups: CropScience and MaterialScience.  >>

An agreement concerning granting a subsidy from public funds to a new Japanese investment by NIDEC was signed at the Ministry of Economy. The NIDEC factory, which produces engines and electric drives, cost 56 million PLN and was built in Niepołomice near Kraków. The project was managed by the Polish Information and Foreign Investment Agency. >>

The “Developer Certificate” awarded in Poland each spring and autumn signifies that a company winning such certificate is credible and functioning successfully. Hence companies entering the competition to win certificate have to be well established on the market. The most important criteria by which the entrants are judged is to have built and put over for use two residential homes or ten single family homes and enjoy financial liquidity. >>

”Polish customers behave very well even in this present situation - almost all banks have registered an increase in deposits and we appreciate that highly” – says Józef Wancer, president of Bank BPH S.A. >>