Alior Bank, a EUR 425 million investment by Carlo Tassara Investment group, has been launched in Poland with 80 branches.  >>

Poland’s two major oil companies Lotos and PGNiG have approached the Norwegian government to issue licenses to extract natural gas and oil in the Norwegian and Barents seas, ‘Puls Biznesu’ daily reports. Lotos and PGNiG are among 46 companies that filed their applications with Norway's Ministry of Petroleum and Energy. The Ministry aims to award new licenses early next year. >>

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 Lower Silesia province is considered to be a Polish ‘economic tiger’ and a province that has scored many successes l in terms of economic growth outpacing the former leader Mazovia (Warsaw) Province. Świętokrzyskie (central south) and Kujawsko-Pomorskie (north) provinces have also noted exceptionally high results, ‘Rzeczpospolita’ daily informs. >>

Poland is to present to EU finance ministers an indicator-auction concept, an alternative proposal to the full auction system for the emission of CO2 postulated by the European Commission in its climate-energy package. Poland wants to introduce price limits to ensure price stability, the Polish Press Agency reports. >>

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. >>