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EURO 2012

Wroclaw finds new contractor for delayed Euro 2012 stadium

An agreement with German building firm Max Boegl to complete the Wroclaw EURO 2012 football stadium, whose construction was taken away from Mostostal Warszawa, was signed, pb.pl reports. The company declared to complete works mid-2011.

IT companies to earn on EURO 2012

Investments connected with the European Football Championship EURO 2012 may bring profits not only to construction companies but also to the IT sector, especially firms specialized in intelligent building automation system, ‘Rzeczpospolita’ daily reports.

Wroclaw ditches EURO 2012 stadium contactor for delays

The Mayor of the City of Wrocław in south-western Poland has terminated a contract with Mostostal Warszawa for the construction of a stadium for European Football Championship in 2012. The stated reasons include 3-4 month-long delays.

Platini: Euro 2012 in Poland and Ukraine, without doubt

Head of the Union of European Football Association (UEFA) Michel Platini confirmed in an interview for Italian newspaper La Gazzetta dello Sport, that EURO 2012 football championship will be held in Poland and Ukraine.

Euro 2012: one-third Polish investments delayed

According to Dziennik Gazeta Prawna, 30% of projects developed for the European Football Championship EURO 2012 may not be finished on time.

Four Polish cities confirmed as Euro 2012 sites

Four Polish cities: Warsaw, Gdansk, Poznan and Wroclaw have been confirmed by UEFAas venues that will host Euro 2012 football championship games. However, Ukraine’s hopes for co-hosting the championship on an equal footing with Poland were dashed when UEFA only approved the capital Kyiv.

Alpine Bau and Hydrobudowa to build National Stadium in Warsaw

German-Austrian-Polish consortium of Hydrobudowa Polska SA and PBG with Alpine Bau Deutschland AG, Alpine Bau GmbH and Alpine Construction Polska Sp. z o.o. has won the tender for the second stage of the construction of the National Stadium in Warsaw and the contracts are to be signed next week, the National Centre for Sport has informed. >>

Platini gives thumbs up to Polish and Ukrainian preparations for EURO 2012

Michel Platini, president of the Union of European Football Associations (UEFA) has toured to each Polish and Ukrainian city getting ready to host the UEFA football championship in 2012, TVN24 reports.

Polish Market

ECONOMIC MONITOR

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• ● In December 2009 and January 2010, as in previous months in the second half of 2009, the Polish economy stood out against other countries in terms of GDP growth. Poland’s economic growth was higher than projected and higher than in other European countries.
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• In 2009 construction output increased by 3.7%.
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• Retail sales increase in most product groups.
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• On the Warsaw Stock Exchange, stock prices were very volatile in January 2010.
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• At the end of December 2009 the registered unemployment rate (claimant count rate) amounted to 11.9% versus 11.4% in November.
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• At the end of January the president signed the 2010 budget bill into law. The bill was adopted by the parliament on December 18.
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• In the fourth quarter of 2009 the Polish economy turned out to be more resistant to the global crisis than had been projected and than the economies of Polish neighbours, something which boosts optimism in forecasts for 2010 and the next years.
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PODCAST

• Poland and China: two partners unscathed by the crisis

• Polish artist turns around Polish-Jewish stereotypes

• Unconventional natural gas – Poland’s secret weapon

• Shock and outrage at Warsaw underground ‘saucy sheep’ mural

• Gdansk reinvents Elizabethan theatre tradition

• Poland kicks off Chopin Year

COMING UP

Fraud Risk Management >>

WEEKLY MARKET ANALYSIS

The last portion of macroeconomic data for January will be released on Friday when the National Bank of Poland (NBP) is expected to publish balance of payments figures. We estimate that the current account deficit reached EUR580 million while the consensus of the “Parkiet” daily is EUR614 million. We expect that growth in exports slowed slightly in January to 10.9% y/y. We also predict that imports had already made up for last year’s losses and rose by 7.7% y/y in January.

MARKET INFO

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