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NEWS
WSE MARKET SUMMARY

• International Week in Brief - 27.07.2010

Last week was very good for investors. The WIG20 index gained 3.61 percent and reached 2,460.96 points. Even bad news which still came from Hungary (where the government could not make a public debt agreement with the IMF) did not stop the strong appreciation of the Polish capital market
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ECONOMY

Good prospects for the Polish steel sector

“In Polish conditions, steel will remain a basic building and structural material. Even the crisis year of 2009 upset the position of the steel sector only for a short while,” write Romuald Talarek and Kamila Grabowska, experts of the Polish Steel Association (HIPH).

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NBP President: Toward economic growth and financial stability

In his first address the Polish Parliament President of the National Bank of Poland (NBP) Marek Belka presented two documents: Report on implementation of monetary policy for 2009 and Report on the activities of the National Bank of Poland in 2009. These two documents examined the conditions of NBP’s monetary policy and statutorily defined central bank functions.

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Poland – gateway to the East

The East certainly offers vast and unexploited potential, assures Andrzej Arendarski, President of the Polish Chamber of Commerce (KIG).

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Eco-innovation as an element of sustainable economy

“ Environmental technologies are all technologies whose use is less environmentally harmful than relevant alternatives while an eco-innovative technology should represent a novelty in terms of design, raw materials involved, production process, use, recyclability or final disposal. A life-cycle approach to a technology or product is central to eco-innovation. The life-cycle approach shows which aspects of a technology or product are environment-friendly and which are not,” Izabela Ratman-Kłosińska of the Polish Platform of Environmental Technologies tells Sandra Jacobson of “Polish Market.”

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Polish Market, Polish Chamber of Commerce sign co-operation agreement

Polish Market, Polish Chamber of Commerce sign co-operation agreement

Krystyna Wozniak-Trzosek, President of Polish Market and Andrzej Arendarski, President of the National Chamber of Commerce signed a cooperation agreement in Warsaw on July 13. Cooperation will include: organising conferences, seminars, congresses, rankings, and contests for entrepreneurs.

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Good news for Poland’s economic growth

Poland’s GDP growth is expected to reach 2.7% in 2010 and 3.3% in 2011 - such projections were presented by the European Commission. Analysts from the Ministry of the Economy expect a slightly weaker growth at the level of around 3% in 2010.

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Intellectual property needs protection

“Dynamic economic development has precipitated interest in seeking exclusive rights. It follows from Polish inventors’ experiences that solutions accurately meeting market demands bring tangible benefits”, observes Alicja Adamczak, President of the Polish Patent Office. In an interview with Jerzy Bojanowicz, she spells out the reasons for protecting industrial property rights.

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Politics, law and money, the critical points of Polish innovation

“The campaign against terrorism and energy security are surely matters of importance but it will be those that are most adept in amassing knowledge and using it to the best advantage as well as being capable of protecting their intellectual property that will lead the world”, argues Professor Michał Kleiber, president of the Polish Academy of Sciences (PAN), and chairman of the Microsoft Corporation Award chapter.

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