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NEWS

Polish MEP: EU energy solidarity is becoming a fact

Draft EU regulations on gas supply security adopted by the Enterprise and Industry Committee of the European Parliament give a tangible shape to Poland’s postulate for energy solidarity in the European Union, Polish MEP Jacek Saryusz-Wolski is quoted as saying by the Polish Press Agency.

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WSE MARKET SUMMARY

• International Week In Brief - 6.03.2010

March on the Warsaw Stock Exchange started with a strong charge of the bulls. The large-cap index WIG20 gained 5.5 percent in the first five days of trading and reached 2,389.37 points. The broad-market index gained 4.3 percent and closed the week at 40,354.28 points. It was the best week for both indices since the beginning of December 2009, when their weekly returns were 5.67 percent and 4.53 percent respectively.
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ECONOMY

Declaration for geothermal energy signed

A declaration on cooperation for geothermal energy in Poland was signed at the Ministry of the Environment in Warsaw on March 8 during Conference titled Development of Geothermal Energy Sector in Poland.

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Promoting clean coal technologies

Poland's Chief National Geologist Henryk Jezierski attended the Silesia Power Meeting in the southern city of Sosnowiec on March 5. The „Clean Coal Technology” was the leading theme of the second edition of Silesia Power Meeting and its accompanying Power Industry ExhibitionDr. Jezierski is Under-Secretary of State at the Ministry of the Environment.

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Estimated Polish budget realization after February

The estimated budget realization shows that the deficit reached PLN 16.7 billion as compared with PLN 4.8 billion in January, Millennium Bank analysts inform.

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Second European Economic Congress in Katowice

During the three days of sessions (14th-16th April 2010), the city of Katowice will became a place for exchanging views and experiences as well as of debate for nearly 400 speakers, great personages of politics, business, science and economics.

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In support of intelligent power grids

A draft proposal for Intelligent Power Supply Networks will be complete by June 2009 as a financial instrument designed to implement state-of-the-art network solutions upgrading energy efficiency at the national scale. Implementation of the draft proposal was officially announced on 26 February 2009, during Energy, Efficiency, Environment Forum held at the National Fund for Environmental Protection and Water Management in Warsaw. Professor Andrzej Kraszewski, Polish Minister of the Environment, participated in the meeting.

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EU-China Economic Forum to be held in Kraków and Brussels.

With a growing acknowledgment for the need to diversify and to consolidate the linkage between economists, policy makers and practitioners from China and Europe, the need to establish a European Union-China Economic Forum arises. The Forum will serve as a high level platform, giving Chinese and European experts in the field of economy, politics and science an opportunity for in-depth research-based exchanges on global issues of mutual interest.

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Tangible effects

”We are continuing efforts to make the best possible use of the EUR67 billion allocated to Poland for the years 2007-2012. This is the biggest amount ever made available to a member country in the history of the EU’s Cohesion Policy”, said Elżbieta Bieńkowska, the Minister for Regional Development in an interview for Polish Market.

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Improvement yes, but the situation is still unstable

”Recent events have shown that public intervention in the economy has reached limits of its effectiveness”, observed Philippe de Buck, Director General of the BusinessEurope confederation addressing a press conference in Warsaw on February 16, 2010.

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