• 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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TRANSPORT&LOGISTICS

Railway infrastructure and more

Trakcja Polska Capital Group, which consists of Trakcja Polska SA, PRKiI, Bahn Technik, PRK 7 and PRK 7 Nieruchomości is one of the leading companies on the Polish rail infrastructure construction market. I

The MICHELIN Agilis Alpin

MICHELIN’s corporate mission of enhancing the mobility of people and goods is a year-round commitment, even in winter when grip and traction are reduced.

We take realities into account

“If the Polish economy is to be competitive we need to have a market of extensive transport and logistics services,” Zbigniew Janicki, President of the Board and Company Manager at Trade Trans Forwarding Ltd. tells “Polish Market”. “But for this to happen we need an appropriate national transport policy to make sure that the railways start functioning again as a transport backbone.”

Improving Polish-Ukrainian rail links

EURO 2012 fans may choose to travel to Poland and Ukraine by train rather by air or road. Railways could indeed well offer a competitive alternative means of transport – Andrzej Tokarski, former Managing Director of Polish State Railways SA (PKP SA) in Ukraine tells Polish Market’s Maciek Proliński.

AprintAir Group – Air Cargo Services

SprintAir Group exists on the market since 2004 and provides a wide range of aviation services.

Passing the test

“Preparations in Poland for the Euro 2012 football championship are closely tied to similar undertakings in Ukraine. The event will be hosted by both countries, so we are talking about projects that are connected with each other.

Aeronet – a global name

Aviation Valley is a complete technological cluster with a strong global name’, professor Romana Śliwa from the Aeronet Centre of Advanced Technology tells Polish Market’s Maciek Proliński.

Polimex –Mostostal

Polimex –Mostostal is a leader in the Polish engineering-construction market on which it operates as a general contractor.

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

• Storm over homoerotic art show at Warsaw’s National Museum

• Poland’s new president Bronislaw Komorowski: a pragmatic, pro-business, euroenthusiast

• Poland and OECD innovation strategy

• How to make the Polish economy more innovative?

• Flooding hits Poland again: lessons for the future

• Does Poland need IMF Flexible Credit Line extension?

WEEKLY MARKET ANALYSIS

Retail sales up again in June
Retail sales growth in nominal terms accelerated in June to 6.4% y-o-y from 4.3% y-o-y in May. The increase was higher than expected. In real terms, retail sales growth accelerated to 4.5% y-o-y from 2.0% y-o-y. June was a consecutive month with retail sales figures stronger than expected, which indicates that consumption is recovering after it slowed significantly at the beginning of the year. Private consumption is driven by an improvement on the labour market coupled with a rise in disposable incomes. In Q2 2010 retail sales grew by around 3% y-o-y in nominal terms and around 1% y-o-y in real terms. On the basis of retail sales and industrial production data, it can be estimated that the GDP growth rate was close to 3%.

MARKET INFO

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