‘Chain 6’

The 6th edition of Witold Lutosławski Memorial Festival will take place at the Polish Radio Studio in Warsaw on June 3-7. The festival is organized annually by the Witold Lutosławski Society and Polish Radio 2.

Witold Lutosławski (1913-1994) was a leading Polish composer and conductor famous for his original form called ‘the chain’ due to the characteristic interrelation of themes. The festival will be inaugurated with ‘Lutosławski Piano Duo’ concert and the programme will follow with ‘Paganini Variations’. The highlight of the second day of the festival will be the performance by Lukasz Kuropaczewski master of contemporary guitar. The event lasts 5 days.

MP

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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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On Wednesday, March 17, the Central Statistical Office (GUS) will release February data for the industrial sector. We expect that production increased by 8.8% y/y and that prices dropped by 2.1% y/y, while the market consensus is respectively 8.6% and -2.1%

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