Lament and Prayer

100 renowned cantors form the US, Israel and other countries are to perform at the National Opera in Warsaw on June 30. They will be accompanied by the National Opera Choir and Orchestra and Alla Polacca Children’s Choir.

An honorary patronag over the event is extended by Prof. Władysław Bartoszewski, Secretary of State at the Prime Minister’s Office, Radosław Sikorski, Polish Minister of Foreign Affairs and Bogdan Zdrojewski, Minister of Culture and National Heritage. The concert will present Jewish vocal pieces and the first public performance of ‘Lament and Prayer’ by Charles Fox, conductor and composer, inspired by words jotted down by Pope John Paul II on a piece of paper in front of the Western Wall in Jerusalem. (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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WEEKLY MARKET ANALYSIS

Current week on financial markets
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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