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NEWS

EC calls for greater labour market liberalization
The European Commission has called on Germany, Austria, Belgium and Denmark to open up their labour markets to citizens of countries like Poland that entered the EU in 2004, TVN24 reports. >>
• Ale Kino World Film Festival
• Emigree Poles lose jobs in the West, head back home
• Moody's thumbs up for Poland
• WSE: That sinking feeling
• Polish PM visits Gulf states
WSE WEEKLY MARKET SUMMARY

• International Week in Brief 18.11.2008
The second week of November which only had four trading days (11 November being Poland’s Independence Day) was dominated by falls on the Warsaw Stock Exchange...
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ECONOMY

Indian companies focus on CEE markets
Indian companies are more and more interested in Central and Eastern European (CEE) markets. Poland, the Czech Republic, Slovakia and Hungary, which recently joined the EU, offer Indian firms a stable operating environment in a strategic location, an educated workforce, great cost advantages, and a more secure legal framework. >>
Polish economy to slow down, but no recession in sight
The Polish economy is heading towards a slowdown. Transport, banking, consumer finance market and processing industry will suffer the most, the Institute of Regional Development at the Warsaw School of Economics (IRG SGH) informs. ‘The Institute measures the real functioning of companies and households and not the fundamentals of Polish economy, which are still intact’ professor Elżbieta Adamowicz said introducing the prognosis for Q4 2008. The authors of the research also remind that even though the results are lower than in previous quarters, they are still above average. >>
BUSINESS

Polish employers against recession
- It is impossible for Poland to remain untouched by current events in the global economy, Henryka Bochniarz, president of the Polish Confederation of Private Employers, PKPP Lewiatan, told a news conference in Warsaw. >>
Polish second largest refinery LOTOS posts good financial results
Polish refinery Lotos Group has published its financial results for 9 months and for Q3 2008. Its net profit cumulatively Q1-Q3 (Jan 1 – Sep 30) has amounted to PLN 477.9 million. The consolidated income from sales revenues in Q3 amounted to PLN 4,764.2 million which is a 35% increase as compared to the respective period of last year. According to analysts this growth is connected with the hike in prices of refined products on global markets and increased sales. >>
CULTURE

Hancock for the Climate
Herbie Hancock – the phenomenal jazz pianist and composer known for his collaboration with Miles Davis is to give three concert in Poland. The "Herbie Hancock Sextet" concerts are scheduled in Katowice on Nov 30, Warsaw on Dec 1 and Poznań on Dec 2 as part of the Year of Climate and Environment Poznań 2008 programme. >>
NO SUCH THING AS SOCIETY. Photography in Britain 1967-1987

The Centre for Contemporary Art Ujazdowski Castle, British Council and the Arts Council Collection present a retrospective on British photography from the late 1960s to the late 80s. The exhibition ‘No such thing as society’ is on from November 24 to January 11. >>
PRESS RELEASES

BASF Construction Chemicals is building a factory in Śrem
In 2008 BASF Construction Chemicals will invest several million euros into the establishment of a dry mortar factory in Śrem near Poznań. This factory will produce jointing mortars and glues for ceramic and natural stone wallboards as well as construction glues for energy-saving heating systems in buildings and jointless floors, and other special powder products. The annual capacity will be 45,000 tonnes. 40 employees will be working in the BASF factory in Śrem. >>
Enea Listed on WSE
The company Enea S.A. was floated on the WSE Main List on 17 November 2008 as the market’s 368th listed company. Enea’s offer worth almost PLN 2 billion was one of the largest public offerings in the history of the WSE. The offer of the Poznań-based company was the third largest issue of new shares in history. The company raised equity necessary to finance its further growth.
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EURO 2012

Euro 2012 – business or crisis
The Polish-American Chamber of Commerce, the British-Polish Chamber of Commerce and Loginet Media have held a press conference ‘Will business win the EURO 2012?’. The debate took place in Warsaw on October 23. It was attended by Mirosław Drzewiecki, Polish Minister of Sports and Tourism, Marcin Herra, president of PL2012, Witold Orłowski, consultant at PricewaterhouseCoopers Polska and Adrian Furgalski, director at the Transport Consultants Group TOR. >>
Euro 2012 is a natural step for Polish aviation
The level of Poland’s readiness to host Euro 2012 football championship was the focus of a UEFA meeting in late September. The press extensively reports that both Poland and Ukraine face major infrastructure problems which include the lack of properly-sized sports stadiums, while road and railway construction is lagging behind. But there seems to be a brighter spot in this fairly gloomy picture: experts say Polish aviation is ready to meet the deadline, as Sandra Jacobson reports. >>
BLOG
Into the unknown
Here’s a question going into the global recession: What are Poles like in the face of such dramatic headlines as we’ve had out of the world’s financial capitals? >>
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