MONETARY POLICY

Poland’s MPC keeps door open for more interest rate hikes – communique

Polish MPC decision to keep rates flat reflects fear of economic growth – economists

Poland’s MPC leaves interest rates unchanged, key reference rate at 5.75%, as expected

STATISTICS

Poland’s forward-looking consumer index up in April, slump in private consumption avoided

POLITICS

Poland to host NATO defense ministers meeting in 2008

COMPANY NEWS

CHEMICALS

Poland’s top nitrate producer ZA Pulawy plans to launch PLN 1 bln investments in ’08, mainly R&D

Polish chemical ZA Pulawy posts 82% y/y/ growth of net profit to PLN 125 mln in Q3 FY

Polish chemical firm ZA Pulawy raises 2007/2008 financial forecast

REAL ESTATE

Polish developers will uphold residential asking prices or delay projects - analyst

Poland-based developer Globe Trade Center invests EUR 26.8 mln in Russian office complex

Polish real estate sector consolidation ’inevitable’ - constructor, engineer Pol-Aqua CEO

Warsaw-listed Austrian developer Warimpex ups ’07 net 59% y/y to EUR 34 mln

ENERGY NEWS

OIL & PETROCHEMICALS

Polish top fuel firm PKN Orlen’s supervisory board appoints Wojciech Heydel as new CEO

GAS

OPEC-like gas cartel would be bad news for Poland, other major gas consumers – IEA economist

Polish gas monopolist PGNiG does not expect operating or net loss in Q1 2008

COAL

Polish coal Kompania Weglowa has no official date from Gibson Group on signing mine deal

IPO WATCH: Czech coal miner NWR brings forward dates for GBP 1.1 bln listing

Polish coalminer JSW to invest PLN 779 mln in mining expansion in 2008

Polish brown coalminer KWB Konin’s ’08 Q1 revenues fall 2.5% y/y, posts quarterly net loss

IT & TELECOMMUNICATIONS

TELECOMS SERVICES

France Telecom’s Polish TP beats market expectations with PLN 681 mln net profit

EMERGING MARKETS NEWS HIGHLIGHTS

Russian-Italy South Stream gas project "competitive" - President Putin

Druzhba oil supplies depend on Russia’s political will only – Lithuanian PM

Russia, Greece to sign South Stream gas pipeline accord

Russia-EU negotiations on partnership agreement could begin in near future – Russian minister

Moscow ready for negotiations with EU but can wait – diplomat

FINANCIAL MARKETS

EQUITIES

Warsaw’s blue-chip WIG20 index ends up 1.3% Weds. on last minutes gains ahead of long weekend

Warsaw Stock Exchange blue-chip WIG20 - weekly change 25-30/04/08

Poland equity insider 30/04/2008 – Grupa Kety, Globe Trade Centre

Poland equity insider 29/04/2008 – PGNiG, TP

MONEY MARKET

National Bank of Poland official interest rates – 30/04/2008

Nb: This news report features only the headline of each news