NEWS

Nine Poles wounded in Czech train crash, casualty reports not confirmed – Foreign Ministry

At least six killed, dozens injured in Czech crash of EuroCity train en route from Krakow to Prague

STATISTICS

Capital inflow from Polish migrants reaches EUR 1.214 bln in Q1 2008 – Central Bank

POLITICS

Polish president calls for peace in Georgia, reiterates support for Georgia’s territorial integrity

PRESS: Russian FM Lavrov’s September visit to Poland a sign of normalizing relations

Polish Sport Minister dismisses CEO of National Center for Sports Michal Borowski

Poland’s junior coalition partner threatens early parliamentary elections in spring 2009

PRESS: Poland may become European F-16 maintenance HQ

Poland ready to make immediate decision on missile shield if U.S. meets demands – Polish PM

Polish Cabinet adopts plan to abolish military conscription after 2008, sees fully professional army

Polish President hopes for missile shield deal with US by end of Bush’s term

COMPANY NEWS

TRANSPORTATION

PRESS: Polish flag air carrier PLL LOT intends to sell its 49% stake in Petrolot

METALS

Polish copper producer KGHM Polska Miedz seen posting Q2 PLN 791-834 mln net

Polish copper producer KGHM expected to upgrade ’08 forecasts on high copper prices - analysts

Polish copper producer KGHM should focus on investment, including in new fields - analysts

CHEMICALS

Polish chemical firm Ciech’s Romanian soda production to see revenues increase by EUR 6.5 mln

Polish chemical firm ZCh Police signs PLN 35-mln agreement for fertilizer sales to Swiss Ameropa

Polish fertilizer maker ZA Pulawy receives permission to launch EUR 45.7 mln of investments

FOOD, BEVERAGE & AGRICULTURE

Central European alcohol distributor CEDC upgrades 2008 financial forecast

Central European alcohol distributor CEDC raises net profit 135% to USD 46.8 mln in Q2 2008

MEDIA

PRESS: Polish cinema chain Multikino to invest PLN 200 mln in Ukraine by 2013

Polish media Agora suffers 7.89% drop of flagship daily Gazeta Wyborcza copy sales in June

REAL ESTATE

Polish developer J.W. Construction posts PLN 31.83 mln Q2 ’08 net, up 121.1% Y/Y

Polish developer J.W. Construction’s ’08 guidance decrease likely to cause share fall - analyst

Swedish developer Skanska inks PLN 141.4 mln Polish sport facility deal

Warsaw’s metro line tender cancellation will not affect residential sales in metro-bound area

PRESS: Poland’s richest woman to buy abandoned village

Poland could lose EU road funding due to government delays in financing applications

Polish developer Triton Development decreases ’08 guidance due to flagship project delays

Polish hotel developer EFH sees H1 ’08 PLN 3.188 mln net loss on share revaluation

Polish-listed developer GTC’s Q2 ’08 net expected to decrease Y/Y - analyst report

Polish developer Polnord cuts managerial share price in response to market downturns

Polish construction group Polimex-Mostostal may enter National Stadium tender

Polish construction group Polimex-Mostostal posts PLN 27.932 mln Q2 ’08 net, up 9% Y/Y

Polish developer Budimex Nieruchomosci gets positive ’08 guidance - analysts

International developer Goodman to spend EUR 80 mln on logistics center in southern Poland

ENERGY NEWS

OIL & PETROCHEMICALS

U.S.-based FX Energy’s net profit drops 44.5% y/y to USD 1.5 mln in Q2 ’08 on 15% revenues rise

Polish top fuel firm PKN Orlen’s information on Norwegian oil profitability positive - analysts.

PRESS: Polish PKN Orlen’s failure to take control of Lithuanian oil terminal could cost MN jobs

PRESS: Polish top fuel firm PKN Orlen likely to decrease PLN 21 bln in planned investments

Polish No. 2 refiner Grupa Lotos seeks specialists for upstream business in Norway

Top Polish refiner PKN Orlen seen posting Q2 net of PLN 1.25- 1.50 bln, up from Q2 ’07 PLN 1.1bln

Polish liquid fuels logistics operator OLPP to build product pipeline to Belarus for PLN 25 mln

U.S.-based FX Energy to estimate parameters of potential gas field in Poland within a week

Impact of production halt at top Polish fuel firm PKN Orlen’s Czech unit hard to estimate - analyst

Polish fuel firm PKN Orlen signs letter of intent with Ford Polska on cooperation in biofuel sales

Polish oil and gas sector firms seek business opportunities in Venezuela

GAS

Polish gas distributor CP Energia unit signs gas sale deal to British American Tobacco Polska

U.S.-based energy FX Energy’s tests indicate gas accumulation in Polish well

Lithuanian PM denies dropping Nord Stream objections in exchange for longer power plant life

Polish gas monopolist PGNiG seen posting Q2 net of PLN 281-535 mln, from PLN 348 mln in Q2 ’07

Polish gas firm PNiG’s foreign-project revenues to have little effect on bottom line - analysts

PRESS: German gas firm Concord Power Nordal plans to build a gas pipeline to Poland

COAL

Polish KW and German RWE to establish special purpose vehicle for EUR 1.5 bln power plant

PRESS: Polish coal mining companies should invest PLN 15 bln by 2015 in order to survive

HEAT, POWER & SEWAGE

Polish copper producer KGHM plans of involvement in nuclear energy positive - analysts

ALTERNATIVE ENERGY

Polish renewable energy firm PEP posts Q2 net profit of PLN 5.3 mln

Danish firms EuroTrust and Agrowind sign deal to develop 400 MW wind farm projects in Poland

IT & TELECOMMUNICATIONS

LANDLINE/MOBILE TELECOMS

Deutsche Telekom’s Polish unit PTC boosts Q2 revenues by 7% to PLN 1.976 bln

Polish virtual mobile operator Mobilking sees 100,000 customers by end-August

Polish mobile firm CenterNet inks domestic roaming deal with mobile unit of France Telecom’s TP

Polish telecoms regulator continues work on regulatory split of France Telecom’s Polish TP

TELECOMS SERVICES

Polish alternative telecom MediaTel eyes acquisitions, expansion in Ukraine

INTERNET

Polish cable operator Multimedia sees revenues growing 14% in H2 2008, acquisitions planned

Poland among world’s biggest sources of spam, computer fraud attempts – IBM

BANKING & FINANCE NEWS

BANKING

Polish bank PKO BP posts PLN 897.1 mln in Q2 net profits, up 47% y/y, in line with expectations

PRESS: Polish banks post PLN 8.6 bln H1 ’08 profit, up by PLN 1.5 bln Y/Y

Poland’s banking sector makes PLN 8.64 bln in H1 combined net profits

EMERGING MARKETS NEWS HIGHLIGHTS

Russia will not let death of compatriots go unpunished – Medvedev (Part 2)

Georgia gives Ossetians putting up resistance three hours to surrender

Russian armored vehicles approaching Tskhinvali – S. Ossetian authorities

Russian aircraft bomb Georgian positions in South Ossetia, people wounded – Georgian media

Ukraine calls for ceasefire and talks in South Ossetia

Georgia made mistake by failing to inform on tensions around South Ossetia – Kazakh president

Ukraine calls on South Ossetia, Georgia to end fighting, start negotiations

Georgia’s aggression against South. Ossetia will provoke a reaction – Putin

RosUkrEnergo boosts gas exports to Eastern Europe by 24% in 2007

Russia may put Iskander missiles, strategic bombers in Belarus in response to U.S. missile shield

Belarus demands revision of gas deal with Gazprom – deputy PM

FINANCIAL MARKETS

MONEY MARKET

National Bank of Poland official interest rates – 08/08/2008