Weekly news:

FINANCIAL & ECONOMIC NEWS

MONETARY POLICY

PRESS: Poland not heading for referendum on euro adoption – Polish PM

COMPANY NEWS

MEDIA

Polish media Agora to sack up to 300, severance program to cost PLN 8.5 mln in Q4

REAL ESTATE

Polish construction group Polimex-Mostostal signs PLN 130 mln arts center construction deal

Polish developer JWC CEO’s readiness to buy apartments in unsold projects positive – analyst

ENERGY NEWS

OIL & PETROCHEMICALS

Polish oil refiner Grupa Lotos signs 2009 fuel sales contract for PLN 1.2 bln with BP

Kazakh-Polish oil firm Petrolinvest collateralizes shares in oil exploration firm ORI

Polish refiner Grupa Lotos’ Norwegian unit completes acquisition of additional 10% stake in oil field

PRESS: Poland’s no.2 refiner Grupa Lotos to build underground oil storage facilities for PLN 1.7 bln

Polish-Kazakh oil firm Petrolinvest buys 29% stake in Kazakh firm Embayugneft

PRESS: Polish refiner PKN Orlen likely to give up expansion plans in Baltic States

GAS

Poland receives regular amounts of Russian gas through Ukraine, transit through Belarus may rise

PRESS: Poland may get six gas-fired power plants in northeastern regions, cost seen at PLN 2 bln

PRESS: Polish Treasury to distribute employee shares in gas monopolist PGNiG starting early 2009

COAL

Polish chemical firm ZA Pulawy, Sweden’s Vattenfall to build 1,400 MW power plant

HEAT, POWER & SEWAGE

Poland to accelerate preparations for first nuclear power plant construction – PM Tusk

Polish power group Enea buys 30% stake in Bialystok thermal power plant for PLN 173.6 mln

RUSSIA & CIS NEWS HIGHLIGHTS

Ukraine’s Naftogaz expects to conclude contract with Gazprom by Jan 6

Ukraine reducing amount of Russian gas exported to Europe – Gazprom

After Gazprom receives USD 1.5 bln from Ukraine, Kyiv will still owe USD 614 mln – Gazprom

FINANCIAL MARKETS

CURRENCY

National Bank of Poland official currency rates – 02/01/2009

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

Agency Interfax