Weekly news:

FINANCIAL & ECONOMIC NEWS

NEWS

Poland’s official reserve assets up by EUR 2.7 bln in February to EUR 48.846 bln

Polish FinMin sees budget deficit growing, exceed plan by mid-2009

Central banks in Central Europe protest against region’s international assessment

Polish opposition leader blast gov’t for rejecting Hungary’s EU aid proposal, plays Ukraine card

Yushchenko rules out unfair representation of Ukrainian, Polish towns in Euro-2012

PRESS: Poland to host more Euro 2012 soccer sites than Ukraine, city of Lviv likely sidelined

MONETARY POLICY

Polish PM expects EUR/PLN significantly lower by July

COMPANY NEWS

CHEMICALS

Polish fertilizer producer ZA Pulawy’s net profit in Q3 2008/2009 would be surprising – analyst

Polish fertilizer producer ZCh Police posts PLN 313 mln net loss in Q4 2008

Polish chemical firm Ciech posts net loss of PLN 45 mln in Q4 2008

PHARMACEUTICALS & HEALTHCARE

Polish pharma Bioton posts PLN 0.7 mln in Q4 net profits, loses PLN 36.5 mln in FY 2008

FOOD, BEVERAGE & AGRICULTURE

Central European alcohol distributor CEDC posts USD 131.1 mln net profit in 2008

REAL ESTATE

Poland-listed developer GTC to invest EUR 450 mln in 2009

ENERGY NEWS

OIL & PETROCHEMICALS

Political, economic situation in Ukraine "complicated," large projects on hold – Polish president

Polish oil firm Petrolinvest posts net loss of PLN 268.5 mln in Q4 2008

Polish fuel firm PKN Orlen’s ratings downgrade by Fitch Ratings "not surprising" – analyst

Fitch downgrades Polish refiner PKN Orlen to BB+, rating remains on watch negative

Polish oil refiner Grupa Lotos sees oil processing flat in 2009 despite planned production halt

Polish refiner Grupa Lotos’ Q1 result unlikely to be affected by global economic crisis – CFO

Polish oil refiner Grupa Lotos posts PLN 903.8 mln net loss in Q4

GAS

US-based FX Energy signs agreement with Polish gas monopolist PGNiG on drills in Poland

PRESS: RosUkrEnergo unlikely to restart gas deliveries to Polish gas monopolist PGNiG

Polish gas monopolist PGNiG wants swift signing of Russian gas supplies contract for 2009

Poland’s supplies of natural gas from eastern direction drop to 78% of contracted amounts

Polish gas monopolist PGNiG disappoints with PLN 310 mln Q4 net loss

COAL

Polish coal miner Kompania Weglowa’s net profit down 56% y/y in January

HEAT, POWER & SEWAGE

PRESS: Poland wants to start investments in 2009 to prepare nuclear power plant construction

Polish power group Enea buys new shares in investment vehicle for PLN 10 bln project

IT & TELECOMMUNICATIONS

LANDLINE/MOBILE TELECOMS

Polish alternative telecom Netia to negotiate sale of wireless infrastructure to mobile operator P4

IT SERVICES

Polish IT Asseco Poland post PLN 100 mln in Q4 net profits

BANKING & FINANCE NEWS

BANKING

Polish financial group Getin Holding posts PLN 65.2 mln in Q4 net profit, down 41% y/y

AIB’s Polish unit BZ WBK posts PLN 40.8 mln in Q4 net, down 76% y/y

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

Agency Interfax