MANUFACTURING

Polish plywood maker Pfleiderer Grajewo delays construction of production plant in Russia

METALS

Polish copper producer KGHM Polska Miedz seen posting PLN 435-618 mln Q3 net

Polish copper miner KGHM Polska Miedz’s FY 2008 net likely lower than expectations – analysts

CHEMICALS

Polish chemical firm ZA Pulawy’s PLN 200 mln melamine sales deal "no surprise’ – analysts

FOOD, BEVERAGE & AGRICULTURE

Central European alcohol distributor CEDC ups 2008 guidance

Central European alcohol distributor CEDC boosts net to USD 41.7 mln in Q3 2008, up 128% y/y

MEDIA

Polish listed broadcaster TVN to buy back PLN 200 mln worth of shares by end-2008

Polish broadcaster TVN posts PLN 5 mln Q3 2008 net profit

Media giant News Corp’s sale of stake in Polish TV station to have limited effect on sector – analyst

News Corp. sells shares in Polish television channel TV Puls

REAL ESTATE

Polish developer JW Construction posts PLN 63.9 mln Q1-Q3 2008 net, up 48% y/y

Polish construction group Polimex-Mostostal plans to spend PLN 253 mln on projects in 2008

Polish construction group Polimex-Mostostal plans to expand activity in Middle East

Polish construction group Polimex-Mostostal posts PLN 33.3 mln Q3 net, up 54% y/y

Polish developer LC Corp posts PLN 32.712 mln Q1-Q3 ’08 net

Three Polish construction companies enter phase II of Wroclaw stadium tender

Some 40% of Polish home buyers may not be able to afford mortgages under new banking rules

Poland-listed developer GTC launches office construction, inks EUR 12 mln financing deal

Polish investor takes over Sky Tower from LC Corp, halts project for six months

Polish developer JW Construction cancels 2008 guidance on radical changes in banking sector

PRESS: Polish real estate sector kick starts as speculative buyers return to market

Prague-listed CEE developer Orco to delay some residential projects due to flagging demand

ENERGY NEWS

OIL & PETROCHEMICALS

Polish liquid fuels logistics operator OLPP to complete product pipeline to Belarus in Q1 2011

Polish refiner Grupa Lotos seen posting PLN 92-197 mln net loss in Q3 2008

Poland’s top refiner PKN Orlen seen posting PLN 12-95 mln Q3 net, much below last year’s result

Investments in Lithuanian refiner Mazeikiu Nafta hit USD 300 mln in 2008

Fire at Lithuanian refiner Mazeikiu Nafta extinguished, will not affect production – spokesperson

Polish-Kazakh oil company Petrolinvest completes purchase of stakes in two Kazakh companies

Polish lobbyist tied to Unipetrol privatization gets suspended sentence in Czech bank fraud case

Polish tycoon Kulczyk sees oil unit’s IPO in May 2009 to finance drilling, acquisitions

Polish refiner Grupa Lotos sees new oil exploration licenses in Norway in early 2009

Polish refiner Grupa Lotos may get new partners in diversification projects for crude oil supplies

Polish refiner Grupa Lotos to keep oil processing stable in 2009 despite renovations in Q1

Poland’s second-largest refiner Grupa Lotos sees no problems with upstream project financing

Polish-Kazakh oil firm Petrolinvest’s trial exploration of Zhubantam field approved by regulator

Belarusian oil trading company to open in Poland in 2009

PRESS: Poland’s no.2 refiner Grupa Lotos expects inventory revaluation to eat into Q3 result

Global crisis leads Poland’s top oil refiner PKN Orlen to verify investment plan for coming years

PRESS: Polish-Kazakh oil firm Petrolinvest to sell licenses in Russian oil fields

GAS

U.S.-based FX Energy posts USD 3.7 mln net loss in Q3 2008 on rising exploration expenses

Polish gas monopolist PGNiG seen posting PLN 176-258 mln Q3 net versus PLN 303mln in Q3 2007

PRESS: European Commission could accept Polish proposals on EU’s energy strategy change

Polish gas distributor CP Energia posts first-ever net profit in Q3 2008

Polish gas pipeline operator Gaz-System ends initial study of interconnectors construction

COAL

PRESS: Belgian Sea Invest buys 80% stake in Polish sea port Port Polnocny to build coal terminal

HEAT, POWER & SEWAGE

PRESS: Polish renewable energy firm Polish Energy Partners to issue shares for PLN 80 mln

Polish construction group Polimex-Mostostal pins high hopes on energy sector activities

Polish energy Enea cuts number of shares in IPO, Sweden’s Vattenfall to holds 18.7% of shares

Polish power group Enea will debut on Warsaw Stock Exchange on November 17

Swedish power concern Vattenfall submits offer for shares in Polish power group Enea’s IPO

Polish power group Enea sets IPO price at PLN 20.40 for power industry investors

Finnish paper company Stora Enso to build new power plant in Poland for EUR 137 mln

ALTERNATIVE ENERGY

Polish power group Energa to build several hundred biogas plants by 2010

IT & TELECOMMUNICATIONS

LANDLINE/MOBILE TELECOMS

Deutsche Telekom’s Polish unit PTC boosts revenues to PLN 2.045 bln, up 6.6% y/y

BANKING & FINANCE NEWS

BANKING

Polish Bank PKO BP posts PLN 904.2 mln 3Q ’08 net, up 21.3% y/y

PRESS: Poland’s financial regulator recommends withdrawal of Swiss franc loans

Polish banking sector generates PLN 12.7 bln in aggregated net profits in Q1-Q3 2008, up 21% y/y

AIB Polish unit BZ WBK posts PLN 247.1 mln in Q3 net profits, up 9% y/y

GE Money Polish unit BPH posts PLN 36.3 mln in Q3 net profits, down 25.3% y/y

Citigroup Polish unit Bank Handlowy posts PLN 216 mln Q3 2008 net, up 21% y/y

Polish borrowers lean increasingly toward mortgages in national currency

CAPITAL MARKETS Poland to lend USD 200 mln to Iceland as part of IMF-led effort

PRESS: Polish government, financial authority to intervene after pension funds lose PLN 32 bln

EMERGING MARKETS NEWS HIGHLIGHTS

NATO believes missile deployment in Russian Baltic enclave will violate arms control treaties

Terrorist threat remains in Russia – Medvedev

Russia gets new U.S. missile defense proposals – diplomat

Nine killed, forty injured in blast in North Ossetian capital

Estonia has improved its airspace security – president

Russian diplomat praises Kremlin response to U.S. missile defense system

Deployment of Iskander missiles in Kaliningrad region to deteriorate security situation – Vilnius

Russian president hopes Obama presidency will strengthen ties with Russia

Russia will deploy Iskander missile system in Kaliningrad region - Medvedev

Russia to take steps in response to U.S. missile defense system deployment – Russian president

Obama knows Ukraine, supports its EU ambitions – U.S. ambassador in Kyiv

Obama understands importance of U.S. relations with Russia – advisor

Russia cautiously optimistic about future ties with US after Obama’s victory – expert

EC delegation arrives in Minsk with proposals on development of Belarusian-EU relations

Lithuania could build new nuclear power plant alone – opinion

Lviv to announce tender to select contractor, investor for construction of stadium on November 6

Ukraine could receive first tranche from IMF loan in early November

Gazprom to begin to drill Venezuelan shelf on November 7

Ukraine might get NATO’s MAP in 2009 if it achieves political stability – U.S. ambassador