NEWS

Warsaw Stock Exchange deepens losses, blue-chip index down 13.50% ahead of NYSE opening

PRESS: Polish Health Ministry proposal on HIV tests may discourage patients from getting tested

MONETARY POLICY

National Bank of Poland sees no threat to Polish economy, currency

POLITICS & ECONOMY

Poland may export food to 30 countries, including Russia – Agriculture Ministry

PRESS: Germany should address displacement compensation claims made against Poland

Polish president encourages Ukraine to continue pro-Western policy, NATO aspirations

Poland may need to cut GDP growth projection due to global financial turmoil – FinMin

Polish police detain Russian citizen suspected of staging 2002 attack on Moscow deputy mayor

PRESS: Polish President Lech Kaczynski criticizes Polish diplomats

PRESS: Mixed views on financial crisis, markets still down after rate cuts

Poland to switch to euro from start of 2012, economic downturn not in sight – FinMin

Polish president opposes merger of ethnic Poles’ organizations in Belarus

Belarus regime still undemocratic, although less oppressive – Polish president

U.S. missile shield base in Poland to bring economic benefits to local community – U.S. diplomat

PRESS: Poland fails to change climate package in European Parliament

PRESS: Polish government expects U.S. missile shield troops in Poland early 2009

Polish Cabinet passes bill introducing mandatory pharmacological treatment for pedophiles

Poland has no specific plan to send astronaut to ISS, diplomat’s comments indicate intention only

UBS marginally cuts Poland’s GDP growth projection for 2008-2009

PRESS: Putin’s mission to woo Belarus a success

FIFA sees "positive evolution" of Polish situation, Poland not banned from World Cup playoffs

FIFA president "satisfied" with compromise in row between Polish Cabinet, football association

Polish Cabinet, PZPN football association sign compromise, FIFA approval pending

PRESS: Polish PM set to discuss financial crisis with French president

COMPANY NEWS

METALS

Polish metal producer KGHM’s supervisory board approves two PLN 2.3 bln investments

Polish copper producer KGHM’s supervisory board decides not to dismiss CEO

PRESS: Polish copper producer KGHM aims to pay out minimum dividend from 2008 net profit

CHEMICALS

Three Polish chemical firms may have trouble financing Anwil purchase - analysts

Polish chemical companies sign letter of intent to jointly buy PKN Orlen’s chemical unit, Anwil

REAL ESTATE

Defunct motel to be transformed into office, hotel complex - Polish southern city Krakow authority

Poland’s lower house passes bill allowing development on agricultural land within city limits

Wroclaw stadium construction faces long delays - analyst

Polish real estate investment fund BBI acquires developer Juvenes in 27.3 mln share deal

Polish residential sector swings toward market-wise clients waiting for finished product

Polish-listed developer Orco trades at CZK 277, down 14.15% on Prague exchange Wednesday

Polish banks could increase mortgage rates as a result of financial crisis

Polish listed developer Orco Property Group’s share price dives Wednesday

Poland to allow agricultural property owners to use land as development sites

Polish developer Gant Development may limit share buy back program - analyst

Polish developer Domex-Bud to debut on small-cap market, IPO shows little demand for shares

International hotel chain Hilton Hotels Corporation plans 20 projects in Poland for next 5Y

Polish listed developer Orco Property Group sells 100 apartments in Warsaw flagship project

Warsaw residential prices expected to increase by 12% in run up to 2012 UEFA Soccer tournament

Warsaw city authority to spend PLN 600 mln on new communal housing

Polish retailer NFI EMF opens new shop in Russia, enters Turkish market

ENERGY NEWS

OIL & PETROCHEMICALS

Norwegian upstream business should increase values of Polish PGNiG, Lotos – analysts

Russia’s Transneft to cut oil transit through Polish sea oil terminal Naftoport in Q4

Polish refiner Lotos and gas monopolist PGNiG bid for oil licenses on Norwegian shelf

GAS

Polish gas monopolist PGNiG tariff hike warranted due to high gas import prices - analysts

Polish gas monopolist PGNiG’s talks on CNG supplies are in preliminary stage - vice-president

Polish gas monopolist PGNiG is unlikely to sign deal on LNG gas supplies by the end of 2008

Polish gas monopolist PGNiG lowers gas prices tariff increase request to URE

Polish gas monopolist PGNiG’s shareholders agree on sale of LNG terminal unit to State Treasury

Polish gas distributor CP Energia not obliged to maintain mandatory gas reserves for a year

Polish gas monopolist PGNiG mulls CNG to boost negotiating position with Gazprom - analysts

PRESS: Poland wants EU to react if natural gas supplies are endangered for one member state

Polish gas monopolist PGNiG’s decision to continue business in Pakistan no surprise - analysts

Polish gas monopolist PGNiG selects engineering firm PBG to enlarge underground gas storage

COAL

Central European energy group NWR to acquire minority stake in Ukrainian ore producer Ferrexpo

PRESS: Lack of concessions block Polish coal miner JSW’s PLN 2 bln investment

PRESS: Poland establishes coalition of EU states to block energy climate package

HEAT, POWER & SEWAGE

Ukraine intends to cut electricity exports to Poland in November

Poland wants EC climate package change so that entire EU carries CO2 reduction costs

Polish no3. power group Enea’s initial public offering to take place in November

Decision on Polish no 3. power group Enea IPO to be made late Wednesday

Polish Cabinet agrees to initial public offering of largest power group PGE

Polish Treasury to decide in coming days whether to hold IPO for power group Enea

IT & TELECOMMUNICATIONS

LANDLINE/MOBILE TELECOMS

Polish telecoms regulator starts tender to select mobile television operator

Poland’s controversial religious Radio Maryja group to start marketing mobile phone services

BANKING & FINANCE NEWS

BANKING

Polish banks tighten loan policies to avoid problems with financing

Polish MPC meets overnight to discuss world-wide crisis

Polish mortgage lenders to benefit from coordinated interest rate cuts – FinMin

PRESS: Poles’ savings safe following ministerial promise on minimum EUR 50,000 guarantees

PRESS: Polish bourse loses PLN 28 bln Monday as panic sweeps through global markets

PRESS: Polish bank PKO BP’s Ukrainian subsidiary posts USD 9 mln losses July, August ’08

U.S. rescue plan unlikely to stave off crisis, but Poland less vulnerable – international developer

CAPITAL MARKETS

Prague, world bourses respond to global rate cut

EMERGING MARKETS NEWS HIGHLIGHTS

Russian court ruling on complaint in Katyn case expected next week

Russia to shortly file request for extradition of Russian murder case suspect from Poland

EU takes full control over security in Georgian buffer zone

Expansion of NATO’s military infrastructure threatens Russia’s security – Medvedev

Russia concerned U.S. may continue buildup of missile defense bases – Russian president

Russian gov’t could unveil more financial support measures Tuesday – ministry

FINANCIAL MARKETS

CURRENCY