Weekly news:

FINANCIAL & ECONOMIC NEWS

NEWS

PRESS: European Investment Bank may allocate some EUR 6 bln on Polish investments in 2009

PRESS: Foreign investors not shying away from Poland – expert

STATISTICS

Poland’s CPI inflation figure increases 3.3% y/y in February

COMPANY NEWS

TRANSPORTATION

PRESS: EBRD may buy Polish railway operator PKP shares in deal worth more than PLN 100 mln

METALS

Polish copper producer KGHM’s board, unions expected to reach compromise on wages – analysts

Polish copper KGHM will likely increase wages 5% in H2 ’09 despite no-change pledge – analysts

Polish copper producer KGHM to keep wages unchanged in 2009

CHEMICALS

Polish chemical firm ZCh Police will likely sell part of inventories below production costs – analysts

Polish fertilizer producer ZA Pulawy unlikely to reach high profits on caprolactam sales – analysts

Polish fertilizer producer ZA Pulawy raises caprolactam production to 100% of capacities

Polish fertilizer co. ZA Pulawy’s bid in Bogdanka coal mine sale could hurt coal-gasification project

REAL ESTATE

Polish construction group Polimex-Mostostal signs stadium construction deal worth PLN 125 mln

PRESS: Polish-listed Austrian developer Warimpex to invest some EUR 80 mln in CEE region in ’09

Polish construction group Polimex-Mostostal signs PLN 1.1 bln motorway contract

Residential asking prices in Poland’s largest cities decline by more than 10% y/y in February 2009

ENERGY NEWS

OIL & PETROCHEMICALS

Top Polish refiners PKN Orlen, Grupa Lotos to cut prices across board Saturday

Polish fuel market will grow by just 1% in 2009 due to economic-financial crisis

Polish fuel firm PKN Orlen gets notification on its Lithuanian unit’s shares put option execution

Polish top fuel firm PKN Orlen will not increase wages in 2009 due to market conditions

Polish top fuel PKN Orlen’s profitability unthreatened by fuel sales slump in Lithuania – analysts

Polish no. 2 refiner Grupa Lotos begins modernization halt in Gdansk-based refinery on March 14

GAS

Polish gas monopolist PGNiG decision on 12-month gas price tariff would be surprising – analysts

PRESS: Polish gas co. PGNiG suspends Ukrainian upstream unit’s capital hike on license issues

Polish gas monopolist PGNiG’s results could worsen in Q1 ’09 only due to one-offs – analysts

COAL

Polish coke coal producer JSW freezes wages in 2009 due to economic crisis

PRESS: Polish coal companies’ inventories expected to reach 7 mln tonnes in ’09

HEAT, POWER & SEWAGE

PRESS: Poland resigns from IPO plans of power groups Tauron, Energa; seeks strategic buyer

IT & TELECOMMUNICATIONS

TELECOMS SERVICES

Polish broadcaster TVN acquisition of digital platform "n" will not affect ’08 profit dividend

Polish broadcaster TVN to allow price correction in digital platform acquisition of up to EUR 60 mln

PRESS: Polish broadcaster TVN to acquire controlling stake in digital platform "n"

BANKING & FINANCE NEWS

BANKING

PRESS: Polish consumer watchdog UOKiK takes banks to court over unfair mortgage contracts

INSURANCE

Polish insurer PZU mulls taking part in No.2 bank PKO BP capital boost

Polish insurer PZU reiterates plans to acquire European assets of U.S. insurance giant AIG

Poland’s top insurer PZU posts PLN 2.3 bln in 2008 profit, down 35% from 2007

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

Agency Interfax