Weekly news:

FINANCIAL & ECONOMIC NEWS

NEWS

Soccer stadium project in Ukrainian city Lviv going according to plan – Polish sports minister

Ukrainian gov’t takeover of UEFA Euro 2012 preparations working well – Polish sports min.

Polish financial watchdog estimates currency option losses of 35 listed firms at PLN 155 mln

More than 100 Polish firms report currency option losses totaling PLN 500 mln – EconMin

MONETARY POLICY

Polish opposition insists referendum needed before constitutional change to allow euro adoption

Poland may introduce euro regardless of outcome of opposition-backed referendum – Polish PM

Poland’s EconMin suggests Cabinet may drop 2012 as euro adoption target

Poland’s EconMin wants more interest rate cuts after lower-than-expected CPI for November

COMPANY NEWS

TRANSPORTATION

Polish flag carrier LOT unlikely to organize IPO within next two years – CEO

PRESS: Decline of European car sales by 1 mln could spell trouble for Poland-based producers

METALS

Polish metals KGHM should put wage hikes on hold due to poor financial situation – analysts

PRESS: Polish copper producer KGHM signs deal on copper supplies to China

REAL ESTATE

Polish developer Dom Development cuts 2008 apartment sale guidance

Polish construction firm Pol-Aqua signs letter of intent for PLN 107 mln shopping mall construction

PRESS: Polish-listed Austrian developer Immoeast makes up recent losses on Warsaw bourse

Polish stadium modernization company signs PLN 486 mln deal on Poznan stadium

Polish developer JW Construction to fight PLN 1.7 mln fine in court

Polish developer J.W. Construction gets PLN 1.7 mln fine for illegal clauses in client contracts

Polish developer Polnord gets building permit for first office block in Warsaw Wilanow office park

ENERGY NEWS

OIL & PETROCHEMICALS

Polish refiner PKN Orlen ready to complete purchase of minority stake in Lithuanian refinery

Lithuanian Cabinet to consider selling stake in Klaipedos Nafta to Polish refiner PKN Orlen

Lithuania, PKN Orlen to continue talks on refinery stake sale Friday

Polish fuel firm PKN Orlen, pipeline system operator PERN to build oil product pipeline

Polish refiner Grupa Lotos expects fuel sales to top production by 1.5 mln tonnes in 2008

Lithuania’s Cabinet approves sale of stake in refiner Mazeikiu Nafta to Polish refiner PKN Orlen

GAS

Polish gas monopolist PGNiG prepared for problems with Russian gas transit through Ukraine

Polish gas distributor CP Energia to buy LNG for PLN 3 mln from Russia’s Gazprom in 2009

Polish gas monopolist PGNiG likely to benefit from higher margins by the end-Q1 2009 – analysts

PRESS: Technical design of Polish LNG terminal to be ready in six months

Polish gas monopolist PGNiG sees decline of gas sales in Q4 2008

Polish gas monopolist PGNiG in talks with chemical ZA Pulawy on project outside Poland

Polish gas monopolist PGNiG unlikely to offer commercial storage services before 2012

Polish gas monopolist PGNiG eyes annual sales of 2 bln cbm of gas to electric energy sector

CORRECT: Gazprom to pay USD 20 mln to Polish-Russian Yamal gas pipeline operator EuRoPol Gaz

PRESS: Natural gas deposits in Poland estimated at 800-1,200 bln cubic meters

U.S.-based FX Energy set 2009 investment budget at approximately USD 23 mln

HEAT, POWER & SEWAGE

Poland allowed to ask in 2018 for transition period in implementation of EU’s CO2 scheme

PRESS: Poland could earn USD 1 bln on sale of surplus carbon emission rights

PRESS: Polish power grid operator PSE Operator to invest PLN 1.9 bln in 2009-2010

ALTERNATIVE ENERGY

Polish renewable energy firm PEP signs agreement with Electrabel Polska to build wind farm

IT & TELECOMMUNICATIONS

LANDLINE/MOBILE TELECOMS

France Telecom’s Polish TP to boost severance pay provision by PLN 180 mln in Q4

Shareholders of Polish mobile telecom Polkomtel complete purchase of shares from TDC

Polish telecoms regulator starts procedure to split France Telecom’s Polish incumbent TP

BANKING & FINANCE NEWS

BANKING

Poland not facing risk of mortgage crisis – FinMin

CAPITAL MARKETS

Warsaw Stock Exchange sees PLN 90-95 mln in FY 2008 net – CEO

Warsaw bourse affected by late-session trading due to low liquidity – CEO

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

Agency Interfax