Weekly news:

FINANCIAL & ECONOMIC NEWS

NEWS

PRESS: Polish GDP growth expected at -1% in 2009 – JP Morgan

PRESS: The Emirates Group considered as potential investor for Polish flag air carrier PLL LOT

PRESS: No change in Polish constitution needed for euro adoption – gov’t lawyers

PRESS: No guarantee U.S. missile shield to be built in Poland – former U.S. official Brzezinski

MONETARY POLICY

PRESS: Polish president, central bank reject gov’t plan for euro adoption without amending constitution

STATISTICS

Poland’s core inflation increases to 2.4% y/y in February – National Bank of Poland

Poland’s industrial output down 14.3% y/y in February

Poland’s producer price index at 5.4% y/y in February, above market expectations

COMPANY NEWS

CHEMICALS

Polish chemical firms sign deal with advisors to assist in investor search

Polish fertilizer producer ZA Pulawy signs PLN 900 mln deal on gas supply capacities

REAL ESTATE

Polish office space rental prices expected to decline by 10–15% in 2009, 2010 – report

Polish industrial space ranked 25th in survey of most expensive warehousing locations

PRESS: Polish developers, private investors sell land en masse

Polish-listed CEE developer Orco denies media reports on halting of Zlota 44 project

PRESS: Polish government to allocate PLN 40 bln on motorway construction

Poland’s apartment completions reach 10,339 units in February 2009, down 5.8% y/y

Scandinavian developer Skanska’s Polish unit plans 132,000 sqm pipeline in Poland

Skanska plans to launch first phase of Warsaw office project ’Atrium South’ this year

Polish developers likely to withhold 80% of planned investments in 2009 - expert

ENERGY NEWS

OIL & PETROCHEMICALS

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

Polish IT firm Prokom decreases stake in upstream firm Petrolinvest to below 50%

Polish top fuel PKN Orlen paying for extra stake in Lithuanian unit in installments "positive" – analysts

Top Polish refiners PKN Orlen, Grupa Lotos to increase gasoline prices Friday, Lotos to cut diesel

Polish no.2 refiner Grupa Lotos to increase diesel output by 50% to 4.5 mln tonnes annually

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

GAS

Poland to get EUR 330 mln from EU for energy security projects

PRESS: Poland invites Russia to renegotiate long-term gas supplies contract

Gaz de France in talks with Polish gas monopolist PGNiG on upstream cooperation – interview

Poland hopes to soon sign agreement with Qatar on LNG supplies - PM Tusk

Polish gas monopolist PGNiG may benefit from 1 month delay in approving new tariffs - analysts

CORRECTION: Polish gas monopolist PGNiG expects financial results improvement in Q2 2009

PRESS: Polish gas monopolist PGNiG expects financial results improvement in Q2 2009

COAL

PRESS: Europe’s largest coal miner Kompania Weglowa to face strike after wage talks failure

PRESS: Polish coal miner KHW to issue bonds for total value of PLN 900 mln in Q2 ’09

HEAT, POWER & SEWAGE

Electrabel Polska interested in taking part to build first Polish nuclear power plant – VP interview

PRESS: Polish demand for electric power dropping 6% monthly due to economic slowdown

ALTERNATIVE ENERGY

Electrabel Polska to develop renewable energy, buy stakes in power production sector in Poland

IT & TELECOMMUNICATIONS

TELECOMS SERVICES

PRESS: Polish foreign ministry to inject PLN 21 mln in Polish-Belarusian TV project BelSat TV

BANKING & FINANCE NEWS

BANKING

PRESS: Some 6% of Poles expected to take out loans in 2009

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

Agency Interfax