NEWS

Polish economy not in crisis – Polish Deputy Economy Minister

PRESS: Global stock exchanges surge following financial crisis measures

PRESS: Poland will not join euro zone before 2012 - EU commissioner

MONETARY POLICY

Poland’s rate setters leave interest rates flat in September, key reference rate at 6%

Poland’s core inflation accelerates to 4.0% y/y in August – National Bank of Poland

STATISTICS

Poland’s official unemployment rate drops to 9.4% in August

Poland’s official unemployment rate decreases to 9.3% August

POLITICS

Poland and Ukraine maintain right to organize EURO 2012

PRESS: U.S. government’s USD 700-bln financial market bailout badly thought out - Soros

PRESS: U.S. Congress cuts 2009 budget for missile base in Poland by two thirds

Polish president calls for energy solidarity among EU countries

Russian moves to derail diversification plans in Georgia severe blow for Poland – Polish president

PRESS: Poland reportedly heads negotiations on part liberalization of Belarusian Parliament

PRESS: U.S. Secretary of State Condoleezza Rice recognizes Polish support in Georgia crisis

PRESS: Change in public opinion on Russia may lead to more Polish influence on EU strategy

Polish Prime Minister Tusk names Borys as contact between Poland and Polish minority in Belarus

PRESS: Polish Parliament to severely cut retirement pensions of former secret service officers

PRESS: Ukrainians unnerved by relaxed Russian nationality restrictions

COMPANY NEWS

REAL ESTATE

Swedish developer Skanska sells Warsaw office project in EUR 115 mln deal

Interbank market rate increases may up Polish mortgage rates - analyst

Polish BRE Bank not willing to finance marginal developers - CEO

Developer Reinhold Polska Project 4 reduces credit level in agreement with Polish bank BZ WBK

Polish council of ministers approves new PPP regulation project

Excessive investment ahead of 2012 soccer tournament could be mistake – real estate developer

ENERGY NEWS

OIL & PETROCHEMICALS

Polish top fuel firm PKN Orlen expects oil price decreases to have an impact on Q3 results

Top Polish fuel firm PKN Orlen wants to get involved in oil extraction business

Top Polish fuel firms may release cash reserves if mandatory fuel reserves law changed – analyst

HEAT, POWER & SEWAGE

PRESS: Polish power sector unions threaten to block IPOs of power groups PGE and Enea

PRESS: Poland may not get access to 1,000 MW of capacity in Lithuania’s nuclear power plant

IT & TELECOMMUNICATIONS

LANDLINE/MOBILE TELECOMS

Polish alternative telecoms Netia plans to make millions on new mobile initiative

BANKING & FINANCE NEWS

BANKING

Polish Prime Minister Tusk signs Kozinski nomination for vice president of central bank

Merger of Polish banks GE Money Bank with Bank BPH to begin in Q1 2009

Polish euro zone entry will decrease loan risk and lead to loan expansion - economist

CAPITAL MARKETS

PRESS: Polish president delays Warsaw Stock Exchange privatization

EMERGING MARKETS NEWS HIGHLIGHTS

Moscow, Caracas name oilfields where joint consortium will operate (Part 2)

Chavez voices "firm support" for Russia’s Caucasus actions

Georgian opposition calls for expulsion of Kazakh gas company

Russians negative about U.S., EU, Ukraine and Georgia as never before – poll

Recognition not the best, but only option after Georgian aggression - Gorbachev

South Ossetia to ask for permanent observer status in Union of Russia and Belarus

PACE for international probe of human rights violations during recent hostilities in S.Ossetia

Russia discards Georgia reports on downed Russian drone as provocation (Part 2)

Russia discards Georgia reports on downed Russian drone as provocation

Construction of Nord Stream gas pipeline on schedule – Miller

Russia to supply Nord Stream pipeline with 55 bcm of gas per year

FINANCIAL MARKETS

EQUITIES

Warsaw Stock Exchange blue-chip WIG20 close – 26/09/2008

Poland equity market indices – 26/09/2008

MONEY MARKET