INTERFAX - Poland news report of 15.08.2008

NEWS

Poland’s C/A deficit at EUR 2.292 bln in June, much above expectations

STATISTICS

Poland’s consumer price index (CPI) at 4.8% y/y in July, in line with expectations

POLITICS

POLAND INITIALS MISSILE SHIELD AGREEMENT WITH UNITED STATES

Polish Parliamentary committee calls Russia’s action in Georgia "illegal," "unjustifiable"

European Council meeting on Georgia still possible – Polish foreign minister

Polish resi market to continue deceleration for 1-1.5 years - developer Dom Development

Polish oil sector firm Petrolinvest posts net profit of PLN 2 mln in Q1 2008

EU should start new peace initiative if Russian army moves toward Georgian capital – Latvian PM

Georgia’s territorial integrity missing in French ceasefire proposal – leaders of Baltic States, Poland

World has responsbility to support legally-chosen Georgian government – Lithuanian president

Polish presidential speech in Tbilisi unnecessary, ’overly-emotional’ - Polish ruling party MP

Poland’s vital interest is to have good relations with Russia, not to escalate conflicts – Polish PM

Polish gov’t hopes that presidential visit to Georgia will come without ’political surprises’ – PM

Polish president convinced Russia’s decision to cease operation in Georgia will lead to peace

Russia again shows "real face" by waging aggression against Georgia – Polish president

Poland likely to send peacekeepers to Abkhazia, S. Ossetia in changed mission format – Kaczynski

Georgia, Saakashvili may have misread Polish friendly gestures when launching offensive – Tusk

Polish PM sacks Poland’s chief negotiator of U.S. missile shield deployment

Poland’s energy security not jeopardized by Georgia conflict, but future plans may be influenced

Poland rejects Russian criticism of position adopted on Georgia crisis

Poland reiterates call on Russia to stop military action in Georgia

Poland soon to complete first stage of evacuation of Polish, EU citizens from Georgia

Poland reiterates proposal for new stabilization force in Caucasus, believes current setup failed

Energy security, efficiency will be key elements in Polish energy policy until 2030

PRESS: Poland wants normal relations with Russia despite Georgian conflict - Polish foreign min.

Russia’s attack on Georgia should have been expected - former Polish President Walesa

PRESS: Kremlin may want to regain influence in Ukraine, Central Europe - Polish government

COMPANY NEWS

METALS

Polish copper miner KGHM in line with market expectations with Q1 net down 10.6% y/y

CHEMICALS

Polish chemical ZA Pulawy more than triples net profit to PLN 75.5 mln in Q4 FY

Polish chemical Ciech disappoints with PLN 23.5 mln Q2 consolidated net

Polish chemical firm ZCh Police more than triples net profit to PLN 122.2 mln in Q2 2008

Polish chemical firm Ciech decreases net profit 25% to PLN 27 mln in Q2 of 2008

MEDIA

Polish broadcaster TVN sees 520,000 customers for its digital satellite platform at end-2008

Polish broadcaster TVN beats consensus with PLN 207.6 mln Q2 consolidated net

Polish media Agora disappoints with PLN 21.5 mln in Q2 consolidated net

REAL ESTATE

Polish developer LC Corp inks PLN 200 mln deal for construction works on its flagship project

Polish developer Polnord posts PLN 20.82 mln Q2 ’08 net, up five fold Y/Y

Polish listed developer Ronson Europe posts PLN 22.9 mln H1 ’08 net, up 81% Y/Y

Polish listed developer Atlas Estates gets PLN 147 mln loan to build exclusive residential towers

Spanish developer Martinsa Fadesa to retain Polish assets despite dire financial situation

Polish developer Dom Development inks PLN 100 mln real estate deal in central Warsaw

Polish developer Dom Development post PLN 69 mln Q2 ’08 net, up 25% Y/Y

Polish developer LC Corps H1 ’08 net surges Y/Y on mixed-use project exploitation, resi completion

Polish developer, construction firm PA Nova backs out of Ukrainian investment

Polish developer, construction firm PA Nova plans PLN 900 mln spending in next 3Y

Polish listed developer Globe Trade Center (GTC) posts PLN 147.79 mln net, down 30% Y/Y

Polish developer, construction company Instalexport joins consortium to build PLN 271-mln project

Polish developers should turn to retail in the face of residential downturns – analyst

ENERGY NEWS

OIL & PETROCHEMICALS

War in Georgia unlikely to affect oil supply to Poland in short term – PKN Orlen

Polish oil PKN Orlen expects green light on Lithuanian oil terminal stake purchase by end-2008

UPDATE: Polish No. 2 refiner Grupa Lotos’ Q2 ’08 net profit in line with expectations at PLN 396.5 mln

Polish No. 2 refiner Lotos may move on North Sea gas fields in second half of 2008

Polish No. 2 refiner Grupa Lotos’ Q2 ’08 net profit in line with expectations at PLN 396.5 mln

Top Polish fuel firm PKN Orlen turns in PLN 1.67 bln net profit in Q2, above expectations

GAS

Polish gas monopolist PGNiG’s regional unit opens new PLN 26 mln natural gas mine

Polish gas monopolist PGNiG unlikely to get approval for gas prices tariff increase - analysts

UPDATE: Polish gas monopolist PGNiG below forecasts with PLN 280.3 mln net profit in Q2 2008

UPDATE: Top Polish fuel firm PKN Orlen turns in PLN 1.67 bln net profit in Q2, above expectations

Polish gas monopolist PGNiG’s gas pipeline to Germany could be launched no sooner than in 2011

Polish gas monopolist PGNiG will select general contractor for gas storage facility in September

Polish gas monopolist PGNiG applies for increase of gas price tariff in Q4 ’08 due to high oil prices

Polish gas monopolist PGNiG revises down natural gas extraction forecasts in 2008

U.S.-based FX Energy to begin extraction of up to 1.2 mln cubic feet of natural gas daily in 2009

Polish gas monopolist PGNiG below forecasts with PLN 280.3 mln net profit in Q2 2008

Polish gas distributor CP Energia increases net loss to PLN 1.53 mln in Q2 2008, revenues up 40%

Polish gas monopolist PGNiG’s signs PLN 1.7-bln agreement on oil and gas well construction

PRESS: Poland may find it difficult to obtain supplies from Caspian region due to war in Georgia

HEAT, POWER & SEWAGE

Polish No. 1 power firm PGE management board considering modification of company strategy

Polish power group Enea and Kozienice power plant will increase capacity by up to 1,000 MW

ALTERNATIVE ENERGY

PRESS: Poland will build 2,500 bio-gas power plants for PLN 40 bln by 2020

IT & TELECOMMUNICATIONS

LANDLINE/MOBILE TELECOMS

Polish mobile telecom Polkomtel makes PLN 417.1 mln in Q2 net, up 16.7% y/y

Polish digital TV operator Cyfrowy Polsat sees mobile customer base under 1 mln by end-2008

Polish alternative telecom Netia disappoints with PLN 314.6 mln Q2 consolidated net

IT SERVICES

Polish alternative telecom Dialog posts PLN 21.3 mln in Q2 net loss, revenue up 15% y/y

Polish-controlled IT group Asseco plans expansion in Romania, Hungary

Polish IT Asseco Poland beats consensus with PLN 100.8 mln Q2 consolidated net

INTERNET

Polish Internet hosting firm Ogicom sees stock market debut in 2009

BANKING & FINANCE NEWS

BANKING

Polish financial firm Getin Holding beats expectations with PLN 151.3 mln in Q2 net

Citigroup’s Polish unit Bank Handlowy posts PLN 169.9 mln in Q2 consolidated net

EMERGING MARKETS NEWS HIGHLIGHTS

Russia denies fighting in Gori, Poti

Ukrainian Foreign Ministry anxious that Russian Black Sea Fleet’s ships use in Georgia - South Ossetia conflict could lead to terrorist acts in Crimea

U.S., Ukraine send humanitarian aid to Georgia

NATO, Ukraine pushed Georgia to attack – Russian General Staff (Part 2)

Five European leaders state support for Georgia in Tbilisi

Lavrov: Saakashvili cannot be partner in talks, must quit (Part 2)

Russian military have not hit oil pipelines – General Staff

Medvedev tells Russian military to quell hotbeds of violence in S. Ossetia if they emerge

Medvedev: I have decided to cease operations to force peace in South Ossetia

Russia’s relations with Poland, Baltic States undermined over Georgia conflict – Russian official

Ultimatum aims to prevent escalation of armed conflict - Russian Defense Ministry (Part 2)

Russian diplomat calls statement by Baltic states, Poland on South Ossetia cynical

Abkhazia, South Ossetia to appeal to world for recognition of independence

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