INTERFAX - Poland news report of 30.05.2008

NEWS

Polish PM wants review of excise tax rates, refinery margins on liquid fuels

PRESS: Nigerian woman trapped for two years in transit zone of Moscow’s Sheremetyevo airport

MONETARY POLICY

Polish rate setters leave interest rates flat in May sitting, key rate at 5.75%

STATISTICS

Poland’s GDP growth beats expectations, up 6.1% y/y in Q1

Poland’s GDP growth estimated at 6% in Q1, seen at 5.5% in FY 2008 – EconMin

Poland’s official unemployment down to 10.5% in April

Polish PM, FinMin see full-year GDP growth at 5.5%

Poland’s unemployment rate drops to 7.7% in April – Eurostat

Poland’s ratings under moderate pressure if macro tensions end in "hard landing" – Moody’s

Polish PM wants review of excise tax rates, refinery margins on liquid fuels

POLITICS

Poland expects to be treated by US as "strategic ally" – Polish Defense Minister

Finland supports EU eastern partnership proposal made by Poland – Finnish PM

PRESS: Polish poll reveals Tusk a favorite among future presidential candidates

PRESS: Polish anti-corruption sting drags U.S. FBI into unwanted political intrigue

Europe must build up own defense structures, assume responsibility for security – Sarkozy

Ukraine is part of Europe, will be offered closer cooperation with EU – French President Sarkozy

France supports "in principle" Ukrainian, Georgian bid to join NATO – Sarkozy

Poland should participate in EU decision-making on all important matters – French president

French President Nicolas Sarkozy to sign Polish-French strategic partnership agreement today

European Parliament committee passes call to prevent Nord Stream pipeline construction

Polish president sees Georgia as battleground for influence, domination

Georgia’s territorial integrity cannot be questioned – Polish President

Poland reiterates support for Georgia’s membership of NATO, EU

Polish president praises Georgian democracy, describes parliamentary elections as democratic

COMPANY NEWS

CHEMICALS

Polish chemical plant ZA Tarnow wins IPO prospectus approval

REAL ESTATE

Polish developer J.W. Construction’s PLN 20-30 mln share buyback an effective play - analyst

Warsaw-listed developer Warimpex to pay dividend, launch share buyback program

Polish developer Polnord should keep full ownership of Warsaw commercial project – analyst

Poland’s largest real estate complex, Miasteczko Wilanow, to be completed ahead of schedule

Private investors’ residential offers create real competition for Polish developers - analyst

Polish developer Polnord to spend PLN 150-200 mln on new land purchases in 2008

Warsaw’s apartment completions rise 49.1% y/y in January-April

Poland’s retail sales up 17.6% y/y in April, below market expectations

Poland may have to cut corners to keep 2012 soccer bid

Polish real estate boom leaps from retail to office

Poland will need 500 budget hotels over the next five years.

Polish retail boom for short-term investors nearing end – ECE Projektmanagement Polska

Polish developer BBI Development buys 45 plots of land for PLN 64.3 mln

PRESS: Polish construction firm Pol-Aqua sees PLN 200 mln stock issue to finance Ukrainian deal

PRESS: Warsaw-listed developer Warimpex moves closer to Ukrainian expansion

PRESS: Polish developer GTC starts new residential project, investment seen at EUR 30 mln

PRESS: Polish Culture Ministry sees PLN 300 mln investment in new museum

Polish realtor AD.Dragowski wins IPO prospectus approval

Austrian developer Warimpex sees "great potential" in Polish secondary city hotel sector

ENERGY NEWS

OIL & PETROCHEMICALS

Poland’s top refiner PKN Orlen gets four new executives

Polish Treasury’s demand of dividend from refiner PKN Orlen to worsen credit situation – analyst

GAS

PRESS: Polish natural gas monopolist PGNiG delays crude oil extraction increase project by 2Y

Polish Treasury to start distributing employee shares in gas monopolist PGNiG by end-June

PRESS: New German gas pipeline link a threat to Poland

Polish Treasury mulls equity boost for gas monopolist PGNiG

PRESS: European Parliament committee begins discussion of Nord Stream report

ALTERNATIVE ENERGY

PRESS: Poland to pay EUR 1 bln on unfulfilled renewable energy criteria

BANKING & FINANCE NEWS

BANKING

Press: Some Polish banks too lax in handing out credit – Ernst&Young

EMERGING MARKETS NEWS HIGHLIGHTS

Turkmenistan could boost oil exports to 14 mln tonnes by 2015

Azerbaijan ready to sell Ukraine 475,000 tonnes of oil for Odessa-Brody pipeline

Russian Natural Resources Ministry consults with EU on Baltic Sea Nord Stream pipeline

Poland hopes more meat producers will gain certification to export to Russia - official

Russia to increase oil output by 3 mln tonnes in 2008 - Transneft

BPS-2 pipeline construction scheduled to begin in Sept – Transneft

Russia could become source of biofuel for Europe – Agriculture Minister Gordeyev

Moscow court rejects rehabilitation motion from relatives of Polish officers executed in 1940

Gazprom, E.ON set up working group for power plant construction project in Germany

Russia preparing asymmetric response to deployment of U.S. shield in Europe – official

U.S. missile shield in Central Europe a threat to Russia’s nuclear potential – Russian Defense Min.

Moscow waits for EU to officially announce readiness for talks on new accord – Russian diplomat

EC counts on swift beginning of talks on new accord with Russia

FINANCIAL MARKETS

MONEY MARKET

National Bank of Poland official interest rates – 30/05/2008

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