AZERCELL SIGNS ROAMING AGREEMENT WITH POLAND

For the purpose of extending international communication facilities of its subscribers, Azerbaijan Azercell Telecom Joint Venture has signed GPRS roaming agreement with Polish Polkomtel Poland mobile operator (Plus GSM).

New GPRS/MMS roaming agreement will provide Azercell subscribers staying in Poland on business mission with wide range of services.

It should be reminded that this is the third agreement signed to promote new GPRS service in Azerbaijani communications area. The first and the second ones were signed with Turkcell - leading mobile operator of Turkey, and Geocell Ц Georgian mobile operator.

(Source: azertag.com)

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Ryanair marks success of Poland – Europe routes

Ryanair has launched a sale with 45,000 seats for 19pln on its new routes from Poznan & Szezecin to London Stansted & from Rzeszow to London Stansted and Frankfurt Hahn.

Speaking in Poland today, Ryanair Chief Executive, Michael O’Leary said: “By November 1st Ryanair’s services from Poznan & Szczecin to London Stansted & from Rzeszow to London Stansted and Frankfurt Hahn will be operational and for the first time these cities can look forward to Europe’s lowest fares.

“The reaction to these new routes has been phenomenal and so far 45,000 bookings have been made across the 4 routes for travel to Europe. Ryanair will carry 450,000 passengers in its 1st year on these routes. Poland can look forward to a marked increase of UK and German visitors in the coming year.

“To mark our success on these 4 Polish routes we are launching a sale of 45,000 seats for 19pln (one way ex taxes) - one for every seat already sold on the routes.”

(Source: european-holiday-homes.net)

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Unicredito Has Upside In Poland - Fox, Pitt

Fox, Pitt-Kelton keeps Unicredito Italiano (UC.MI) rated outperform with EUR5 target after a tour of banks in Poland. Says Unicredito should benefit from merger of its Pekao (PEO.WA) unit and BPH (BPH.WA), which is controlled by HVB Group (HVM.XE), and which Unicredito is buying. Brokerage expects the two Polish banks to account for around 12% of Unicredito-HVB's combined net profit this year, and sees value growing there when Pekao and BPH are merged. Unicredito shares -0.5% to EUR4.67.

(Source: Dow Jones & Company)

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Poland's PKN Orlen, Turkey's Zorlu Group bid for 51 pct of refiner Tupras

Polish oil company PKN Orlen said it and the Zorlu Group of Turkey have submitted a bid for a 51 pct stake in Turkish refiner Tupras.

In a statement on the Polish company's website, PKN Orlen said it and Zorlu industrial conglomerate each have a 50 pct stake in a bidding consortium formed yesterday in order to bid for the Tupras holding.

The news follows an announcement earlier by Austrian oil and gas company OMV AG that it had submitted a binding offer for the 51 pct stake in Tupras. This came after Expansion newspaper reported that Repsol YPF SA had decided not to make an offer for the stake after analysing Tupras' assets.

Neither PKN Orlen nor OMV provided pricing details of their offers for the stake in stake in Tupras that is currently owned by the Turkish Privatisation Administration.

(Source: Forbes, AFX)

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KBC announces EUR 25 m expansion in Poland

Belgian banking giant KBC is planning to open 120 branches in Poland, Reuters reported on Thursday.

KBC, the owner of Hungary's K&H Bank, is to spend a total of EUR 25 million on expansion in Poland between 2006 and 2008.

The Group said that in the absence of large banks for sale, it was not planning further acquisitions in the region.

KBC said it is still interested in acquisitions in Poland and Slovakia, although there are no concrete plans at the moment.

Speaking at a press conference after the company released first half results, Andre Bergen, deputy chief executive, said: 'We are open to acquisitions in Poland... there are no concrete plans to buy in Slovakia but we are looking at some projects.'

Asked if the company can meet its target for 10 pct market share in Poland, Bergen said that this would not be possible through organic growth alone.

Poland is the only country in Central and Eastern Europe where it has not met its target of a 10 pct market share.

So far, its plans for Poland involve expanding its banking network there by adding 50 branches in 2006, 50 in 2007 and 20 in 2008.

Bergen said that while the bank has made attempts to make acquisitions, discussions with potential sellers have not resulted in anything.

(Sources: AFX, Reuters, Portfolio.hu)

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Vast trade potential exists between Pakistan and Poland

remendous potential exists between Pakistan and Poland in the trade sector particularly in textiles and agriculture. Although the volume of trade between the two countries doubled in a year, it is not more than $ 100 million.

Ambassador of Poland Bogdan Marczewski stated this while talking to the media persons on the occasion of the 25th anniversary of the Solidarity Movement celebrated here.

The ambassador said that Poland could help Pakistan in the agriculture sector and get textile products in return. He said that his country could also provide heavy machinery involved in road and building construction.

He was optimistic that the two countries can have joint ventures in different fields.

The Polish envoy was much impressed by the Pakistani hospitality and evinced keen interest in tourism, and narrated how he once visited Hunza Valley. He was optimistic that in the near future he would go to Naran, Kaghan and other hilly areas in NWFP.

The ambassador said that Pakistan has vast mineral resources and labour was also cheap and opined that Poland could also assist Pakistan in coal mining and Railways.

Marczewski said that he visited Karachi Chambers of Commerce and Industry five times and signed several agreements, besides conducting conferences and seminars over there. He said that he was in contact with Lahore, Rawalpindi and Islamabad Chambers of Commerce and Industries and would like to increase cooperation with them.

He said that media had a greater role to play in promoting the image of Pakistan and was critical of the Western media, which was biased and “portrays only one side of the picture.”

He said that Pakistan was doing much on the anti-terror front and its policies were forward looking. Besides, it has a strategic location. “All the countries can benefit enormously from Pakistan as its people look into the future,” he added.

Earlier, in his address, the Polish ambassador gave a briefing on the historic movement of the Polish people for establishing legendary Independent Self-Governing Trade Union ‘Solidarity’ 25 years ago.

He said that the movement triggered changes, which led to the dismantling of the communist system.

“The abolition of the Berlin Wall, the Velvet Revolution in Prague, and the subsequent enlargement of the European eastward are all developments rooted in the ideals and achievements of Solidarity contributed to the expansion of the area of democracy and human rights across the world,” he observed.

He recalled that if their freedom leader Lech Walesa had not scaled the fence of the Gdansk Shipyard in August 1980 - the Berlin Wall would have long remained a mark of divided Europe.


(Source: Pakistan Link)

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Greek bank hopes there's room for one more in Poland

EPG Eurobank Ergasias, the third largest bank on the Greek market, plans to open a subsidiary in Poland and has already launched a recruitment drive.

The new financial institution will probably be named EPG Bank so as to avoid any confusion with Polish Eurobank and at the same time retain the name of the investor - the Swedish EPG group that has a 41% share in the Greek bank. While the Greeks are still waiting for all the relevant permission to launch their activities, they have already begun the recruitment process. They are searching for managers in dynamic Polish banks. "Persons from Getin Bank board and the PKO BP bank managers have received job offers," a source told Puls Biznesu. The Greek bank has also begun searching for other positions through the press announcements, mostly in the field of people specializing in services for small enterprises. The bank plans to open 200 branches within three years.

(Source: Puls Biznesu)

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Finland - Poland: Patria introduced new AMV

Finnish Patria Vehicles has introduced its new six-wheeled AMV in Poland. Poland has previously ordered 690 AMVs from Patria, 32 of which are six-wheeled. The basic AMV is a 8x8 vehicle.

Patria has also developed a Heavy Weapon System version of the AMV, which is designed to carry heavy weapon system turrets. Patria is planning to introduce its AMOS AMV in autumn 2005.

(Source: eFinland)

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Eurozet pledges to maintain its position on Poland’s ever-crowded airwaves

Eurozet, owner of radio broadcasters Radio Zet and Radiostacja, has quite cautious development plans.

"Our priority is maintaining the market position of Radio Zet, exploiting its brand and the development of Radiostacja," said Monika Bednarek, president of Eurozet. Radio Zet is the second most popular radio station in Poland after RMF FM, but each entity controls roughly 40% of the market. Many experts claim that both companies will find it hard to maintain a dominant position. "I expect the radio advertising market will grow by 7-10%, but our growth should be similar," said Monika Bednarek. She went on to say that in the mid-term the market should consolidate to around 2-3 players. Eurozet might consider spending up to zł.40 million to take over another broadcaster. "We would like to purchase stations owned by Agora or Eska, but they are not for sale," said Bednarek.

(Source: Puls Biznesu)

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Poland reports low GDP growth in Q2

Polish gross domestic product grew 2.8 pct in the second quarter of the year, giving overall growth of 2.4 pct over the first half, the central statistical office GUS said.

'These data are similar to expectations. Investments were a little bit worse than forecast and amounted in the second quarter to 3.8 pct, while in the first quarter they rose 1 pct', Maciej Reluga, BZ WBK chief economist said to AFX agency.

In the first half of the year, investments in Poland increased 2.6 pct.

(Sources: GUS, AFX)

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Pakistan and Poland explore measures to bolster bilateral cooperation in agro-sector

Pakistan' Federal Minister for Food, Agriculture and livestock Sikandar Hayat Khan Bosan Tuesday met with Ambassador of Poland Bogdan Marchlewski and discussed ways to explore the possibility of technical cooperation in agriculture field between the two countries.

Secretary MINFAL Muhammad Ismail qureshi, Joint Secretary MINFAL Muhammad Saleem Khan and other high officials of the Ministry were also present in the meeting.

The Minister said that seed area particularly hybrid seed is weak area for which Pakistan needs technical assistance from government of Poland for improvement. He hoped the possibility of cooperation in the field of agriculture machinery, seed industry, food processing, agriculture business, horticulture and livestock and fishing between the two countries.

The Ambassador of Poland appreciated the pace of development in Pakistan and stated "although Poland is an industrial country but has developed in agriculture sector as well". He assured that Poland will help and go along with Pakistan in the growing of agriculture industry.

(Source: onlinenews.com.pk)

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