Romania hopes to cooperate more closely with Poland

Romania hopes to boost cooperation with Poland in economy, culture and science before Romania's EU entry, Romania's Ambassador to Poland Gabriel Constantin Bartas said Wednesday.

Gabriel Constantin Bartas made the remarks in the western Polish city of Zielona Gora, where he met with local government representatives to discuss the current and future cooperation with western Poland's Lubuskie province, the Polish new agency PAP reported.

After his meeting with Zielona Góra mayor Bożena Ronowicz, the Romanian ambassador said his country was interested in broader cooperation with Poland.

Trade volume between Romania and Poland stood at over 1 billion euro (1.28 billion U.S. dollars) last year, according to Gabriel Constantin Bartas.

He hoped that Polish and Romanian winemaking firms would establish cooperation.

The ambassador stressed that Romania should join the EU on Jan.1, 2007 as scheduled.
Source: xinhuanet.com

Flights to Poland

Novea - Business in Poland

Poland goes hunting for mall sites

With Warsaw's retail market nearly saturated, developers here - as in other parts of Eastern Europe - are looking beyond the city center to new shopping mall locations in provincial towns.
"Many investors have decided it's better to invest in a shopping center in a small town where it will have no competition than in the 15th mall in Warsaw or Prague, where its chances are hard to predict," said Agata Sekuła, the head of the retail department at the Jones Lang LaSalle property consultancy in Warsaw.
According to most experts, Warsaw has enough large-scale enclosed malls; it boasts 1.1 million square meters, or 11.8 million square feet, of modern shopping-floor space.
This year will see only one addition: the Złote Tarasy, or Golden Terraces, center, developed by ING Real Estate in the capital's heart just across from the main railway station. Its completion has been long anticipated, and its web-like glass roof already is a city landmark. Retailers are to fill 63,000 square meters, or about a third of the total space in the €400 million, or $511 million, development.
In the near future, "there won't be any new large shopping centers in Warsaw," according to this year's report by the property consultancy CB Richard Ellis. "Investors will focus on provincial cities because of higher demand and smaller saturation of the market."
Outside Warsaw, the largest projects in Poland this year include the Manufaktura center, developed by Apsys, in Łódź, Poland's second- biggest city. Some 19th-century textile factories totaling 109,000 square meters have been renovated to house shops, hotels and business facilities.
Also, Galeria Krakowska, a 60,000- square-meter development near the central station in Kraków, has been built by ECE-Projektmanagement.
The Richard Ellis report said smaller cities, with 400,000 inhabitants or fewer, were of particular interest to developers. For example, the U.S. company Polimeni has completed projects in Gniezno and Ostrowiec Swiętokrzyski, which each have about 70,000 residents. Polimeni also is investing in a shopping center in Słupsk in sparsely populated northern Poland.
But political factors like strong sentiment against foreign investors and a willingness to protect local businesses could slow development.
"Many communities feel they have enough of large-scale investment, and they don't want to have more not to hurt the Main Street shopkeepers," said Joseph Karp, president of Apollo Rida in Warsaw, which manages more than 30 centers in Poland. "There is a desire on the part of developers to build more, but cities will keep it at a slower pace."
Similar trends have emerged in other new Central European members of the European Union. The 55,000- square-meter Centrum Chodov opened in Prague late last year, but two other projects - Inter Ikea and Centrum Cerny Most - are planned for Brno and Ostrava in the eastern part of the Czech Republic.
Overall, shopping center growth in Poland, a country of 38 million people, continues to be strong. It is one of six European countries where shopping center space scheduled to open between January 2006 and December 2007 exceeds a million square meters, according to a report in March by the Cushman & Wakefield real estate agency. That will represent about a 26 percent increase in the current 4.3 million square meters of retail space.
Poland's economy has accelerated, with this year's growth projected at 5 percent on top of last year's 3.2 percent. And retail sales are on the rise - up 9.4 percent in the first quarter from a year earlier - so demand for new locations from international and domestic chains remains strong.
Today there are 111 square meters of shopping center space for every 1,000 inhabitants in Poland, but the European Union average is far larger - 171 square meters.
"It's a very young market which has undergone a rapid expansion over the last years," said Piotr Kaszynski, head of the retail department at the Warsaw branch of Cushman & Wakefield. "The main driving factors are consumers' growing purchasing power and a large interest from retailers."
But some caution that increasing competition and rising consumer sophistication mean developers need to be careful. "Times when one could make profit on a hastily built, badly managed development are gone," Kaszynski said. "Now clients want a convenient location, parking space, good mix of tenants and entertainment component."
Source: By Beata Pasek, International Herald Tribune

Flights to Poland

Novea - Business in Poland

Railway in Poland: New rail4chem and Rail Polska Car-Carrying Train Operating Between Belgium and Poland

On May 3rd 2006, rail4chem started a new regular block train service for transporting cars between Belgium and Poland. In Poland rail4chem relies on a private-sector rail company Rail Polska. Both partners plan to run approx. 80 more trains until the end of 2006.

The Customer is Horst Mosolf GmbH & Co. KG, a large German logistics company specializing in transporting cars. The trains run from Zeebrügge via the Netherlands and Germany to Mszczonow near Warsaw. This is where the cars are loaded onto lorries.

The first train consisted of 22 car platforms with approximately 200 Toyota cars.
From the German-Polish boarder crossing in Guben to Mszczonow the wagons are hauled by Rail Polska's M62 modernised locomotive with GE engine. It is intended to provide non-stop haulage with one locomotive over the entire route as soon as possible.

Closed round trips are offered alternately once and twice a week. Technical responsibility for the train service in Belgium, the Netherlands and Germany is borne by rail4chem and the Dutch subsidiary rail4chem Benelux B.V.

Rail4chem deploys heavy diesel locomotives for the service in the Benelux countries and hauls the trains in Germany with its own electric units. The transport time is currently about 30 hours.

"The new car transport service represents another important step towards our establishment of pan-European links," comments rail4chem's managing director Matthias Raith. It is planned to expand the services in future. In particular, the trains are also to achieve optimal capacity utilisation westbound.

Rail4chem group provides transport services to Poland, the Czech Republic, Austria, Italy, France, Hungary and Slovakia in cooperation with partners. It chalked up more than 3.6 billion tonne km along with its partners in Europe in 2005.

In 2003 rail4chem together with another Polish private operator Chem Trans Logistic Holding Polska S.A. (CTL) run the first private rail freight service between Germany and Poland. The joint block train transported oil products from Leuna to a destination in Upper Silesia.
Source:rail4chem, Railway Market magazine

Flights to Poland

Novea - Business in Poland

Poland's unemployment rate in April down to 17.2 percent

Poland's April unemployment rate fell to 17.2 percent from 17.8 percent in March, the Central Statistical Office (GUS) reported on Wednesday.

There were 2,703,600 unemployed people in Poland in April 2006, down 118,400 from the previous month, and down 8.6 percent or 254,200 people from April 2005.

The Ministry of Labor and Social Policy earlier forecast a 17.2-percent unemployment rate in April.

Source: Xinhua

Flights to Poland

Novea - Business in Poland

Poland bans sexy ads for pope

Sexy advertisements were put under wraps and a ban on liquor sales went into force on Thursday in areas that Pope Benedict will visit during his just-started tour of Poland.

An eye-catching outdoor poster for an anti-cellulite cream was covered up after a conservative group in this overwhelmingly Roman Catholic country complained that the sight of a woman's bare backside and thigh was offensive.

Tabloid newspapers refrained from publishing their customary topless models on their back pages on Thursday, while Warsaw bars were either closed or served only low alcohol content beer.

"We acknowledged this request to respect the feelings of the faithful," said Pierre Plassard, director of L'Oreal Polska, explaining why his company had covered up the advert.

"At the same time, we stress that, in our view, this advertisement does not infringe on the widely accepted social norm," he added

Beata Żmijewska, who works at the government press center, said the alcohol sale ban "is about properly participating in Pope Benedict's pilgrimage."

Benedict is set to retrace the steps of his predecessor John Paul during his trip to Poland, visiting cities such as Warsaw and Kraków and shrines that were central to his life in Poland and trips back as pope.


Flights to Poland

Novea - Business in Poland


Poland woos France on defence projects

Polish defence minister Radoslav Sikorski came to Paris on Tuesday with hope to win support on Nato’s Air Ground Surveillance (AGS) project.

“We have proposed a site, Powidz, near Poznań, and we are waiting for the green light to start building of the AGS” Sikorski told the French newspaper Le Figaro.

“The decision should fall in the next months and I rely on Mrs Alliot Marie – French defence minister – to support us”.

The AGS, which is an airborne, stand-off ground radar system, is going to be one of Nato’s most important systems set in Poland.

But Warsaw, with close ties to Washington, has also been approached by the US to receive American anti-missile systems.

“Our objective is to strengthen our partnership with NATO, the EU and the US,” Sikorski said.

“We will be as faithful with the EU as we are towards the US”.

Washington plans to install by 2011 anti-missiles in Europe to block attacks that could come from countries such as Iran.

The US will confirm by July which country has been chosen to receive the project, but Poland rates its chances but the Czech Republic is also in the running.

Sikorski assured France that Poland will not neglect EU defence projects or missions.

“We came to Paris to show our solidarity with the EU in the area of defence,” he said..

“Within the last six months, my government has decided to take part in the EU police force, to send more than a hundred soldiers to the Democratic Republic of Congo within a European force and to accede to the Code of conduct on Defence Procurement.”

By signing up this code, EU member states – except Spain, Hungary and Denmark – agreed on Monday on the liberalisation of EU defence procurement markets.


Flights to Poland

Novea - Business in Poland

Poland in Iraq

Approving the prolongation of the Polish mission in Iraq to the end of 2006 was among Polish President's Lech Kaczyński's first moves as Head of State after taking office in late December 2005.

But Polish media reports suggest that Poland may stay on till sometime into 2007. This change of position may be linked to the possible threat of violent outbreaks against the newly formed national unity government.

Piotr Paszkowski from the Polish defense Ministry says that for the time being Poland is pulling out as planned.

"No binding decisions have been made as regards to out extend presence in Iraq. We assume that we will pull out of Iraq by the end of the year as scheduled."
But Jacek Przybylski from the Rzeczpospolita daily says Polish defense ministry offcials are keeping their options open.

"There are two scenerios. The first one assumes that the situtation in Iraq will still be dangerous Polish troops will continue their stabilization mission, I think that this is the most proable scenerio. the second is optimistic, many Polish troops would be withdrawn and the rest of them would stay in Iraq to help the Iraqis re-build their country."

But professor Janusz Danecki from the Arabic studies center at Warsaw University thinks that Poland should pull out as planned.

"I'm against any military assistance of Poland to Iraq whatever it is...... I think we should pullout, should have pulled out already"

Poland has also pledged to take part in a NATO led mission in Afganistan with a force of several hundred troops.

But Jacek Przybylski from Rzeczpospolita thinks that Poland's place is in Iraq for the time being.

"I think that it is good for the Polish government because we are a staunch ally of the US. If Poland would stay in Iraq in 2007 it would mean that Poland would be the fourth largest contingent If you compare the Afagan mission to Iraq , it is much cheaper because the US is providing transportation etc."

For the time being Poland is sticking to its plans of pulling out of Iraq by the end of 2006. Poland currently has just 900 troops stationed there.
Source: Radio Polonia

Flights to Poland

Novea - Business in Poland


Irish Times: Poland Backs up Romania, Bulgaria for EU Accession Date

The Irish Times comments that during her first official visit to Dublin Poland’s newly-elected Foreign Minister Anna Fotyga expressed Poland’s support for Bulgaria and Romania’s accession to the EU on January 1st 2007.
“We think it is our moral duty to lend a hand to the peoples from Central and Eastern Europe just like we were helped by the western world. This is why we support Bulgaria and Romania’s accession to the bloc on January 1st 2007,” Minister Fotyga stated.

Source:FOCUS News Agency

Flights to Poland

Novea - Business in Poland

Poland seeks EU support over Russia's import ban on meat products

Polish Agriculture Minister Andrzej Lepper asked his EU interlocutors in Brussels Monday to make joint efforts to persuade Russia into lifting its import ban on Polish meat products introduced last November, the Polish News Agency (PAP) reported on Monday.

Lepper, who is also Polish deputy prime minister, argued that the issue would have an impact on EU-Russian trade relations.

"We want the EU help to be firm, we want the EU to join in talks on unblocking the Russian market," Lepper was quoted as saying.

Poland was ready to meet all Russia's requirements, but Russia kept on adding new demands which were at variance with an EU-Russian accord on cooperative partnership signed in 1996, he said.

In particular, Poland questioned Russia's provision that all EU meat exports to Russia should be transported via the Polish-Russian border crossing in Bezledy.

The crossing would become jammed by endless long queues, Lepper said.

The EU Commission, while expressing "serious concerns" over the issue, agreed that Poland has met all the latest Russian requirements.


Flights to Poland

Novea - Business in Poland

IMF sees higher growth for Poland, still wants it to cut budget deficit

We have raised our projections for GDP growth in Poland in 2006 and 2007 to 4.8 pct and 4.5 pct" from earlier projections of 4.2 pct and 3.8 pct, said Susan Schadler, IMF mission chief in Poland

"The recovery so far is well balanced between consumption, investment and exports. Inflation and the current account deficit are low and the unemployment rate is falling. The fiscal accounts for 2006 are on track," Schadler told a news conference

Poland is faced with "major opportunities" to ensure strong growth in the medium term, including grants from the EU, which Poland joined in 2004, and "closer integration with other European countries." "But to turn these into higher growth, it will be necessary to raise private investment, increase employment and keep the growth of productivity high," Schadler said

To achieve strong, medium-term growth, the IMF urged Poland to "reduce the fiscal deficit to stabilise the public debt and to free savings for private investment

"In this regard the 30 bln zloty (7.5 bln eur) fiscal anchor is important," Schadler said, referring to the ceiling placed by the conservative government of Prime Minister Kazimierz Marcinkiewicz on the 2006 budget deficit. But she called for an even lower ceiling next year

"In our view, a deficit target for the state budget of 26 bln zlotys would be a solid step towards stabilising the public debt." The IMF also urged Poland to "prepare policies for euro adoption as soon as possible." "Early euro adoption would allow Poland to enjoy additional opportunities for expanding trade, increasing investment and also raising the standard of living of its inhabitants," Schadler said

Preparing for the euro would "take a few years," Schadler said, "but proceeding with those policy changes as rapidly as possible, so as to enter the euro area as soon as possible, would be beneficial to Poland" and spur growth.

Flights to Poland

Novea - Business in Poland

Ericsson delivers music portal to PTC in Poland

Ericsson and Polska Telefonia Cyfrowa sp. z o.o. (PTC) have signed a managed services agreement for the delivery of Ericsson's white label personalized music service. The service, branded Strefa Muzyki will deliver music from all major record labels as well as from numerous independent labels to over 9 million subscribers.

Strefa Muzyki services include mono- and polyphonic ringtones, real tones, mobile handsets graphics and artist news, music videos and an immense selection of full-length tracks.

Strefa Muzyki was created in cooperation with Ericsson, making Ericsson responsible for the PTC music platform development, digital rights management, integration, hosting, content aggregation and content management.

Lars E. Svensson, president of Ericsson Poland says: "Strefa Muzyki based on SDP Media is a user-friendly service and I believe it will generate a lot of interest among subscribers."

Klaus Tebbe, Director of Strategy, Marketing and Sales at PTC says: "Strefa Muzyki brings us closer to our target by creating unique services on the Polish market: Granie na Czekanie and mp3 Omnix."

Ericsson's personalized music service is live with more mobile operators than any other in the world.

PTC is the leading Polish mobile telecom provider (the Era and Heyah networks) with over 10,2 million clients and 35% share of the total Polish mobile market. PTC operates both national GSM 900 and GSM 1800 licenses. In 2004 the Company has launched UMTS commercially. The Era GSM network covers 96.5% of the nation's territory and 99.6% of its population.


Flights to Poland

Novea - Business in Poland


A view of the Polish seed industry – part 1

The Polish flower seed market is complex and evolving. Many changes have been observed on all levels in the past 16 years since the installation of a free market in 1989/90.

It mainly resulted in an enlarged market for flower seeds, increased and concentrated breeding activities, increased export and import. The development of supermarkets and garden centres also forced new marketing activities. Many seed companies are now producing seed of Polish cultivars abroad and exporting seeds back to Poland.

Since 1989, overall Polish production of horticultural seeds (vegetables and flowers) has declined.

The main reason for this is the collapse of many horticultural-related state-owned businesses, such as large state units, greenhouse enterprises and municipal greenery companies, which used to form a large proportion of the sales market. However, surprisingly, the production of flower seeds has increased.

New elements

The flower seed sector has gained importance due to the development of new elements on the seed market (such as supermarkets, garden centres and transplant producers) as well as the rise in salaries and leisure time.

The availability of cheap vegetables all year round in the recently installed supermarkets has made the production of vegetables in allotments less important.

Nowadays only 50% of an allotment is under the production of vegetables and the remaining area is generally used recreationally, decorated with flowers, shrubs and trees, whereas 10 years ago almost 90% of an allotment was used for producing vegetables. Consequently, many seed companies, which used to sell only vegetable seeds, have recently diversified into flower seeds.

Today, the total number of flower seeds available on the Polish market is estimated at 50 tonnes, of which one half is being produced in Poland and the other half is imported from Polish and foreign companies.

Of these 50 tonnes available on the Polish market, at least 30 tonnes are produced by the Polish seed company W Legutko.

Areas of flower seed production within Poland are illustrated in figure 1 with the highest concentration of land under cultivation in the regions around the cities Wloclawek and Kalisz (both located in central Poland).

In Poland, seed companies hold contracts for seed production with many small-scale seed growers. These small scale production units of horticultural seeds are not legally bound to be registered, thus data for the total area of produced flower seeds is lacking.


However, increasingly seed companies are locating their flower seed production abroad due to close to optimal climatic conditions and often lower production costs (ie in the Mediterranean, China, India, South Africa and Tanzania).

The favourable climatic conditions enhance the quality of the seeds produced. These climatic conditions further allow the seed-to-seed method, whereas in Poland the seed-to-transplant method is essential, thus shortening the production cycle and labour input.

Additionally, in the case of seed production in developing countries cheaper production costs, especially the cost for labour, have been an incentive to locate abroad.

In China, these costs are drastically reduced: in Poland the hourly wage for a field worker is around one €1, whereas in China a field worker is paid €1.5-2 for eight hours.

The production chain can be described as follows: flower seeds are produced abroad or in Poland, then shipped (if produced abroad) back to Poland, next cleaned, graded and finally sold, mainly in bulk.

The purchasers then store the seeds and as needed repack them into small retail bags ready for shipment and re-exportation to many countries, including Poland.

This trend for the production of Polish ornamental seed cultivars abroad and an increase in imports of these back into Poland is predicted to increase in the forthcoming years, thus decreasing seed production within Poland.

Further the introduction of foreign cultivars imported by foreign seed companies onto the domestic market will most probably lead to a decline in the total area of flower seed production within Poland.

W Legutko is the number one in the Polish flower seed business. He has been selling every fifth flower and vegetable small seed bag in Poland. 45% of his turnover comes from selling flower seeds.


Sourcing of flower seed cultivars derives from Polish breeding programmes and purchasing cultivars from foreign companies. Due to the fact that ornamental breeding programmes are not subsidised (in contrary to vegetable and agricultural crops, such as cereals), these have to be financed by the companies' own money.

Therefore, the majority of Polish seed companies concentrate their breeding efforts on major agricultural and vegetable species, except the following seed companies: W Legutko, Polan and PlantiCo Golbiew.

Still, most of the major and minor Polish seed companies source their seeds from W Legutko, as he has the biggest range and compared to what is on offer from foreign seed companies much lower prices.

In the trading season 2003/2004, this company offered around 386 different cultivars, followed by Rekwiat with 160 (table 2).

Though Rekwiat offered the second biggest assortment of flower seeds in Poland it is only a flower seed merchant. W Legutko holds the leading position for flower seed breeding and production.

Poland has been following the latest trends in breeding ornamental plants. These are: increased focus on the creation of dwarf compact patio and house plants; developing cultivars with a shorter production cycle, ie life cycle, such as creating perennials which flower in the first year after sowing; introducing new colours, such as breeding blue bedding salvias, and the breeding of repeat flowering plants.

The authors

•Sophie Loftus is a BSc Horticultural Crop Production student at Writtle College, a partner institution of the University of Essex. She has been a work placement student at the Department of Seed Science and Technology of the Cieszkowski Agricultural University of poznan, Poland. Dr Roman Holubowicz is associate Professor and Head of the Department of Seed Science and Technology, Faculty of Horticulture, at the August Cieszkowski Agricultural University of poznan, Poland.


Flights to Poland

Novea - Business in Poland


Germany hopes to end pipeline row with Poland

German president Horst Koehler said yesterday he was confident a solution will be found to a row over Russian-German plans to build a Baltic Sea gas pipeline, a project fiercely opposed by Poland.

“Obvious differences in opinion concerning the gas pipeline will not only be discussed but also resolved in a constructive manner,” said Koehler at a joint press conference in Warsaw with his Polish counterpart Lech Kaczyński.

Russian energy giant Gazprom and German companies BASF and E.ON agreed in September, with the blessings of the two countries’ governments, to build a 1,200km (740-mile) natural gas pipeline underneath the Baltic Sea. The pipeline is due to come onstream in 2010.

Poland and its Baltic neighbours are opposed to the pipeline, not only because its route along the floor of the Baltic Sea deprives them of transit fees but also because they say it poses environmental risks and undermines their energy security.

“We very openly exchanged opinions on a number of important political topics. This openness is proof that relations between us are good,” said Koehler, who earlier Wednesday with Kaczyński opened an international book fair in Warsaw.

Kaczynski said relations between Poland and Germany were heading in the right direction, but added that there were differences.

“There are questions where our opinions diverge, but the general direction is positive. I personally wish relations to be as good as possible,” he said.

Among differences of opinion, the Polish president cited plans to build a centre of remembrance in Berlin for Germans who were expelled from Polish territory after World War II in reprisal for the Nazi invasion of Poland. Warsaw opposes the plans.

“We are going to continue discussing this centre, in the hope of finding a good solution,” Kaczyński said. – AFP

Source: Gulf Times

Flights to Poland

Novea - Business in Poland

Kazakh Senate delegation visited Poland

Kazakhstan representatives met with the leadership of both chambers of the Polish Parliament, Senate and Seym, President’s Administration, Security Council, Senate Committee for Foreign Affairs, Seym Interparliamentary Group for Cooperation with Kazakhstan, and MFA.

Poland is one of the leading economic partners of Kazakhstan in Central and Eastern Europe, Bizhanov stated. The parties noted onward growth of Kazakhstan-Polish commodity turnover. For the past year it exceeded USD 700 mln. Interest in development of collaboration in innovation and technologies, machine building and processing industries was displayed there.

Bizhanov told about political reforms, activity of the State Commission on Democratic Reform Program's Development and Specification, elaboration of civil society development concept, and consolidation of civil society’s institutions.

Speaker of the Polish Parliament’s upper chamber was interested in domestic situation highlighting a need for deepening democratic reforms in the context of Kazakhstan’s intention to preside over OSCE.

Senate chairman expressed interest also in widening and deepening economic ties, especially in energy and defense, small and medium business, transport and transit. He hailed Kazakhstan’s purpose to join the World Trade Organization.

Flights to Poland

Novea - Business in Poland

India, Poland sign agreement on economic cooperation

India and Poland have signed an agreement on economic cooperation and set a target of increasing bilateral trade to one billion dollars in next few years.

The agreement was signed between Commerce Minister Kamal Nath and Polish Economy Minister Piotr Grzegorz Woźniak in Warsaw, an official release said.

The pact seeks to enhance cooperation in the areas of mining, oil and gas, energy, geology, industry, information and broadcasting , transport, marine affairs, housing and tourism and agro and food processing.

The Polish government also agreed to liberalise visa norms for Indian businesses as a step towards strengthening trade and economic cooperation between the two countries, the release said.

Nath said India sees Poland as the gateway to eastern Europe and added that out of India's total merchandise trade of 250 billion dollars, trade between India and Poland was just 600 million dollars.

During his visit, Nath also met Polish Prime Minister Kazimierz Marcinkiewicz and invited him to visit India with a polish business delegation.

Flights to Poland

Novea - Business in Poland

FX Energy Begins Production Facilities Construction in Poland

FX Energy, Inc. reports that construction has started on the Zaniemysl gas field production facilities in the Company�s Fences I project area in Poland. Gas production from the Zaniemysl field is on schedule to begin in the third quarter of this year.

The Company also provided an update on operations in other projects in Poland.

The Wilga gas/condensate field production facilities are scheduled to begin construction in early July with production from the well to begin in the third quarter.

Following a technical review of the 2-D data over the Winna Gora structure, the drillsite has been moved. As a result of this change, all permits had to be reissued and the well is now scheduled to begin drilling in July.

The Roskow-1 well in the Fences II project area has been proposed for drilling with operations expected to begin in the third quarter.

A 130 square kilometer 3-D seismic acquisition program over the Sroda area has been approved for this year, with field operations scheduled for the third and fourth quarters.

A 2-D seismic acquisition program in the Lubinia area and a second 2-D program north of the Sroda 3-D in the Fences II project area have been approved and will start immediately.

A technical meeting has been scheduled for late June to consider either new drilling or 3-D seismic in the Pinch-out area in Fences I as a 2006 operation.

Flights to Poland

Novea - Business in Poland