Poland stops work on bypass for now

Poland has backed down for the moment on the controversial Augustow bypass, saying it will not resume construction work until its dispute in the European Court of Justice has been resolved.

Work was stopped for the nesting season of certain birds protected under EU habitats legislation, but this was due to end on 31 July, and the Polish government had said it would resume building work on 1 August.

But at the end of July, the Commission requested an emergency court order against work continuing, and obtained an official declaration from the Polish government that it would not resume work. The Polish prime minister Jaroslav Kaczynski confirmed this, saying there would be no construction work in the Rospuda valley “until Poland wins the case”.
Source: transportenvironment.org

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EU will check if Poland breaks cod fishing ban

The European Commission has announced it will conduct a special inspection in Poland, to check if Polish fishermen are really going to break the EU ban on cod fishing.

Polish fishermen say they will ignore the EU imposed ban on cod fishing, because they haven't exceeded the quota yet and they are at risk of going bankrupt if they stop the business now.

Brussels insists Poland has exceeded the quota. Polish authorities have presented documents to the contrary, but the EC has not changed its decision.

If the EC reveals that the ban on cod fishing is broken, Brussels may sue Poland at the European Tribunal of Justice.

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China's Huawei wins contract from Poland's Centertel

Huawei Technologies Co Ltd, a China-based telecom network equipment provider, said it has been awarded a universal mobile telecommunications system (UMTS) and high-speed packet access (HSPA) contract by Poland's Centertel.

Over the next three years, Huawei will deploy infrastructure that will aid Polish firm's customers in accessing third generation mobile services and mobile Internet.

Financial details of the contract were not provided.

Source: forbes.com

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Poland's president signs into law bill on Euro 2012 soccer games finals

Poland's president Lech Kaczynski on Wednesday signed into law the bill on the 2012 European soccer games finals.

The president said he signed the bill "in the limelight" because of the significance of Euro 2012,Polish PAP news agency reported.

On September 7 Polish Sejm, or the lower house of the Parliament, voted overwhelmingly in favour of the draft giving special powers to the government to prepare necessary facilities for the 2012 European soccer games finals, to be played in Poland and Ukraine.

Last week Polish sports minister Elzbieta Jakubioak said that one billion zlotys (360 million U.S. dollars) will be spent to build a national stadium in Warsaw and 400 million zlotys(144 million U.S. dollars) each to build each of the three regional stadiums needed to host the games of the 2012 Euro soccer championships.
Source: english.people.com.cn

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EC President Barroso to visit Poland Thursday

European Commission (EC) President Jose Manuel Barroso will visit Poland Thursday, Polish news agency PAP reported.

Barroso is scheduled to meet with Polish Prime Minister Jaroslaw Kaczynski, before meeting with Civic Platform party leader Donald Tusk, head of Democratic Left Alliance Wojciech Olejniczak and former Polish President Lech Walesa, according to PAP.

After the meetings, Barroso will attend a conference by the European People's Party and European Democrats, PAP said.
Source: english.people.com.cn

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Poland wants its migrants to come home: president

Poland is planning new steps to try to tempt home some of its estimated 1.2 million citizens who have moved to other European Union nations, President Lech Kaczynski said Wednesday.

"Our main goal is to get as many of them as possible to come back to their homeland," Kaczynski told reporters after a meeting focusing on ways to reverse the huge wave of emigration the country has faced since it joined the bloc in 2004.

Polish authorities are particularly concerned about the demographic, social and economic impact in this country of 38.2 million people because the average age of current emigrants is 26.

The top destination for Poles is Britain, which was among three older EU member states, along with Sweden and Ireland, to open its doors immediately to workers from the eight former communist states, including Poland, that joined the EU three years ago.

Estimates for the number of Poles now living in Britain range from 300,000 to 600,000.

British studies have shown that 20 percent of Polish migrants there have no plans to go home, a similar proportion are considering settling permanently, and the remaining 60 percent are undecided.

"We need to convince as many as possible of that 60 percent that their place is in Poland," said Kaczynski.

Other west European EU members have also begun lifting their restrictions, providing further opportunities for would-be emigrants.

Labour Minister Joanna Kluzik-Rostkowska said that a series of measures were in the pipeline to help smooth the way for Poles who want to come back, mostly related to the job market, family policy and education.

Among the new moves, she said, authorities plan to organise job fairs abroad to raise awareness of opportunities at home, as well as strengthen a network of Polish schools abroad in a move to ease the return of migrants with children.

Source: eubusiness.com

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Britain's HSBC Investments enters Poland with umbrella fund

UK-based HSBC Investments will shortly enter the Polish market, where it will distribute over 40 subfunds of its umbrella Global Investment Fund, company officials said Tuesday.

"We will start distributing the first 11 funds within the next two weeks," Piotr Klinowski, the head of HSBC Investments' investment funds department, told a press conference. "The remaining 40 funds will be available on the Polish market within the next six months. We hope to add at least another subfund to our portfolio this year."

The 11 subfunds with which the company will start its Polish operations will include five Asian equity funds as well as an emerging markets equity fund.

"These funds offer rates of return at a similar level as the equity funds on the Warsaw Stock Exchange did in the last few years," Klinowski said.

The company hopes its fund will help it become a notable force in Poland and expects to become one of the top three foreign investment funds in Poland within the next two-three years.

HSBC Investments is HSBC's investment platform. Its global assets amount to USD 216.8 mln.

In July, HSBC launched banking operations in Poland, marketing its credit cards to Poles and launching a website in Polish. By the end of this year, the bank expects to launch online banking, personal accounts and mortgage loans in the country.


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Poland to invest US$400 mln in South Sumatera coal project

Jakarta (ANTARA News) - Polish investors are preparing to sink US$50 million in South Sumatra`s Air Laya coal project in Buki Asam and are also interested in a US$350 project to build a 90-km railway track to connect economic centers in the province, the Foreign Ministry said.

An official statement issued by the Foreign Ministry here on Tuesday said the Polish investors` intention to invest in South Sumatra surfaced during a meeting between Indonesian Ambassador to Poland Hazairin Pohan with a Polish investor, FAMUR International Trade SB, in Warsaw last week.

The mining area of the Air Laya project was initially an open pit mining area but now the project has turned to be an underground mining at a depth of about 100 meters.

It was believed that at a depth of 150 meters there were coal deposits with high quality.

The Indonesian ambassador and FAMUR S.A. are holding talks with the Polish government on the funding scheme of the US$50 million worth project.

"Ideally the funding is in the form of soft loans provided by the Polish government. Based on a G-to-G investment format, projects of this kind could be financed with soft loans in a binding assistance project form," Ambassador Pohan said.

He said that the Polish government had expressed its readiness to finance the project. The Polish government`s readiness was reached in a meeting between the ambassador and the Polish finance minister sometime ago.

FAMUR S.A is not a new player in Indonesia because it has so far cooperated with a number of foreign investment companies, for example, in the Barito Line project in Central Kalimantan worth one billion US dollars.

FAMUR is also preparing to mine nickel and copper in various regions in Indonesia.

Other Polish mining company, KOPEX SA, is negotiating a business scheme worth US$1 billion for a coal mining project and the development of a steam-fired power plant (PLTU) in South Kalimantan.

Together with its partners, KOPEX is expected to sign an initial contract woth US150 million.

Accoring to temporary results of KOPEX`s survey, South Kalimantan now sits on an area which keeps about 250 million tons of coal deposits. (*)
Source: antara.co.id

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INTERVIEW Poland's Wojtyna worried on budget, one more hike possible in 2007

WARSAW (Thomson Financial) - Polands central bank may raise interest rates once more this year but the path of policy next year is unclear and it is too early to say whether expectations of more tightening in 2008 are justified, a central bank policymaker said.

Andrzej Wojtyna, a moderate on the 10-strong council who has voted for rises in rates this year, told Thomson Financial News he was increasingly concerned by rises in public spending promises ahead of general elections in October.

He warned more loosening of fiscal policy could force the bank to tighten monetary pursestrings further.

For now, he said price pressure likely to result from strong, steady growth in wages was more important to policymakers than a surprisingly sharp dip in inflation in August.

'Taking into account inflationary pressure I believe that one more rise this year is possible,' Wojtyna said.

Asked if more tightening would be needed in 2008, he said: 'At the moment we do not know. We cannot say for sure that markets' expectations on rates will actually show up in the form of further hikes.'

Most analysts expect the bank to make one more rise this year and follow it with two more 25 basis point hikes in the first half of 2008. It has raised its main rate 75 basis points this year to 4.75 pct.

Asked if it was possible one more hike would be enough, Wojtyna said: Its difficult to say. We have elections in front of us, we will see what government comes out of them and what economic program they put forward. Neither do we know what will happen externally.'

Polands conservative government has upped its long-term spending commitments next year ahead of polls on Oct 13, including a 6.5 bln zloty tax break for couples with children.

Markets have been buoyed by a deficit undershoot this year, but analysts warn the rise in stiff spending commitments in the budget stores up trouble for any slowdown in growth in years ahead.

'In an election year, the risk is rising of overly expansive budget policy,' Wojtyna said. 'It would be good if changes like the rise in pro-family tax breaks were accompanied by pro-reform moves.

'It would not be good for budget policy to become yet more expansive, since this would make it necessary to raise rates further, and result in a sub-optimal policy mix of overly restrictive monetary policy and excessively expansive budget policy. This may generate unneeded tensions in the economy.'

Wojtyna said he was concerned by recent rises in Polands previously low current account deficit against a background of increased volatility on global financial markets.

He also saw risks of continuing rises in food prices, one driver of higher inflation this year, and said the bank would have to remain vigilant to avoid second-round effects on other prices.

'The structure of spending is also important; food is still an important part of the inflation basket,' he said. 'Some experts believe that rises in prices (this year) do not have to be one-offs, they may continue next year.'

Yet he also gave credence to many of the arguments of the councils dovish arm, who argue that rising competition and an investment boom dating back more than a year may cool inflation next year.

'Wages and inflation pressure are rising. But investment has been rising strongly for more than two years. From the demand side, investments should already have a positive effect in terms of rises in labour productivity, lessening inflation pressure, he said.

'However, we do not know which factors will win out and what will be the final net effect in 2008.'

Source:By Patrick Graham, forbes.com

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Poll: working conditions get better in Poland

The situation at the Polish job market is getting better and so is the situation of workers.

This is according to recent research by the public opinion research center (CBOS). According to the data, employers are treating the employees much better.

Workers' rights are respected and nearly 95% of employees say they get paid regularly. Less and less people are forced to work overtime.

Over 70% of the workers polled were of the opinion that if the unemployed want to get a job, they will find it. Only 13% consider unemployment a real social problem.


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AgustaWestland To Market NHIndustries NH90 In Poland

AgustaWestland is pleased to announce that, together with other NHIndustries shareholders Eurocopter and Stork Fokker, it has been agreed that AgustaWestland will lead the NH90 marketing campaign for the upcoming Polish Tactical Transport Helicopter requirement. The NH90 has established itself as the NATO standard helicopter of the 21st century. Designed by NATO for NATO it is making a significant contribution towards interoperability between European Armed Forces and their overseas allies for NATO and UN missions. Additionally it contributes to fleet standardisation and rationalisation in terms of training and logistics.

The NH90 has a composite crashworthy fuselage with a constant cross-section cabin capable of accommodating up to 20 equipped troops. Power is supplied by two General Electric/Fiat Avio GET700/T6E1 or two Rolls-Royce/Turbomeca RRTM322-01/9 turboshaft engines giving the aircraft excellent performance in all operating conditions. All the main vital systems are multiple redundant including the first ever full Fly-By-Wire flight control system on a helicopter. A comprehensive list of role change equipment suitable for the main and complementary missions is available enabling the NH90 to perform many operations including troop transport, casualty evacuation, logistic support and Combat Search And Rescue.

Beyond the outstanding capabilities of the NH90, this European solution will also be highly beneficial to Polish Industry due to the already existing wide cooperative experience of NHIndustries Partner Companies in Poland. AgustaWestland has developed strong industrial links with PZL-Swidnik since 1996 in the manufacture of various AgustaWestland products. The twin-engine, medium-size NH90 helicopter programme, provided by NHIndustries owned by AgustaWestland, Eurocopter and Stork Fokker, is the largest ever launched in Europe, with firm orders now reaching 495 units to equip and modernize the Armed Forces of France, Germany, Italy, The Netherlands, Portugal, Finland, Norway, Sweden, Greece, Spain and Belgium in Europe as well as Oman, Australia and New-Zealand overseas. Final negotiation steps are yet under process with several other Defence Forces to secure contracts concerning additional NH90, both in the Tactical Transport and Naval versions.


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Vietnam should be Poland's strong partner in Asia: Polish PM

“We discussed economic cooperation which develops very dynamically, we spoke about boosting it further in a short time to secure turnover of at least 500 million U.S. dollars annually.”

Vietnam should be Poland's strong partner in Asia, Polish Prime Minister Jaroslaw Kaczynski said Friday after his talks with visiting Vietnamese Prime Minister Nguyen Tan Dung.

Poland and Vietnam enjoy good relationship and Vietnam is an important Asian country, with its fast growing economy and fast growing exports, Kaczynski was quoted by Polish PAP news agency.

The talks between the two sides focused on political cooperation between the two countries which is "good and effective, " Kaczynski said.

"We discussed economic cooperation which develops very dynamically, we spoke about boosting it further in a short time to secure turnover of at least 500 million U.S. dollars annually." he said.

Other topics of discussions between the two leaders included military cooperation, cooperation in education and culture, the situation of the Vietnamese residing in Poland and human rights.

Nguyen Tan Dung said that the aim of his Polish visit was to " boost Polish-Vietnamese cooperation in all spheres."

He stressed that Poland will continue to offer Vietnam a credit for the development of the Vietnamese ship industry with Vietnam in return buying Polish equipment.

Nguyen Tan Dung started his three-day official visit to Poland on Thursday.


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World Bank in Poland

The World Bank has announced that it will change its investment strategy for Poland as it is no longer a poor country.

World Bank projects will be more selective and the era of large investment to modernize roads has come to an end. The bank has suggested future projects will involve reform of public finances, the health system, education, road safety and environmental protection.

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Poland Intends To Engage In Coal Mining Sector In S. Sumatra

AKARTA, Sept 17 (Bernama) -- Polish FAMUR International Trade S.A. firm, has intended to invest US$50 million (US$1=RM3.48) in a coal mining project in Air Laya area in Bukit Asam district in South Sumatra, Indonesian Ambassador for Poland Hazairin Pohan has said.

Indonesian and Polish officials including FAMUR International Trade S.A. president Rafal Rost had already discussed the plan which was held on the sidelines of SIMEX mining equipment and metallurgy international exhibition in Katowice last week, Pohan said in a statement made available to ANTARA here Monday.

SIMEX Fair 2007 which was participated in by 100 mining equipment producers from German, Britain, Italy, Russia and Poland was one of the Europe's largest mining industrial expo.

The Air Laya coal mining project was an open pit but now began to be turned into an underground mine where miners had dug the earth down to 100 meters.

Pohan was quoted as saying high calorie coal could expectedly be found 150 meter below the soil.

FAMUR S.A. has so far engaged in Barito Line project in Central Kalimantan where the Polish firm has invested $1 billion to build a new railway system, replacing the 150-year old one.

FAMUR has been preparing a program to develop nickel and copper processing firms in many places in Indonesia.

Therefore, FAMUR as well as the Polish and the Indonesian governments had been had been discussing the program to implement the project which would need an investment value amounting to $50 million.

Pohan has encouraged FAMUR to participate in a development project of a 90-km long railway which would connect economic centers to Tanjung Api Api port in South Sumatra.

"If the $350 million worth of railway project is agreed by the Polish government, South Sumatra administration will have a big chance to build an inner seaport in the future," Pohan was quoted as saying in the Indonesian news agency.

Another Polish firm, KOPEX S.A. has also intended to engage in a coal mine project in South Kalimantan.
Source: bernama.com.my

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Orkla to sell Superfish ops to Poland's Graal for 10 mln zlotys UPDATE

(Updates with sale price)

OSLO (Thomson Financial) - Orkla ASA (other-otc: ORKLY.PK - news - people ) said it is to sell its frozen and tinned fish operations, known as Superfish, to Poland's Graal in a deal worth 10 mln zlotys.

'Under the agreement, Graal is to take over all the shares in Superfish,' Orkla said.

While Orkla declined to reveal the value of the deal, Polish fish tin maker Graal put a value of 10 mln zlotys on the agreement.

Superfish, which is part of Orkla's Branded Goods division and owned by Orkla's Abba unit, has been extensively reorganised since the Norwegian conglomerate took over in 2000, it said.

However Orkla said the reorganisation has been insufficient to convince it that the business has a long-term future.

'We are not satisfied with the financial growth and market position that we have achieved on the Polish market,' said Uwe Birkkjaer, managing director of Orkla Foods CEE.

'We therefore believe that a new owner who already has substantial operations in this category can help to enhance the company's future possibilities on the Polish market,' he added.

Superfish specialises in the manufacture of frozen, refrigerated and tinned fish products in Poland, under the Superfish, Abba and Barka brands.

It has two modern factories located in Kolobrzeg in northern Poland, and last year posted sales of approximately 250 mln nkr.

The deal has yet to be approved by Poland's competition authorities.

Source: forbes.com


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According to the World Bank Poland is a rich country

The relations between Poland and the Word Bank (WB) will change. There will be no more money for roads, but instead the bank will advise where to find them. Poland is no longer a poor country whose government has no funds for investments.
"As the EU member Poland has an access to significant financial funds, and it is the Union and its institutions that shal become Poland's key partners. Therefore our ralations with the government will now focus rather on passing our knowledge and providing expert opinions", says Oscar de Bruyn Kops, the new WB Country Manager for Poland and the Baltic States.

Less money
In recent years thanks to the WB loans the number of kilometres of modernized roads has grown from 200 to more than 1,000. However, now the WB projects are expected to be more selective.
"The financial engagement cannnot be be as high as it used to be. Still, it is to be decided by our client, i.e. the government, what sectors are the top priorities. As for the roads we can offer help with public and private projects as we have experience in this field. Moreover, the private sector can be supported by our IFC, and we can also help in getting funds rom the EU", says Oscar de Bruyn Kops.

Better judiciary
WB offers help in reforming the juducial system.
"It is about improving the effectiveness of courts, allocation of cases, better clarity and informatization. Similar projects were carried out in Slovakaia and Russia", says the head of the Polish section.

A list of challenges
Oscar de Bruyn Kops thinks that introduction of the WB projects in Poland is going pretty well and more than 80 per cent of them are perceived as satisfactory.
However, he the bank is facing many challenges, such as licence issuing, taxes, infrastructure, public finances, the influence of demographic changes on the pesion system,insurances, and many others.
"I dare say the World Bank knows Poland quite well ans we would like to combine our experience with this knowledge. We would wish to cooperate not only with the government but also with local authorities who want to succeed", stresses Oscar de Bruyn Kops.
Source: pulsbiznesu.pl


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