NEWS
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IN THE SPOTLIGHT
Numbers in the News
€109 billion
Poland’s storms
is the cash injection the EU and IMF’s new bailout program will give Greece
A 65 year-old man who lives in an affluent Kraków neighborhood, was severely injured in a bomb blast in mid-July. This was the fourth such incident in Kraków within a three-week period. Investigators suspect that at least three of the incidents were motivated by hatred towards the rich, Dziennik Gazeta Prawna reports. The most recent bomb was triggered when the man picked up a piece of a plastic pipe that lay on his driveway.
Central Europe’s largest theme park will be built in Grodzisk Mazowiecki, 40 km from Warsaw. Work on the project is set to begin in spring 2012, Rzeczpospolita reported. An international consortium of private investors based in Luxembourg will spend €400 million on the scheme, which will include roller coasters, water slides and wave machines. Adventure World Warsaw will take up 240 hectares.
Israeli PM to visit Poland Israeli Prime Minister Benjamin Netanyahu is planning to make a quick stop in Poland on July 27, in an attempt to dissuade the Polish government from supporting the recognition of an independent Palestinian state, Gazeta Wyborcza reported, citing unnamed sources in Israel. ●
Quote of the Week
Figures in focus A closed society Percentage of the population made up of foreign citizens in 2010, selected European countries 50 43 40 *Provisional data 30 22 17.5
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Barbara G´dek
Piotr Marczak, a department director at the ministry of finance, expressed his satisfaction after the Polish Treasury sold z∏.3 billion in long-term bonds despite continuing market jitters due to the euro-zone crisis.
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will be financed by the state, regardless of whether the properties were insured. Law and Justice (PiS) party leader Jaros∏aw Kaczyƒski reacted by saying his party would be “very heavily involved” in helping the affected regions. He also appealed to Mr Tusk to take advantage of every opportunity to help the storm’s victims. The Ministry of Interior and Administration has since allocated money to help the two provinces. The Mazowieckie and ¸ódzkie voivodships each received z∏.1 million to help repair damage, while the ¸ódzkie voivodship, which was the most severely affected, received an additional z∏.3.6 million, on July 21.
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streets and houses, and even in the capital’s subway stations. Water levels in many rivers rose to dangerously high levels. In four voivodships (DolnoÊlàskie, Ma∏opolskie, Mazowieckie and Lubelskie) the surge of water reached alarm levels, while in three others (Kujawsko-Pomorskie, Wielkopolskie, Âwi´tokrzyskie) there were states of alert. The most recent storms came after a tornado hit Mazowieckie and ¸ódzkie voivodships earlier in July, damaging 790 roofs, felling hundreds of trees and tearing down power lines. Prime Minister Donald Tusk subsequently visited the village of Sady-Kolonia in Mazowieckie and promised to help victims, reassuring them that reconstruction of housing
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Brutal weather continued to batter Poland in July as violent storms left one person dead and five others injured. Torrential rain and gale-force winds damaged hundreds of houses in the most severely affected regions. In the Mazowieckie voivodship, a torn roof crushed a 30year-old woman, who died instantly due to head injuries. Broken and uprooted trees caused further problems, injuring one person in Warsaw and three others in the Gi˝ycko region (Warmiƒsko-Mazurskie voivodship). In total more than 1,000 trees were uprooted. Broken wires and damaged utility poles also caused power failures, leaving certain areas without electricity for days. There was also extensive flooding in many of Poland’s
“Poland is doing very well in this unstable landscape.”
urg
Plans for €400 million theme park
23% is how many Polish companies are planning to hire new employees in H2 of 2011
Lux e
Forty-seven percent of respondents to a recent CBOS opinion poll said that the ruling Civic Platform (PO) party would be re-elected into government after the fall elections, while 11 percent are of the opinion that the opposition party, Law and Justice (PiS), will take the helm. Of those who answered in favor of PO, 28 percent said they believed that the party would rule independently and 19 percent believed they would govern in a coalition.
2% was the year-on-year growth rate of industrial production in Poland recorded for June, much lower than expected
REPORTER
PO leading in survey
€400 million
is the amount a group of investors from Luxembourg are looking to spend on the construction of a massive amusement park in Grodzisk Mazowiecki
Sw it
Kraków bombs target the wealthy
JULY 25 – AUGUST 8, 2011
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2
Source: Eurostat
On WBJ.pl Poland’s Cambridge professor Last week, Polish-born scientist and newly appointed vice-chancellor of Cambridge University, Sir Leszek Borysiewicz, took part in the European Entrepreneurs Forum at the Warsaw School of Economics. He talked to WBJ.pl about science and education in Poland and what Polish universities can do to be able to match a university such as Cambridge.
Company index Alpine Bau....................4 Eviro............................19 PKP Cargo..................12 Apple ..........................23 Expander ....................19 PKP Energetyka ........12 ATEbank ......................7 Gold finance ..............19
PKP Intercity ..............12
Atlas Estates ..............17 Hochtief Polska..........19 PKP PLK ....................13 Atlas Group ................17 Home Broker ............18 Baltis Investment
HP ..............................23
PricewaterhouseCoopers 7
Group..........................17 Hydrobudowa ..............4 Real Finance ..............19
DATELINE CHARITY VOLLEYBALL TOURNAMENT
Event:
The main aim of the “Together Better” charity volleyball tournament is to raise money for the purchase of special medical beds at the Centrum Zdrowia Dziecka institute and to fulfill some wishes of terminally ill children. Location: La Playa Music Bar, Warsaw Contact: ewelina.karpinska@eu.jll.com
4-7
MARINE BOAT SHOW
Event:
“International exhibition of the water sports and recreation industries.” The exhibition will focus on advanced equipment and technologies related to water sports. Location: Warsaw International Expocentre
Ideum ........................23 Salomon Finance 18, 19
Krajowego ....................7 Itella Group ................14 Samsung ....................23
August 4
Bank Gospodarstwa
Bank Zachodni WBK....6 JEMS
EXPO XXI, Warsaw, Poland
Citigroup Global
5-7
ARABIAN HORSE DAYS
Markets ........................6 Layetana Developments
Event:
The Polish National Show is one of the most competitive displays of superlative quality equines to be found anywhere. Location: Janów Podlaski Stud www.prideofpoland.pl
COVEC ..........................4 Polska ........................18
20
GOLF & COUNTRY BUSINESS MIXER
Efect Doradztwo
Event:
The British Polish Chamber of Commerce is holding a business mixer with a golf tournament, providing an opportunity to promote business interests throughout Poland. Location: Kraków Valley Golf and Country Club, Paczó∏towice
Finansowe ..................19 Volksbanken-AG ..........7
SCALA IRP
Architekci studio ........16 Capital Partners ........16
Dom Kredytowy
SGI Baltis ..................17
Marvipol......................17 Transport Consultant’s
Notus..........................19 Neocity Group ............18 Group..........................13 DWR Finance ............19 Open finance ..............19 Unidevelopment ........19 Österreichische
Warsaw Stock Exchange................7, 17
EFG
PBG ..............................4
Eurobank Ergasias ......7 PGE ..............................4
X-Trade Brokers ..........3
Enea ............................7 PKO Bank Polski..........7 Xelion..........................19 Eurovia Polska ............4 PKP ........................5, 12 ZenithOptimedia ..........5