On April 15, a business meeting with entrepreneurs from China, has been held in the information center of the PAIiIZ. This time, the agency hosted business delegation from Shanghai.
The delegation included representatives from 10 companies in the following business sectors: furniture, bicycles, automotive and new material manufacturing, aircraft industry, insurance, real estate, health care, tourism, fossils conversion, food importers, counseling. There were also representatives of industry parks. Both, Slawomir Majman, the president of the PAIiIZ, as well as Arkadiusz Bak. undersecretary of Ministry of Economy, expressed positive opinions about the potential of fruitful cooperation between Poland and China. The president has laid stress on polish economy and its advantages, among the others drawing attention to the quality of work.
Poland’s agri-food industry has high producing potential. The agricultural sector of Poland is getting stronger too. The evidences the changes in these industries can easily been seen from the analysis reports, which show the significant growth of the export of food processing related goods during the last 10 years of Poland’s membership in the EU.
According to the minister Sawicki, polish exporters should cooperate in order to increase the food export. There are such perspective foods for producers as: sweets, milk and meat. The president of the PAIiIZ emphasizes that the priority activity in promotion of Poland in China is to support the polish businesses in agri-food industry.
International contacts provided by local government support Poland in reaching "politically difficult" countries, helping to break the ice and initiate multidimensional cooperation, said jointly participants of the seminar entitled, "Local government diplomacy - efficiency and directions for the future”. The meeting was attended by the PAIiIZ president Sławomir Majman.
Secretary of State in Chancellery of the President of the Republic of Poland, Olgierd Dziekoński marked that the internationalization of the Polish economy can’t be done without the engagement of local government. As he said it is a key element of further development of Polish economy. He also argued that local government is a natural and very effective supporter of small and medium-sized enterprises, which generate over 50% of Polish GDP.more...
Polish - German Chamber of Industry and Commerce (AHK) published the results of the 10th Survey on investment attractiveness of CEE countries. For the third time in a row, Poland has been named as the best investment location in the region. “The real challenge is not to win one gold medal but to win it three times”, commented PAIiIZ president Sławomir Majman.
The investment attractiveness of CEE countries was surveyed among 116 foreign companies active on Polish market. Finally Poland scored 4 points and took over the Czech Republic by almost one point (3.1 points), and others leading countries as Estonia (2.97 points) and Slovakia (2.96 points).more...
According to the Financial times reports based on anonymous sources, the biggest mobile operators in Europe are considering the possibility of launching cross-European mobile telephony network.
The discussion, which is currently in its initial phase, is supported by European Commission, which endeavors to unify the European Union markets.
Approximately 200-250 millions of PLN will be expended on building of the headquarter of World War II Museum, which will be founded over the Motlawa river in Walowa street in Gdansk.more...
Electronic toll collection system viaTOLL has been operating since July 3, 2011 and covers about 1900 km of roads. A total of 1.2 milliards of PLN has been paid for the services until the end of October of this year. Vehicles under 3.5 tons and all buses notwithstanding the weight are required to be paid for on selected motorway sections and expressways, which are regulated by General Directorate for National Roads and Motorways.
According to Government Information Centre reports, the new regulation, there will be fares introduced for the following sections: A1 motorway, between Pyrzowice and Sosnic junctions, Kotliska and Strykow junctions, as well as on expressway S1 between Pyrzowice and Airport junctions, on expressway S8 between Pawlowice and Dabrowa junctions, Ciesle and Sycow-Wschod junctions and Modlinska and Pilsudskiego junctions. There are 140 km of roads in total.
It was a day of expectations what information the Federal Reserve would provide. Some news made glad whereas some disturbed. As a result small variability of indexes occurred in New York.
Markets focused on the message of the Federal Open Market Committee. From the beginning, there was little variation and the indexes oscillated around Tuesday's closing levels. Slight increases in New York began after FMOC Communication which has decided to extend the operation Twist by the end of the year. Interest rates were not changed. Operation Twist which consists in swap short-term government bonds for the long-term will last longer. This is designed to reduce the profitability of long-term securities, which will encourage banks to lower mortgage rates and boost the property market.
Sudecki Association of Employers was founded in 1992. Among its the main activities are representing and protection of interests of united members before labor unions, governmental and state institutions as well as local governments. The union takes part in such activities as designing and starting new businesses, which aim is reduction of unemployment. It also collaborates with institutions, which mission is preparation and granting regional businesses beneficial conditions, so that they would be able to compete with other companies on the European market. It support companies in applying and acquiring Structural Funds.more...
One of the reasons of the downturn in economy growth is the drop in internal consumption. Polish society is getting poorer and people can afford less and less. In the meantime, according to the latest information the growth of salaries of the board of directors in join-stock companies in 2011 increased in 18%, and the growth of salaries of these companies’ chairmen increased in 20 percent. Apparently, there is no social solidarity in Poland. Social differentiation is slowly and systematically deepening. According to data from 2008 – 20 percent of the richest part of Polish society is 5,1 times richer than 20 percent of the poorest part of this country. If we take into consideration data relating to the growth of salaries, the increase in disproportion will be more obvious.
Shares in Shanghai cheaper, because the Chinese industry is shrinking the eighth month in a row.
The MSCI index for Asia-Pacific region fell from its highest level since the month by 0.4 percent, stock market indices lose in most Asian markets except Japan. Excluding Japan shares the loss on MSCI was 1.1 percent.
Investors biased against preliminary results of a survey showing that the Chinese industry is shrinking the eighth consecutive month as well as worse prognosis of the American central bank (Fed) on the rate of development of the world's largest economy, the United States.
With the Euro 2012 Poland and Ukraine refuted the stereotypes about themselves which were claimed by Western people, but for Poland tourists came less than expected, in the case of Ukraine it is not sure that Ukraine benefits from the championship – the Belgian daily "Le Soir" wrote on Monday.
It indicates that for Poland one of the objectives before Euro 2012 was "to dispel the old stereotype of the gray country and racism and to show it as a country with a modern, dynamic and hardworking." During the championships foreign press opinions "were the most enthusiastic and positive effect on tourism will extend in the coming years" - the daily forecasts.
Quoted by the newspaper inhabitant of Warsaw by the Polish-French descent, says that Euro 2012 is a "great victory for the Poles." "Now Poland dreams of World Championship organization" – the daily strikes in the title.
According to data of mBank Poles decide to incur a cash loan in the summer two times more than in the winter.
On the basis of ARC Market and Opinion, we know that at least every third bank customer asks for additional money for the renovation of an apartment or house. Due to the nature of expenditure, customers generally need a larger amount - Joanna Ostrowska explains. Joanna Ostrowska is responsible for the area of cash loans in mBank.
According to research of ARC Market and Opinion, for nearly 40 percent of people who decide to take out a cash loan, the money was not spent for a holiday but for the renovation of a house or apartment.
Indicator of Pengab banking boom went up by 0.6 points to 23.2 points in June– information was claimed by the Polish Bank Association and TNS Poland.
The cumulative index of ratings went up by 4.7 points to 21.1 points but the rate forecasts fell by 3.6 points to 25.2 points.
Improving the economic situation was observed in less than a third of bank branches. In relation to the May projections in this area deteriorated.
Indicator of economic climate (WOKKB) decreased by 5.2 points in comparison to May and now stands at 24.1 points, the indicator had dropped only in banks with majority of foreign capital. The largest increase was recorded by co-operative banks (by 4.7 points).
Today Agency downgraded the long-term assessment of the credibility of the Cypriot papers from BBB- to BB+ and short-term from F3 to B. The prognosis is negative.
"Lowering the rating reflects a significant increase in the capital which banks in Cyprus need, in comparison with the assessment of January – we read in communication of Fitch Group. The Agency adds that apart from 1.8 billion euros which are necessary for Cyprus Popular Bank it also needs up to 4 billion for recapitalization of other financial institutions on the island.
Even in case Greece remains in the euro area, Cyprus banks will suffer losses in the intermediate perspective. The reason will be a recession in the economy - Fitch analysts wrote.
They estimate that this year the national debt exceeds 100 percent of GDP but budget deficit – 3.9 percent of GDP.