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WSE MARKET SUMMARY

• International Week In Brief - 20.02.2010

Information that got a lot of publicity on the markets was about FED decision, taken already after closing of Thursday trading session in Wall Street, about an increase of discount interest rate by 25 basis points up to 0.75 percent. At the same time (for the time being ?) the main interest rate was maintained at the level of 0.25 percent.
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ECONOMY

Second European Economic Congress in Katowice

During the three days of sessions (14th-16th April 2010), the city of Katowice will became a place for exchanging views and experiences as well as of debate for nearly 400 speakers, great personages of politics, business, science and economics.

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In support of intelligent power grids

A draft proposal for Intelligent Power Supply Networks will be complete by June 2009 as a financial instrument designed to implement state-of-the-art network solutions upgrading energy efficiency at the national scale. Implementation of the draft proposal was officially announced on 26 February 2009, during Energy, Efficiency, Environment Forum held at the National Fund for Environmental Protection and Water Management in Warsaw. Professor Andrzej Kraszewski, Polish Minister of the Environment, participated in the meeting.

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EU-China Economic Forum to be held in Kraków and Brussels.

With a growing acknowledgment for the need to diversify and to consolidate the linkage between economists, policy makers and practitioners from China and Europe, the need to establish a European Union-China Economic Forum arises. The Forum will serve as a high level platform, giving Chinese and European experts in the field of economy, politics and science an opportunity for in-depth research-based exchanges on global issues of mutual interest.

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Tangible effects

”We are continuing efforts to make the best possible use of the EUR67 billion allocated to Poland for the years 2007-2012. This is the biggest amount ever made available to a member country in the history of the EU’s Cohesion Policy”, said Elżbieta Bieńkowska, the Minister for Regional Development in an interview for Polish Market.

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Improvement yes, but the situation is still unstable

”Recent events have shown that public intervention in the economy has reached limits of its effectiveness”, observed Philippe de Buck, Director General of the BusinessEurope confederation addressing a press conference in Warsaw on February 16, 2010.

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A word of caution

Don’t expect that the coming years will be easy – Professor Witold Orlowski, Chief Economist of PricewaterhouseCoopers told a meeting of the Business Centre Club in Warsaw.

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Polish exports going strong

"We should intensify commercial cooperation with our neighbours to leverage the potential of Central and Eastern Europe”, Deputy Prime Minister and Minister of the Economy, Waldemar Pawlak told an Export Credit Insurance Corporation conference on Polish export in the times of global crisis.

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GIOS: honest companies have to push out dishonest players

‘There are five main areas in which we want to introduce significant changes this year’, Andrzej Jagusiewicz, the Chief Inspector for Environment Protection told journalists. ‘First of all we want to continue the reform of legislation concerning the institutions controlling environment protection. Secondly, we will focus on tightening the system of payments.

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