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EDUCATION
No 2 (138) SPECIAL EDITION February 2008 (Selected material from print issue)
FROM THE EDITOR
Intro
OUR GUEST
Special relations
Culture as a recognisable brand
POLES AND JEWS TOGETHER
Distant cousins
Best friends
Our cultural roots are here
Keeping in touch
18 years and a new century
Facilitating mutual understanding
Looking after holy sites...
New winds
Hanna Gronkiewicz-Waltz Mayor of Warsaw
POLISH-ISRAELI TRADE
More than meets the eye
Polish-Israeli economic relations
Welcome to Poznań
Wielkopolska hedges its bets on the economy
The Wielkopolska Region
Israeli investments on the Polish market
POLISH YEAR
The Polish Year in Israel 2008/2009
CULTURAL ROOTS
Singing and dancing Kazimierz in Kraków
Preserved words
Polish Market
ECONOMIC MONITOR
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As in other “new” EU countries, the slowdown in economic growth visible in Poland in the first half of this year was milder than in the euro zone and the United States.
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Industrial production growth in May was lower than expected, however not due to diminished demand for products but because of two bank holiday weekends.
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In June 2008 the outlook for the manufacturing sector was positive
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The successive months of 2008 show that the present high growth in construction can be sustained provided that barriers hampering the sector are gradually removed.
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Services – a fast-rising economic sector.
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The first half of 2008, especially the 2nd quarter, witnessed rising consumer prices.
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Exports, imports down
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Employment up, unemployment down
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Budget deficit in first half of 2008 smaller than last year
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The National Bank of Poland inflation report contains economic policy recommendations for the coming years.
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PODCAST
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What lengths will John Cleese go to to get a loan at a Polish bank?
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Nowa Huta sells Stalinist architecture
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Sky-high property prices for immigrant Poles in UK
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Polish nurses for ageing Israelis
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Get gothic in Torun
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Polish Market against climate change
COMING UP
21st World Mining Congress
>>
The 3rd edition of The Best Annual Report 2007 competition
>>
WEEKLY MARKET ANALYSIS
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The release of retail sales data for July and a decision on interest rates will be the most important developments on the financial market this week. We expect that retail sales rose in July by 15.1% y/y while the market consensus is 14%. We also believe that interest rates will remain unchanged in August but will be raised later in the year. Although the rate of economic growth slowed, which is an argument for those who oppose any further tightening of the monetary policy, a majority of the Monetary Policy Council members may decide to raise interest rates once again this year because inflation is still high, running much above the target, and wages grow faster than labour productivity.
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MARKET INFO
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