Polish business sponsors culture

The award ceremony of the 1st edition of the ‘Polish Culture Benefactors’ competition was held at the Royal Castle in Warsaw on November 26. The competition is a joint initiative of the Royal Castle and the Ministry of Culture and National Heritage.

This year’s winners are: Bertelsmann Foundation and Monika and Janusz Palikot Foundation (category: Benefactor), Polish Digital Telephony and PZU S.A., Insurance Company (category: Sponsor), Olsztyn Newspaper (category: Media Patron). The winners were selected from 172 applications by a Jury appointed by Bogdan Zdrojewski, Polish Minister of Culture and National Heritage, consisting of Barbara Borys – Damięcka (Theatre Managers Society, Chairman), Agnieszka Morawińska PhD (director of Zachęta National Art Gallery), Andrzej Rottermund (director of the Royal Castle in Warsaw), Andrzej Wajda (Oscar winning world-famous movie director) and Antoni Wit (conductor, director of the National Philharmonic in Warsaw).

The title ‘Polish Culture Benefactor’ – a statuette and a diploma – is the highest distinction

awarded to persons and institutions supporting Polish cultural projects. The objective of the competition is to bring out the role of institutions and private people in supporting and developing the cultural life in Poland and popularizing financial support to culture from sources other than state budget.

The award is granted in three categories:

• Benefactor - for co-creating collections, depositing work of art, donating buildings and lots or rendering them accessible for cultural aims, continuous co-sponsoring institutions or recurring cultural events, funding prizes, scholarships, establishing foundations or cultural institutions, supporting renovation of a castle as seat of a cultural institution, renovating works of art, funding technical equipment for institutions of culture, gathering own art collection.

• Sponsor – for financing an exhibition, performance, event, festival, competition, art camp, publication etc.

• Media Patron

MP

Polish Market

ECONOMIC MONITOR

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• ● In December 2009 and January 2010, as in previous months in the second half of 2009, the Polish economy stood out against other countries in terms of GDP growth. Poland’s economic growth was higher than projected and higher than in other European countries.
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• In 2009 construction output increased by 3.7%.
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• Retail sales increase in most product groups.
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• On the Warsaw Stock Exchange, stock prices were very volatile in January 2010.
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• At the end of December 2009 the registered unemployment rate (claimant count rate) amounted to 11.9% versus 11.4% in November.
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• At the end of January the president signed the 2010 budget bill into law. The bill was adopted by the parliament on December 18.
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• In the fourth quarter of 2009 the Polish economy turned out to be more resistant to the global crisis than had been projected and than the economies of Polish neighbours, something which boosts optimism in forecasts for 2010 and the next years.
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WEEKLY MARKET ANALYSIS

Retail sales up again in June
Retail sales growth in nominal terms accelerated in June to 6.4% y-o-y from 4.3% y-o-y in May. The increase was higher than expected. In real terms, retail sales growth accelerated to 4.5% y-o-y from 2.0% y-o-y. June was a consecutive month with retail sales figures stronger than expected, which indicates that consumption is recovering after it slowed significantly at the beginning of the year. Private consumption is driven by an improvement on the labour market coupled with a rise in disposable incomes. In Q2 2010 retail sales grew by around 3% y-o-y in nominal terms and around 1% y-o-y in real terms. On the basis of retail sales and industrial production data, it can be estimated that the GDP growth rate was close to 3%.

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