Mar 15 2010, no 431
15.03.2010, 14:59
Highlights from this issue:
TOP STORIES
- Investments start pouring back into retail properties (pages 7-10) The post-credit crunch freeze in Poland's retail property sector seems to have come to an end. In this issue alone we write about new developments worth more than half a billion euro.
- GDP up by 3.1% in Q4 2009 (page 2)
The Polish economy is recovering faster than expected, with GDP growth topping 3.1% in the last quarter of 2009. Net exports and-domestic demand both made a positive contribution to the growth.
- The Bogdanka coalmine goes private for PLN 1.1bn (page 14) The government stays true to its word and keeps selling state-owned enterprises at a fantastic pace. In early March, a 46% stake in Poland's most profitable coalmine Bogdanka was sold to financial investors and the Treasury has another PLN 20-25bn worth of assets to sell this year.
MANUFACTURING
- Polish economy expands by 3.1% in Q4 2009
- Indesit & Electrolux bet on R&D while market shrinks
- Major cosmetics producer fighting for survival
FINANCE
- IKEA's financial services arm to launch Polish business
- MetLife acquires AIG's life insurance business
- Under new boss DnB Nord warms up to retail banking
- Norwegian gov't boosts investment in WSE stocks
FOOD & AGRICULTURE
- Rieber & Søn sells Polish cake factory
- Italians to open Poland's biggest slaughterhouse
- Beer sales down by 10%, says industry organization
PROPERTY & CONSTRUCTION
- GTC & Polnord team up in a EUR 250m development
- ECE secures financing for Szczecin retail project
- Giant retail & wholesale center targets Ukraine
RETAIL & SERVICE
- IKEA acquires site for retail project in Czestochowa
- Polish supermarket operator hits the bourse
- Finnish Tiimari shuts down Polish gift shop business
- Discount retailers thrive in the times of slowdown
IT & MEDIA
- Ministry seeks buyer for Ruch, Mennica interested
TRANSPORT & LOGISTICS
- Polish airports to invest PLN 4.6bn by 2015
- Aston Martin, Bentley, Ferrari heading to Poland
ENERGY & ENVIRONMENT
- Bogdanka is Poland's first private coalmine
- EBRD supports Petrolinvest in Kazakhstan oil projects
ECONOMY & POLITICS
- Experts anticipate rapid growth in M&As this year
- Manpower: Polish firms eager to create new jobs
- ZUS may be heading for financial disaster
KEY FIGURES pages 18-20
- Wages, real earnings, inflation, consumer price index, interest rates, industrial output, current account, GDP, currency, foreign trade, regional data, stock exchange, prices of key commodities, retail trade, money supply, net lending and key economic data forecast 2009-2012.