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The Warsaw Voice » Business » April 23, 2008
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Business in brief
April 23, 2008   
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NBP Exchange Rates April 21, 2008

1 EUR = zl. 3.4258
1 USD = zl. 2.1596
1 CHF = zl. 2.1333
1 GBP = zl. 4.2941
100 JPY = zl. 2.0850

New Airport Urged
Local government leaders from Mazovia and ŁódĽ provinces including ŁódĽ City Hall have signed an agreement that calls for the construction of a new airport in Poland. The officials say the airport should be located in central Poland halfway between Warsaw and ŁódĽ. The document will now go to the infrastructure ministry for approval.

MAN, Nissan Rev It Up in Russia
German truck maker MAN aims to increase its share of the Russian heavy commercial vehicle market by delivering 4,700 trucks to that country by 2009. Meanwhile, Nissan Motor of Japan has announced plans to manufacture delivery vans in Russia. In September, the company plans to launch the production of two models there and will follow up with another four over the next three years.

Bentley Showroom Opens in Warsaw
The Auto Viva company launched Poland's first showroom for British Bentley cars in Warsaw April 15. Earlier, Auto Viva opened a Bentley service garage in Warsaw in March, and plans to open similar garages in Poznań and Katowice by the end of the year. Auto Viva has already sold the first Bentley Continental car from its Warsaw showroom. The cheapest Bentley costs around zl.760,000.

Poles Optimistic on Economy
Twenty-eight percent of those surveyed by the Pentor polling center said Poland's economy was in good shape; 23 percent said the economy was not doing well, and 49 percent were undecided. Forty-seven percent of those polled said Poland's economic performance would change for the better in the next 12 months; 13 percent expect the country's economic condition to deteriorate; and 40 percent said it would not change.

Russian Restaurateur Comes to Poland
Russian restaurant chain Rosinter has opened its first restaurant in Poland-an outlet in Wrocław called Planet Sushi. In terms of sales, the group is comparable with Poland's AmRest, the owner of KFC and Pizza Hut restaurants in Poland. Rosinter's 2007 sales exceeded zl.500 million. Rosinter also plans to expand the American TGI Friday's chain in Poland as it has a license to operate the chain in this part of Europe.

Cod Fishing to Be Suspended From June
Polish fishermen's unions have agreed to introduce a ban on cod fishing from June 1 to Sept. 30. The ban does not affect fishing boats shorter than 10 meters. Polish fishermen have already used up 60 percent of their annual EU cod fishing quota.

Okęcie Cuts Fees for Carriers
Warsaw's Okęcie Airport has offered incentives to carriers in order to expand its range of scheduled flights. A carrier who launches a flight to a new destination will be offered a discount on the landing fee of up to 75 percent in the first year and up to 50 percent in the next three years. If the carrier launches a new transit connection they will be offered a 50-percent discount on the passenger tax.

Russians Count Cost of Bread
In the first week of April, inflation in Russia rose by 0.5 percent to 5.3 percent in year-on-year terms, according to the country's statistical office. Among consumer goods, the price of bread grew the most, 3 percent on average, with the highest increase, by 23 percent, recorded in St. Petersburg. The prices of pasta, eggs and oil rose by 2 percent and those of gasoline and diesel fuel went up by 1.3 percent.

WTO Predicts Slower Trade
Due to an economic slowdown in developed countries, global trade will grow only 4.5 percent this year, compared with 5.5 percent last year, the World Trade Organization forecasts.
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