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The Warsaw Voice » Business » May 7, 2008
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Business in brief
May 7, 2008   
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NBP Exchange Rates May 5, 2008

1 EUR = zl. 3.4400
1 USD = zl. 2.2199
1 CHF = zl. 2.1099
1 GBP = zl. 4.3830
100 JPY = zl. 2.1100

Polish Student Team Best in Europe
Warsaw Leaders, a Polish team of students of the University of Warsaw, won fourth place in the world finals of the Global Management Challenge/Euromanager 2007 (GMC) competition in Bucharest, Romania. The Polish students emerged as the best European team.

Teams from 24 countries took part in this year's GMC finals. Asians performed the best, with teams from Macau, China and Hong Kong claiming the first three spots. The Hong Kong team beat Warsaw Leaders by a slight margin.

Russia Plans Meat Quotas
The Russian government plans to impose quotas on pork and poultry imports, according to Russian Prime Minister Viktor Zubkov. The restrictions will not affect beef because Russia will have to rely on beef imports to meet market demand for at least several more years, Zubkov said.

EU to Support Research Staff Training
Poland will be able to spend nearly 1 billion euros from the European Union's Human Capital program for the years 2007-2013 to train research staff and raise the standards of the country's higher-education institutions. The money will be used to finance training courses for researchers starting cooperation with businesses and to develop programs of study and engineering courses important for the economy.

Online Shopping on the Rise
Online shopping will account for almost 20 percent of global retail sales by 2015 at the latest, according to a report by the Center for Retail Research commissioned by Visa Europe.

Service Delivery Center for Wroc³aw
Credit Suisse and the Wipro group of India, a provider of internet technology, plan to open a Service Delivery Center in Wroc³aw in October. This recruitment and research center will provide employee support services in areas such as recruitment, pay systems, labor efficiency, and human resources management. To begin with, the center will rely on a staff of 140.

Poland Middling in Labor Flexibility
Poland ranks 78th on a list of 174 countries in terms of labor market flexibility, according to the World Bank's Doing Business 2008 report. The United States, Singapore and the Marshall Islands share the top spot on the list, while Georgia and Tonga are in joint fourth place.

Skoda Gears Up for Pole Position
Skoda Auto, the Czech member of the Volkswagen group, plans to more than double its output to 1.5 million cars annually over the next decade. Skoda Auto wants to become the largest car maker in Central and Eastern Europe by 2018. Last year some 661,000 cars rolled off the company's assembly lines.

Gdynia the Third Largest Baltic Port
According to Actia Forum, a PR agency monitoring the sea transport market, Poland's Gdynia is the third largest port on the Baltic Sea. In 2007, it handled 614,000 twenty-foot equivalent units (TEU) of containers. The largest Baltic port is St. Petersburg, Russia, which handled 1.7 million TEU last year. The largest seaport in Europe is Rotterdam in the Netherlands, on the North Sea. Last year, it handled more than 10 million TEU of cargo.
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