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The Warsaw Voice » Business » October 8, 2008
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Business in brief
October 8, 2008   
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Exports to Russia Grow Fast
Poland's exports to Russia grew by 41 percent in the first seven months of this year from the same period last year, with Russia accounting for 5.2 percent of Poland's total exports, up from 4.4 percent last year. Poland's total exports in the first seven months of this year grew by 17.6 percent.


Bombardier to Up Output
Canadian company Bombardier plans to increase production and hire 200 new employees at its facility in Wrocław, southwestern Poland, next year. At its four production plants in Poland, Bombardier has a combined work force of around 1,400. The Wrocław facility is the largest, hiring 800 people. It manufactures components for locomotives and vehicles for various European and U.S. markets.


Abriso Building Factory
Belgian packaging producer Abriso will invest zl.30 million to build a new factory in Góra in Poland's western Wielkopolska region. The new facility is scheduled for completion by the end of this year, creating around 100 jobs.


Aircraft From Bielsko-Biała
A production line for light aircraft, an aviation research-and-development center, and a center for transportation services will all be part of the Bielsko-Biała Aviation Technology Park under development in southern Poland. Worth zl.28 million, the project will be financed using funds from the European Union's Innovative Economy program and stockholders including the Air Business company and the Bielsko-Biała county office.


Slovak Gov't to Set Prices
The Slovak parliament has authorized the country's government and several ministers to set prices in a bid to prevent unjustified increases as Slovakia switches over to the euro in January. Until the end of next year, for as long as prices in two currencies are used in Slovakia, the government will monitor prices and bring them down whenever excessive increases occur.


Russia to Increase Defense Spending
The Russian parliament has approved the country's draft budget for 2009. Compared with this year, spending on the military will increase by roughly 25 percent next year. Expenditures on defense will rise to 1.2 trillion rubles, or around $50 billion, from 1 trillion rubles ($40 billion) this year, and account for around 14 percent of total government spending.


Dromader Aircraft for China
The last of the 15 M18 D Dromader airplanes that the government of China has ordered from Poland's PZL Mielec aviation factory are on their way to China. PZL Mielec, owned by American corporation UTC-Sikorsky Aircraft, has fitted the aircraft with crop-dusting equipment. The planes come with Polish engines produced at the PZL Kalisz aviation factory. Talks on further orders are in progress.


Brussels Ban on Cod
After Poland used up its cod fishing quotas for this year, the European Commission has prohibited Polish fishermen from catching cod in the eastern Baltic Sea. This year's cod catch limit for Poland in the area was 9,450 metric tons.
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