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The Warsaw Voice » Business » April 29, 2009
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Business in brief
April 29, 2009 By L.Ż.    
Article's tools:

NBP Exchange Rates (April 27, 2009)

1 EUR = zl. 4.5380
1 USD = zl. 3.4456
1 CHF = zl. 3.0090
1 GBP = zl. 5.0182
100 JPY = zl. 3.5704

Poland Relatively Safe: Report
The risk indicators for the Polish economy are among the lowest in this part of Europe, according to a report by Swiss bank UBS.

On a scale of 0 to 10, where zero means the lowest risk, Poland was given 4.5 points, while the risk for Estonia and Lithuania was rated at 8 points. The United States and Germany were both rated at 5 points.

Millions for Promoting Exports
The Polish government will spend almost 220 million euros in European Union funds to promote the country’s products and services abroad by 2013, the economy ministry has said.

According to the World Bank, every $1 invested by developed countries in exports promotion may generate up to $40 in additional exports for these countries.

Up to 10,000 new jobs may be created thanks to enlarging two special economic zones, around Cracow and Wałbrzych in southern Poland, the government information center has said.

The government April 14 issued a regulation on changes to the two zones’ boundaries and area. Under the regulation, the Cracow zone will be enlarged to 528.8 hectares, and the Wałbrzych zone will be expanded to 1,651.5 hectares.

Chinese Want Delphi Factory
Chinese company Beijing West Industries aims to buy a Delphi shock absorber plant in the southern Polish town of Krosno. The Chinese have struck a preliminary deal with Delphi Corporation. The plant’s American owner is in trouble and is selling its manufacturing sites across the world. The Chinese are expected to take over the entire plant complete with machines and contracts with customers and suppliers.

Guardian Industries to Build New Plant
Guardian Industries, an American manufacturer of glass, automotive and building products, plans to build a plant in Bolesławiec within the Wałbrzych Special Economic Zone in southwestern Poland. This will be the company’s second manufacturing site in Poland after one in the southern city of Częstochowa. The Americans will invest zl.85.5 million in the Wałbrzych zone and will create 160 jobs.

Majority Want Single Currency
Some 53 percent of Poles are in favor of adopting the single European currency, while 38 percent are opposed, according to a March survey by the CBOS opinion research center.

Sixty-nine percent of those supporting Polish eurozone entry say the country should adopt the euro as soon as possible, in 2012-2013, as planned by the government, while 26 percent say the move should take place at a later date.

Euro 2012 Stadium Deal
A consortium of Austrian company Alpine and Poland’s Hydrobudowa has won a 184.5-million-euro contract to build two stadiums in Poland for the Euro 2012 European soccer championships that Poland will host together with Ukraine.

The consortium will build the Baltic Arena stadium for 44,000 spectators in the coastal city of Gdańsk within 20 months, and modernize an existing stadium in Poznań by expanding it to accommodate 47,000 spectators within 17 months.
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