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The Warsaw Voice » Business » September 2, 2009
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Business in brief
September 2, 2009   
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NBP Exchange Rates (August 26, 2009)
1 EUR = zl. 4.0883
1 USD = zl. 2.8558
1 CHF = zl. 2.6901
1 GBP = zl. 4.6569
100 JPY = zl. 3.0352


Acer in Wroc³aw
The Acer company of Taiwan, the world's second-largest producer of portable computers, will launch a logistics and maintenance center in Wroc³aw by the end of November. The project, worth around 3 million euros, will provide jobs to 300 people. Acer has announced that starting from the second quarter of 2010, the new facility will also assemble new computers.


Russian to Buy German Shipyards
Russian investor Igor Yusufov will buy the Wadan shipyards in eastern Germany. According to the dpa agency, a committee of creditors of the bankrupt shipyards in Wismar and Rostock-Warnemuende has agreed to the sale. Yusufov will pay 40.5 million euros for the shipyards and plans to retain about half of the 2,500 workers. Yusufov, 53, is a former Russian minister of energy and a member of the supervisory board of the Gazprom energy corporation.


Loans for Poland
The European Investment Bank has granted Poland a loan of 675 million euros to finance research conducted by science institutes and universities. This year and next, the funds will be available to the Ministry of Science, state science institutes and institutions of higher education. The EIB also approved two loans for Poland worth a combined 250 million euros to support projects by small and medium-sized enterprises.


ABG Finishes Contract for NATO
ABG, a wholly owned subsidiary of Asseco Poland, has fulfilled an equipment contract for the NATO Joint Forces Training Center in Bydgoszcz. The project is worth zl.50 million net, the company said in a statement. As part of the contract, ABG delivered and implemented full telecommunication infrastructure at the center. Over the next three years, ABG will also provide maintenance services for the infrastructure.


Most Exports Go to Germany
Germany continues to be the largest recipient of Polish exports. In the first half of 2009, 26.1 percent of all Polish exports went to Germany, which was 1 percentage point more than in the same period of last year. Compared with the first half of 2008, Italy and France increased their shares in Polish exports, while exports to Russia fell from 5 percent to 3.6 percent.


EU Offers Micro Lending
The European Commission is planning to join forces with the European Investment Bank to launch a system of micro lending for small companies and people without jobs who are willing to establish their own companies. The largest loans available in the program will total 25,000 euros.


Recession in Ukraine
Gross domestic product in Ukraine shrank by 18 percent year-on-year in the second quarter of 2009, compared with a 20.3 percent year-on-year drop in the first quarter.

"This is hardly a major improvement from the first quarter, but the recession seems to have hit rock bottom," said Timothy Ash, an economist with the Royal Bank of Scotland in London.


Bumar in Arms Deal with MBDA
Polish defense holding company Bumar and European armaments corporation MBDA will join forces to produce anti-aircraft defense systems. Under an agreement signed in Paris, the Polish company will produce missiles under MBDA license, while Polish radar technology will be used to produce joint anti-aircraft systems.
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