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The Warsaw Voice » Business » October 28, 2009
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Business in brief
October 28, 2009   
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Unemployment on the Rise
Although the economic crisis has loosened its grip on the world, in the 30 countries that belong to the Organization for Economic Co-Operation and Development (OECD), the unemployment rate rose to 8.6 percent in August. That is 0.1 percent above July and 2.3 percent higher year-on-year. According to the OECD, the unemployment rate reached 9.8 percent in the United States, 5.5 percent in Japan and 9.6 percent in the eurozone.

CCS Plant for BeŁchatów
The Bełchatów power plant, a member of Polska Grupa Energetyczna (Polish Energy Group), will obtain a subsidy of 180 million euros to build a carbon capture and storage (CCS) installation. The European Commission has approved Poland's application and forwarded it to the European Parliament.

Messer Factory in Rybnik
A company of the German Messer group is launching a production plant for liquid gases in Rybnik, Upper Silesia, southern Poland. The project, worth over 30 million euros, is located in the Rybnik section of the Katowice Special Economic Zone.

Less Gas From Russia
Deliveries of Russian natural gas to Europe via Ukraine have fallen 29.9 percent this year compared with 2008, the Ukrainian Ministry of Fuels and Energy has announced. Between January and September, natural gas transit via Ukraine totaled 64.9 billion cubic meters, which was 27.7 billion cu m less than in the same period of 2008.

Billions From Privatization
The government has earned zl.4.3 billion from privatization since the start of the year, with the annual target set at zl.12 billion, said deputy treasury minister Adam Leszkiewicz.

Next year the government's privatization revenue is expected to total zl.25 billion, Leszkiewicz said.

Dividends paid out by companies wholly or partly owned by the state have yielded zl.2.6 billion so far. The annual target is zl.7.1 billion.

Russian Economy Shrinks
The Russian economy contracted by 10.2 percent in the first eight months of this year. The country's GDP in August was 10.5 percent smaller than in August last year.

Industrial production decreased by 12.8 percent in August, which economy minister Elvira Nabulina said is a good sign because the decline was not as sharp as in July.

Choppers for Air Ambulance Service
The Eurocopter company has delivered the first of 23 EC135 helicopters ordered by the Polish air ambulance service under a zl.495 million contract.

The helicopter will go into service at the beginning of next year. The remaining machines will be delivered by the end of next year.

Apart from the helicopters, the deal provides for the delivery of a flight simulator and pilot training.

Thinning Ranks of Foreign Tourists
Some 4.6 million foreign tourists visited Poland between January and the end of June, 1 million less than in the same period of last year, according to the Central Statistical Office (GUS).

Most of the tourists came from Germany, Britain, Italy and Russia. In all, tourists from more than 40 countries visited Poland in the first six months of the year, GUS said.

NBP Exchange Rates (October 26, 2009)
1 EUR = zl. 4.1721
1 USD = zl. 2.7750
1 CHF = zl. 2.7580
1 GBP = zl. 4.5307
100 JPY = zl. 3,0250
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