The deepening of the reconcilement process between Poles and Germans is one of the biggest achievements of the Solidarity generation, Germany-visiting Polish President Bronislaw Komorowski said Friday in an interview for the German daily Frankfurter Allgemeine Zeitung.

Listed IT firm Asseco Poland will buy a 49.19% stake in Nasdaq-listed Israeli IT firm Formula systems for up to USD 145.3 mln from the firm's lead shareholder, Asseco Poland said in a market filing.

A former Polish President Lech Walesa, a singer Maryla Rodowicz, four-time gold olympic champion in race walking Robert Korzeniowski and a former goalkeeper of Poland’s national football team Jozef Mlynarczyk were officially nominated first UEFA Euro 2012 Friends, Sept.4.

PM Donald Tusk tasked the members of the cabinet to look for savings in their respective ministries, government spokesperson Pawel Gras told reporters Friday.

The Warsaw Stock Exchange is planning to purchase an internet electricity trading platform (POEE) from a unit of listed power group PGE and get into the power trading business, the daily Rzeczpospolita writes citing insider information.

Professor Marek Migalski, a MEP tied to Poland's opposition party PiS, was tossed out of PiS's European Parliamentary club at the decision of the party's political committee in Poland.

Polish government approved the 2011 draft budget with a deficit of 40.2 billion zlotys, as previously signaled, but with forecast spending and receipts levels slightly above those initially proposed by the Finance Ministry, deputy Finance Minister Ludwik Kotecki told PAP.

The government made a decision on teacher pay and will offer a single 7% pay rise from September 2011, the government said in a statement.

Poland will freeze personal income tax brackets 2011 to '13, deputy Minister of Finance Ludwik Kotecki wrote in an answer to an MP inquiry.

Listed gas firm PGNiG signed an agreement with the Institute of Oil and Natural Gas for a 894.6 million zlotys EU subsidy for the expansion of its gas storage facility in Wierzchowice, the firm announced in a press statement.

Listed media group Agora saw its flagship daily Gazeta Wyborcza, suffer a 5.8% year on year decline in copy sales in July to 327,945 copies, but the daily noted a 2.5% increase month on month, data from the press market monitor ZKDP showed.

Listed fuel firm PKN Orlen will see a railway link between its Lithuanian Mazeikiu refinery and the Latvian border, Lithuanian daily Verslo Zinios said Friday.

Poland rules out fuel firm PKN Orlen's participation in the privatization of its rival Lotos and plans to launch an international tender for a strategic investor for Lotos possibly already in September, Treasury Minister Aleksander Grad told PAP.

Polish banks are pressing the financial market regulator KNF for an easing of the recommendation S which adds new restrictions on foreign denominated mortgage lending.

Poland may gradually sell down stakes in PKO BP & PZU to just over 25%, but will retain operating control of the companies, Treasury Minister Aleksander Grad told PAP Polish News Agency in an interview.

Excise on tobacco products will rise 4 percent each year from 2011 to reach the EU minimum by 2018, deputy finance minister Ludwik Kotecki informed Friday.

Lyxor Asset Management will launch Poland's first ever Exchange Traded Fund, based on the large-cap WIG20 index, within the coming days.

Newly appointed central bank chief Marek Belka is making personnel changes in the bank which has started a massive scare amongst employees, the daily Dziennik Gazeta Prawna claims.