Donald Tusk is leading a large official-cum-trade delegation on his three-day state visit to India, as the first non-communist Polish prime minister, aiming to encourage Indian trade and investment in Poland.

Poland's 2011 draft budget, assuming a deficit of 40.2 billion zlotys, is seen as not satisfactory, mostly on account of maintained high ratio of public finance deficit to GDP, Monetary Policy Council member Andrzej Kazmierczak told PAP Polish News Agency.

Former head of Central Anti-corruption Bureau CBA Mariusz Kaminski has been formally accused of abuse of power during an investigation over corruption in the Farming Ministry.

Poland's incumbent telco TPSA will have to pay some DKK 2.9 bln in damages to Danish telco firm DPTG following a ruling from a Vienna arbitration court, GN Store Nord, the majority shareholder of DPTG, said in a statement late Friday.

The Warsaw Stock Exchange filed its issue prospectus with financial market regulator KNF on Sept 6, KNF announced in a press statement.

Poland's Monetary Policy Council MPC will have to take measures, possibly moving interest rates, to prevent inflation increase as NBP forecasts show CPI exceeding target already in November, Monetary Policy Council member Andrzej Kazmierczak told PAP.

The right-wing fraction Polska Plus, made up largely of defectors from opposition party PiS, will reunite with PiS, Polska Plus MP Jaroslaw Sellin told the daily Rzeczpospolita.

Opel's Polish factory in Gliwice, southern Poland, will start works adopting its production facility to manufacturing of the new Astra IV model within a month.

Listed fuel firm KOV sold 30% in Block 9 exploration & extraction license in Syria to Mena Hydrocarbons in exchange for USD 10.4 mln, covering 60% of drilling cost and taking responsibility for 30% of a USD 6.8 mln banking guarantee, KOV said in a market filing.

The leader of opposition party PiS, Jaroslaw Kaczynski, told party members in a letter that they must choose between loyalty to the party he leads or go their own way.

Asseco Poland - Europe's fifth-biggest software group’s decision to take over Formula Systems triggered at best mixed feelings among local analysts, who don't like large premium Asseco is paying versus the current market valuation of the Israeli firm.

Poland's economy will likely grow some 3.3% y/y in 2010, according to the latest bulletin of the Economy Ministry.

Poland's exports likely increased by a low double-digit number in August, export insurer KUKE head Zygmunt Kostkiewicz told PAP Polish News Agency.

Poland's financial market regulator KNF sticks to its proposals on mortgage loans contained in the so-called S2 recommendation and would not negotiate them.