Nearly 2,000 guests from 60 countries have come to the southern Polish town of Krynica to attend the 20th Economic Forum, dubbed the “Davos of the East”, which opened yesterday under the motto “Europe After Lisbon: Strategies for the Future.”

Polish Prime Minister Donald Tusk arrived in Hanoi, Vietnam yesterday to kick off a three-day visit aimed at boosting economic, trade and investment ties between the two countries.

Poland's banking sector is expected to post 2010 net result better by some 30% than 8.7 billion zlotys recorded in 2009, financial market regulator KNF head Stanislaw Kluza told reporters.

Voter support for the governing party PO increased by 4 pps to 52%, while its main rival PiS stayed flat at 35%, a poll by the GfK Polonia researcher for the daily Rzeczpospolita shows.

President Bronislaw Komorowski officially revealed, on Sept 7, a commemorative plaque to honor former president Lech Kaczynski, his wife, presidential chancellery and National Security Bureau officials who perished in a plane crash in Russia.

German energy firm RWE officially withdrew from its plans to build an 800 MW power plant with Europe's biggest coal group Kompania Weglowa, although first preparation works have already started, the daily Rzeczpospolita reports.

Poland's Monetary Policy Council will not automatically increase interest rates just to offset what it might consider an overly lax fiscal policy, National Bank of Poland President Marek Belka told the daily Dziennik Gazeta Prawna.

Poland may float coal miners KHW and JSW in 2011, Economy Minister Waldemar Pawlak, who supervises the coal mining sector, told reporters at Economic Forum in Krynica.

Listed bank ING BSK pioneered the autumn process of bringing down mortgage loan costs and was immediately followed by Deutsche Bank PBC, BPH, Bank Handlowy and Eurobank, while Bank Pocztowy extended its promotion period for state-subsidized mortgages.

Listed natural gas giant PGNIG is analyzing tests for the presence of tight gas in the Lubelskie region and expects the outcome in September, the daily Dziennik Gazeta Prawna reports.

Flood damage came to roughly 3 billion euros or 12 billion zlotys, according to estimates from the Interior Ministry.

As part of the Berlin Gallery District launch the ZakBranicka Gallery in Berlin will open tomorrow an exhibition of Krzysztof Zielinski’s photographs entitled Briesen.

Polish power group Energa, put up for sale by the state, can be worth over 8 billion zlotys versus recent estimates of some 7 billion zlotys, the daily Rzeczpospolita writes.

Listed ceramic tile maker Cersanit will start subscription for its SPO of 72.1 mln shares at PLN 2.1 apiece next week, the daily Parkiet reminds.

Listed bank BZ WBK expects the final decision concerning its sale by the parent company Allied Irish Banks in September, BZ WBK CEO Mateusz Morawiecki told reporters on Wednesday.

Poland sold 600 million zlotys in PS0415 papers in a non-competitive top-up auction, with demand hitting 790 million zlotys, Finance Ministry said in a statement.

Poland has made it through the worst of the economic slowdown and will have a clearly lasting recovery once firms, in anticipation of pending demand, switch from gathering inventories to building new capacity, National Bank of Poland president Marek Belka said.