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ABOUT BUSINESS - 10.2008
The sky for Poland and Lithuania
By 2010, Poland and Lithuania want to have a shared block of airspace with air traffic controlled together in both countries. Airspace over Poland and Lithuania will be managed by a company made up of controlling agencies from both countries. Eurocontrol, the European organization which oversees air travel safety, recommends that member countries create blocks of shared airspace. According to this institution, the block should include all of the nations in the Baltic Sea basin, not only the territories of two countries. Therefore, Vilnius and Warsaw are holding talks with other countries about joining the initiative.
Prospects of Polish energetics
A project for the development of Poland’s energy policies until 2030 has already been created. Polish government wants to develop atomic energy first, in cooperation with Lithuania and Ukraine, and then build its own nuclear reactor. The government wants to reinforce energy security by building a few gas powered electrical plants. Polska Grupa Energetyczna (PGE ‘ Polish Energy Group), among others, are planning this type of investment. The Polish Ministry of Economy has also announced that it plans firm negotiations with Brussels about carbon dioxide emissions levels after 2012.
Euro 2012, under a magnifying glass
Axel Springer Publishers, Telewizja Polska (Polish Television) and the Polish radio station Radio Zet are going to monitor the state of preparations for Euro 2012. Under the banner of Euromonitor, there will be press materials, analyses, and commentaries by experts and professionals concerning the event. Euromonitor was created to inform the public about the progress of work in Poland and Ukraine. It is intended to signal problems connected with realizing the projects needed to organize the European Football Championship. There will be stories about the construction sites of the stadiums, roads, hotels, and modernization of airports, as well as analyses of those industries which are essential to the organization of the Euro Cup.
LOT by Internet
Our national airline, LOT, intends to improve its Internet sales figures in the near future. Currently, only 10 percent of its tickets are sold online. Other carriers, like German Lufthansa, sell two times more tickets this way. LOT intends to reach the same level of online sales. In the beginning, the company intends to increase traffic to its site by offering exclusive sale prices on tickets bought online, for chosen connections. This sale (which has already started!) is supposed to be updated every two weeks. By the end of this year, there will also be a sales and check in system operating via mobile phone. LOT may sell 30 percent of its tickets this way.
The tastiest Polish meat
Polish meat companies have taken Ukraine by storm. In the first half of this year, they sold pork products worth more than 36 million euro. Their success is all the greater due to the fact that last year there were not any exports to Ukraine. What is more, after six months this year it is six times more than meat sales to Russia. According to Polish producers, the success of Polish meat in Ukraine is also because of Brussels, which paid subsidies to meat exports until August. In May alone, the amount of subsidies was more than 31 euro per 100 kg. Polish meat is also very popular in Lithuania, the Czech Republic, Great Britain, Germany, Belarus, and... Japan.
An automotive boom
The Chinese car concern Motors Group Company plans to invest 1.2 billion dollars in the construction of car factories in Poland. Meanwhile, production of cars and delivery vehicles in Poland may reach record levels of more than a million units. According to experts, this forecast is not endangered by slowing economies in the euro zone, who are the main importers of the cars produced in our country.
In the West and in the East
The Polish group Empik Media & Fashion (EM&F) has finalized the acquisition of Spiele Max, a German chain of stores for children, which owns 41 stores. The Group has already introduced three ‘Smyk’ children’s stores, offering similar products. Empik Media & Fashion has also expanded eastward. It plans to open three ‘Smyk’ stores and 14 perfume and clothing stores in Kazakhstan, Ukraine and Russia by the end of 2008. Now, there are more than one hundred of them. The net profits of EM&F for the first half of this year amounted to 25 million zloty, which is over two times more than last year during the same period. In the last quarter of 2007, the Group’s profits amounted to nearly 60 million zł.
Euro in 2011?
Poland will be part of the euro zone in 2011 ‘ declared Prime Minister Donald Tusk, during the annual international economic form in Krynica. Polish economists were clearly surprised, but the Prime Minister assured them that it will be difficult, but possible to do it. Introducing the euro in Poland is associated with many economic and political problems, as well as the matter of changing the Polish constitution regarding the role of the National Bank of Poland, among other things. There are just three years left for the realization of this high-speed plan, claim very skeptical economists. Time will tell who was right.
Paradise for investors
Analysts anticipate that Poland will become a paradise for investors, above all for foreign companies that build roads and railway infrastructure. The Polish Ministry of Regional Development expects that companies specializing in infrastructural projects will be interested in our country. There is a huge cake waiting to be cut and served to investors, so to speak, because this governmental agency estimates that in the next five years there will be more than 100,000 tenders to judge. Spanish, German and soon Chinese companies will be main players. All of them are looking for new markets.
By 2010, Poland and Lithuania want to have a shared block of airspace with air traffic controlled together in both countries. Airspace over Poland and Lithuania will be managed by a company made up of controlling agencies from both countries. Eurocontrol, the European organization which oversees air travel safety, recommends that member countries create blocks of shared airspace. According to this institution, the block should include all of the nations in the Baltic Sea basin, not only the territories of two countries. Therefore, Vilnius and Warsaw are holding talks with other countries about joining the initiative.
Prospects of Polish energetics
A project for the development of Poland’s energy policies until 2030 has already been created. Polish government wants to develop atomic energy first, in cooperation with Lithuania and Ukraine, and then build its own nuclear reactor. The government wants to reinforce energy security by building a few gas powered electrical plants. Polska Grupa Energetyczna (PGE ‘ Polish Energy Group), among others, are planning this type of investment. The Polish Ministry of Economy has also announced that it plans firm negotiations with Brussels about carbon dioxide emissions levels after 2012.
Euro 2012, under a magnifying glass
Axel Springer Publishers, Telewizja Polska (Polish Television) and the Polish radio station Radio Zet are going to monitor the state of preparations for Euro 2012. Under the banner of Euromonitor, there will be press materials, analyses, and commentaries by experts and professionals concerning the event. Euromonitor was created to inform the public about the progress of work in Poland and Ukraine. It is intended to signal problems connected with realizing the projects needed to organize the European Football Championship. There will be stories about the construction sites of the stadiums, roads, hotels, and modernization of airports, as well as analyses of those industries which are essential to the organization of the Euro Cup.
LOT by Internet
Our national airline, LOT, intends to improve its Internet sales figures in the near future. Currently, only 10 percent of its tickets are sold online. Other carriers, like German Lufthansa, sell two times more tickets this way. LOT intends to reach the same level of online sales. In the beginning, the company intends to increase traffic to its site by offering exclusive sale prices on tickets bought online, for chosen connections. This sale (which has already started!) is supposed to be updated every two weeks. By the end of this year, there will also be a sales and check in system operating via mobile phone. LOT may sell 30 percent of its tickets this way.
The tastiest Polish meat
Polish meat companies have taken Ukraine by storm. In the first half of this year, they sold pork products worth more than 36 million euro. Their success is all the greater due to the fact that last year there were not any exports to Ukraine. What is more, after six months this year it is six times more than meat sales to Russia. According to Polish producers, the success of Polish meat in Ukraine is also because of Brussels, which paid subsidies to meat exports until August. In May alone, the amount of subsidies was more than 31 euro per 100 kg. Polish meat is also very popular in Lithuania, the Czech Republic, Great Britain, Germany, Belarus, and... Japan.
An automotive boom
The Chinese car concern Motors Group Company plans to invest 1.2 billion dollars in the construction of car factories in Poland. Meanwhile, production of cars and delivery vehicles in Poland may reach record levels of more than a million units. According to experts, this forecast is not endangered by slowing economies in the euro zone, who are the main importers of the cars produced in our country.
In the West and in the East
The Polish group Empik Media & Fashion (EM&F) has finalized the acquisition of Spiele Max, a German chain of stores for children, which owns 41 stores. The Group has already introduced three ‘Smyk’ children’s stores, offering similar products. Empik Media & Fashion has also expanded eastward. It plans to open three ‘Smyk’ stores and 14 perfume and clothing stores in Kazakhstan, Ukraine and Russia by the end of 2008. Now, there are more than one hundred of them. The net profits of EM&F for the first half of this year amounted to 25 million zloty, which is over two times more than last year during the same period. In the last quarter of 2007, the Group’s profits amounted to nearly 60 million zł.
Euro in 2011?
Poland will be part of the euro zone in 2011 ‘ declared Prime Minister Donald Tusk, during the annual international economic form in Krynica. Polish economists were clearly surprised, but the Prime Minister assured them that it will be difficult, but possible to do it. Introducing the euro in Poland is associated with many economic and political problems, as well as the matter of changing the Polish constitution regarding the role of the National Bank of Poland, among other things. There are just three years left for the realization of this high-speed plan, claim very skeptical economists. Time will tell who was right.
Paradise for investors
Analysts anticipate that Poland will become a paradise for investors, above all for foreign companies that build roads and railway infrastructure. The Polish Ministry of Regional Development expects that companies specializing in infrastructural projects will be interested in our country. There is a huge cake waiting to be cut and served to investors, so to speak, because this governmental agency estimates that in the next five years there will be more than 100,000 tenders to judge. Spanish, German and soon Chinese companies will be main players. All of them are looking for new markets.
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Information published at 12 October 2008
