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Poland :: 2009 GDP grew by 1.7%

Poland :: 2009 GDP grew by 1.7%

Poland’s GDP grew by 1.7% in 2009, well below the 2008 growth rate of 5%.
Poland’s government revised its GDP growth forecast for 2009 from 3.8% to 1.7% early in 2009 acknowledging expectations of a fallout from the global financial crisis.
Investment fell by 0.3% in 2009, while domestic demand declined by 0.9%.
According to Eurostat estimates, GDP [...]

January 29 2010 | Posted in EMEA, MACRO, Poland | Read More »

[PGN PW] PGNiG & [GAZP RU] Gazprom :: Yamal-Europe in play until 2045

[PGN PW] PGNiG & [GAZP RU] Gazprom :: Yamal-Europe in play until 2045

Leading Polish natural gas provider PGNiG, Russia’s Gazprom, and their joint venture EvRoPol GAZ have signed an agreement on cooperation, which provides for extension until 2045 of the contract on transporting gas to Western Europe across Polish territory using the Yamal-Europe pipeline. EvRoPOl GAZ is the operator of the Polish segment of the Yamal-Europe pipeline. [...]

January 29 2010 | Posted in COMPANIES, Commodities, EMEA, Exploration & Production, Integrated Oil & Gas, Oil & Gas, Oil & Gas, Oil & Gas Producers, Pipelines, Poland, Russia, Stocks | Read More »

[PGN PW] PGNiG :: deal with Gazprom [GAZP RU] clears path to gas agreement

[PGN PW] PGNiG :: deal with Gazprom [GAZP RU] clears path to gas agreement

Leading Polish natural gas provider PGNiG reached an agreement with Russia’s Gazprom on increasing imports of Russian gas, resolving remaining differences after a year of negotiations, and paving the way for an international agreement on gas supplies.
PGNiG has agreed to buy as much as 10.3 bn cubic meters of gas per year through 2037, while. [...]

January 28 2010 | Posted in COMPANIES, EMEA, Exploration & Production, Integrated Oil & Gas, Oil & Gas, Oil & Gas, Oil & Gas Producers, Oil Equipment Services & Distribution, Pipelines, Poland, Russia, Stocks | Read More »

[ENA PW] Enea :: 16% stake on sale ahead of bigger 50% sale

[ENA PW] Enea :: 16% stake on sale ahead of bigger 50% sale

Poland is planning a road show to market a 16% stake in Enea, an energy distributor, targeted towards institutional investors in Europe and the US, ahead of a sale of a controlling stake to a strategic investor.
The sale of the stake worth some $500 mn is planned for February, ahead of a sale of a [...]

January 28 2010 | Posted in COMPANIES, Conventional Electricity, EMEA, Electricity, Poland, Stocks, Utilities, Utilities | Read More »