Polish farmers protest in Brussels. Demanding more … – Dziennik.pl

Polish farmers protest in Brussels. Demanding more … – Dziennik.pl

So far, The European Union allocated 125 million for producers of fruits and vegetables that spoil quickly. In the coming days has also extended support for dairy products. The meeting of experts of the Member States on this issue will take place on Thursday.

Farmers demanding a larger compensation , equitable distribution of resources, equal treatment of farmers non-members and those belonging to producer organizations and changes the date from which aid is granted (from 18 August, on August 1, since the effective ban on imports of Polish part of the food to Russia).

The proposals of the European Union are going too slow and too little resources are allocated, the budget of 125 million euros for the whole of Europe is much too small a budget – said Victor Neumann, president of the National Council of Agricultural Chambers. Mirosław Maliszewski, president of the Fruit Growers RP, in turn, stressed that the farmers in the Commission’s proposals do not like the principle of “first come, first served” basis.

There must be a race there must be a rational decision-making, and not racing Polish Polish farmer and gardener with a farmer French or German – said Maliszewski. – We as farmers are in solidarity towards the European Union and we wish that the Union was in solidarity with us – says one of the protesters, Adam Witkowski.

As reported the press service of the European Commission, during the talks with the representatives of Polish farmers, Head of Cabinet of Commissioner Ciolos confirmed that next week is to be carried out “a more thorough analysis of the potential impact of the Russian embargo on all sectors of agri -spożywcze “. The results of the Commissioner Ciolos be presented during a meeting of EU agriculture ministers in Brussels on September 5. The Commission shall ensure, however, that can unlock further support measures for different sectors if it considers this necessary. September 11 Dacian Ciolos planning a visit to Poland to talk about EU aid.

demonstrating today met the Chairman of the Committee. Agriculture of the European Parliament Czeslaw Siekierski. – The situation is unusual and requires special solutions, and rightly so, that farmers are reclaiming, because it will strengthen the position of Polish Minister in talks with the European Commission – Siekierski said. Farmers came to the Belgian capital with vegetables and fruits, which should hit the Russian market: among others, with peppers with apples, cabbage pickles. Supported them as representatives of the dairy sector, who also fear the consequences of the Russian embargo and expect support from the EU.

FSA refuses to approve the presidents of seven credit unions. Protest … – wPolityce.pl

FSA refuses to approve the presidents of seven credit unions. Protest … – wPolityce.pl

Financial Supervisory Commission announced after Tuesday’s meeting that unanimously refused to approve the presidents of seven Co-operative Savings and Credit. By KNF , this is due to the current method of managing cash registers.

The Commission announced in its Communication that comes with the governors JUMP in Wołominie JUMP “Jaworzno” JUMP them. Zygmunt Chmielewski JUMP “Jupiter”, JUMP them. Union of Lublin, JUMP them. Francis Stefczyka and JUMP “Kujawiak.”

The reason given was the lack of warranty and prudent management of cash, which violates one of the requirements in the Law on cash.

spokesman of the National Fund JUMP Andrew Danube referring to Tuesday’s statement KNF reported that the National Association expresses its strong protest against the actions “of the state authority against the creators of the cooperative system credit unions. “

We present the whole statement:

In connection with the decision of the Financial Supervision Commission, which in its Communication 228 . meeting on 26 August 2014. advised to refuse approval of the seven Governors JUMP (5 August. KNF similarly treated five other Governing JUMP ), the National Association expresses its strong protest against the actions of the state authorities against the creators of the system of cooperative credit unions.

National Association maintains its position, which was presented to the Financial Supervision Commission in the course of administrative proceedings for the approval of the Governing. According to the National Fund they meet the statutory requirements required for this position.

The alleged objection to the Governing JUMP which informs KNF , based on considerations purely discretionary. These types of decisions of the Commission, it is the fulfillment of one of the points scenario that National Association predicted a few years ago and which refers to the elimination of the cooperative savings and credit its founders, who have been successful for over 20 years developed Fund. They conducted extensive social activities, fought with financial exclusion, acting to improve the fate of millions of Poles. These people often socially volunteer their time, energy and knowledge to build from scratch a financial institution mutual assistance based on Polish capital.

Actions KNF consistent with a scenario desire to discredit their undoubted success in the financial services market in Poland and, consequently, to marginalize the role of co-operative savings and credit unions.

As a result of these and earlier actions, KNF National Association undertakes and will take all the measures provided for in the law – both in Poland and abroad – defending system JUMP from similar actions.

Sincerely,

Andrew Danube

A spokesman for the National Fund

by Team wPolityce.pl

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ABW in the seat of the Coal Company – Radio PiN

ABW in the seat of the Coal Company – Radio PiN

2014 Network 26 Internal Security Agency at the headquarters of the Coal Company and one of its member mines. It’s about prosecutorial investigation to conclude contracts for the sale of gas, which freshest mining company in Europe were to lose millions.
Says Marta Zawada-Dybek of Katowice prosecutor’s office. In this case, yet no one been charged. No one is also not stopped.

ERO intends to propose the maximum prices of energy – Interia

ERO intends to propose the maximum prices of energy – Interia

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According to the newspaper yet this month the president of the ERO will refer to the Ministry of Economy

The recommendation, which will put forward amendments to the Regulation on detailed rules for the determination and calculation of tariffs and settlements in electricity trading.

According to the President Bando, putting in place the notion of constant energy prices will allow the so-called maximum price. sellers of office of lowering energy prices in response to the actions of independent retailers operating in their area. According to the President of the ERO change in tariff regulation could come into force at the beginning of 2015. (S. Ozga)

Source of information: DM PKO BP SA

GUS: unemployment is reduced, increasing retail sales – Polish Radio

GUS: unemployment is reduced, increasing retail sales – Polish Radio

The number of unemployed registered in labor offices at the end of July amounted to 1878.5 thousand. people.
unemployment rate calculated according to the Labour Force Survey (LFS) was in the second quarter of 2014. 9.1 percent. compared to 10.6 per cent. in the first quarter – GUS said.
activity rate in the second quarter 74.1 percent. to 56.1 percent. quarter earlier, while the employment rate was 67.2 per cent. to 50.2 per cent.

is improving the situation of young

The data indicate an improvement in the labor market. As we look deeper into the structure of this decrease was noted that the number of unemployed fell most children. This proves the effectiveness of active labor market programs. Ministries of Labour has launched measures for internships targeted to young people. Surely this is the factors supporting a decrease in unemployment – considered the chief economist at Bank Plus Wiktor Wojciechowski. – Keep in mind that the growing demand for labor, however, is the main factor that causes the improvement of the situation on the labor market as measured decrease in unemployment – he adds.

Prior to advise the Ministry of Labour, which estimates that in the previous month unemployment expected year on year was 11.9 percent, was lower by 0.1 percentage points compared with June.

Wladyslaw Kosiniak- Kamysz, Minister of Labour and Social Policy of unemployment in July.

Source: TVN 24 Business and World / x-News

Seasonal factors

Piotr Kuczynski with Xelion Investment House explains that in the summer the rate – including through the work of seasonal – decreases. In its opinion of July and August will be the last period of this year, when unemployment is falling. Since September will begin to rise. At the end of the year can amount to over 13 percent.

The uncertainty is still large
BZ WBK economist Piotr Bielski said that despite the drop in the number of people without jobs, the labor market situation is far from a dream. He added that the pace of improvement is getting slower and at the end of the year can be expected seasonal increase in unemployment. The expert points out that the uncertain economic situation in Poland does not encourage entrepreneurs to increase employment.

At the end of the year, unemployment will be around. 12.5 percent.
– Improving the situation in economy, activation of the unemployed and seasonal factors, including work in agriculture and horticulture contributed to the decline in the unemployment rate in the first half of the year. It was expected that the unemployment rate at the end of the year can be found even in the vicinity of 12 percent. – Says chief economist Postbank Monika Jacket. – Recent events, however, ie. Applying in August, Russia’s embargo on food products, among others, of Polish, probably slow down the improvement of the situation on the labor market. Unemployment rate at the end of 2014 years probably will be around 12.3 percent. – 12.5 percent. – Economist predicts.

Retail sales in July rose 2.1 percent.

Retail sales in July rose 2.1 percent. compared with the same period of 2013, a month to month rose by 4.7 percent. – Central Statistical Office said on Tuesday.
Retail sales in real terms increased by 3.1 percent. year to year.
Economists surveyed estimated that retail sales in July on an annual basis rose by 1.8 per cent., and in the month rose by 4.0 percent.

Weak beginning of quarter
– The growth rate of retail sales in July, as in the case of industrial production was faster than in June, but unfortunately still lower than that recorded in the period from January to May this year. In real terms, retail sales also accelerated in July, but the growth rate of 3.1 percent. year to year, significantly differs from the average of 5.7 percent. year on year in the period from January to May – says chief economist Postbank Monika Jacket. – Thus, the July retail sales data are part of a fairly weak start of the third quarter in the Polish economy and suggest that GDP growth in this period will be lower than the one recorded in the second quarter, perhaps even below 3 percent. year to year, he added.

PAP, Celebrating, abo

ABW came to the Coal Company. Searched the company’s headquarters – Dziennik.pl

ABW came to the Coal Company. Searched the company's headquarters – Dziennik.pl

The case is related to the possible irregularities in the mining sector , about which the Agency has learned this year – said spokesman Lt. Col. ABW Maciej Karczyński.

The collected material submitted to the public prosecutor, who decided to initiate an investigation on ultra vires and breaches of duty by the Board of KW SA The investigation was entrusted Katowice delegation Agency.

ABW determined that management of the company has put the company on a multimillion-dollar damage to property . Irregularities had come on the occasion of a contract for sale of low-methane gas through a branch KWK “Brzeszcze” and the construction of the station there demethanization.

During the search, officers seized documents which might be associated with an investigation.

Cedrob accused the network shares PKM Duda – Parquet

Cedrob accused the network shares PKM Duda – Parquet

Source : Archive

Dariusz Formela, president of PKM Duda, points out that the extension of cooperation with CEDROB distribution will be carried out on a commercial basis.

Source: HH Parquet

Food. Poultry giant announced the call for 23 percent. shares the concern of the meat. The offer may tempt major shareholders, namely the banks.

As a result, announced on Monday a call Cedrob – who has just admitted that it has been almost 10 percent. share capital of the Polish Meat Concern Duda – intends to buy a little more than 6.39 million shares in the meat group. Thanks to increase its holding to approx. 9.17 million shares, which will give 32.99 shares.

PIR will support investment Lotus – Parquet

PIR will support investment Lotus – Parquet

Source: Archive

In a few years Grupa Lotos is extracted four times more oil than today.

Fuels. At the end of 2015. Danzig company will launch production of oil in the Baltic B8. The project will cover 14 percent. domestic production of that raw material. Investment worth 1.8 billion zł finance the PIR, BGK and Bank Pekao.

According to the agreement signed on Monday Polish Investment and Development to launch the production of oil from the bottom of the Baltic Sea put up 430 million zł. The money comes from the July sale of shares of PGE. So far, work on B8 were funded by Lotus. As part of the transaction Gdansk raises concern in kind of assets worth nearly 0.8 billion zł. Put up the rest of the National Economy Bank and Bank Pekao.

Increasing involvement in PKM Duda Cedrobu positive … – PortalSpozywczy.pl

Increasing involvement in PKM Duda Cedrobu positive … – PortalSpozywczy.pl

adds the expert, on the other hand, it is worth remembering that the PKM Duda includes your business different market segments: animal, vegetable, processing and distribution, possessing in some areas of spare capacity. Any closer cooperation between CEDROB and PKM Duda could benefit both companies.

Rykaczewski advises that meat market in Poland is very fragmented, so do not expect that this transaction, in the planned shape, had a significant impact on the market.

– The financial crisis and the significant losses on options in 2008-2009 brought about a change in the ownership structure of PKM Duda and changed the way the company’s management. In recent years the company realized a wide restructuring program, the aim of which was to a large extent the repayment of debt. A significant part of the company was directed to pay debts which had a negative impact on investment. The last time the company is negotiating with banks, debt restructuring, in terms of extension of payment terms. Such an operation would have the intention to allow for raising the level of investment necessary especially in the segment of animal husbandry, processing and distribution. Thus, it seems that the company after heavy moments turning the corner – says Rykaczewski.

Recall Cedrob called today to sell nearly 6.4 million shares of PKM Duda, representing 23 per cent. of the share capital of the company. A single paper is expected to cost 7.40 zł. Thanks Cedrob intends to increase its commitment to PKM Duda than tripled.

More on this topic: Cedrob wants to buy additional shares of PKM Duda

40 tons of apples for Russian children. Are the Russians let the aid of … – Newspaper Olsztyńska

40 tons of apples for Russian children. Are the Russians let the aid of … – Newspaper Olsztyńska

- Our initiative has a social dimension, goes beyond political divisions and is an expression of solidarity societies of the two countries and an expression of support for Polish entrepreneurs agri-food sector – says Patrick Renaul, CEO of the Musketeers in Poland. – We are not alien to the problems of the Polish inhabitants of the neighboring Kaliningrad associated with serious restrictions on access to foods. Any we also can not go past the situation of Polish agricultural entrepreneurs and growers who are our major business partners – he adds.

Transportation has to leave for Russia on September 12.

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Intermarche wants zawieźć Polish apples to Russia – PortalSpozywczy.pl

Intermarche wants zawieźć Polish apples to Russia – PortalSpozywczy.pl

– attentively watching the events related to the reduction of trade between the Polish and the Russian Federation. We constantly follow the consequences taken in application of both societies decision. We are not alien to the problems of the Polish inhabitants of the neighboring Kaliningrad associated with serious restrictions on access to foods. Any we also can not go past the situation of Polish agricultural entrepreneurs and growers who are our major business partners – comments Patrick Renault , President of the Group Musketeers in Poland.

The CEO of the Musketeers turned to Alexandra Alekseeva, Ambassador of the Russian Federation in Poland, asking to be allowed entry to the Kaliningrad Region convoy of five trucks which carry 40 thousand. kg Polish apples. Transportation is scheduled for September 12 this year.

– Our initiative has a social dimension, goes beyond political divisions and is an expression of solidarity societies of the two countries and an expression of support for Polish entrepreneurs agri-food sector – summed Patrick Renault.

Commercial network Musketeers Group currently has 208 supermarkets and 99 Bricomarché Intermarché. Appointment of the strategic directions of both networks handled by the company ITM Poland. The Musketeers are present in 6 European countries: Poland, France, Belgium, Portugal and the Balkans. In 2013 the turnover of the Musketeers in Europe amounted to nearly 40 billion euros.

The richest MP wants to buy a stake Bagpipes – Biztok.pl

The richest MP wants to buy a stake Bagpipes – Biztok.pl

Cedrob, Ciechanowska company that is a leader in the processing of poultry, calls for sales of more than 6 million shares of Duda, after 7.4 zł per share. If the deal comes to the company, Cedrob will be almost 33 percent. giant stake in the production of red meat.

Cedrob declared that treats Duda commitment to long-term investment and intends to lead to the commencement of commercial cooperation between companies. Cedrob is controlled by Miroslaw Koźlakiewicza, the richest MP, called the “king of the poultry.”

His fortune is estimated at approx. 48 million zł. Last year, CBA agents during the analysis of asset declarations Koźlakiewicza found that he is established on land leased from the Agricultural Property Agency. It’s about areas near poultry farms. Miroslaw Koźlakiewicz stated, however, that the Act did not break: “I have not been driving economic activity (in the breeding and rearing of poultry) on land and buildings being leased by the State Treasury Agricultural Property Agency.” – Quoted words Koźlakiewicza Legal Newspaper. Through the turmoil of the CBA even considered putting the legitimacy of Deputies. So far, however, decided not to take this step.

Polish Yields on 10-year bonds may fall below … – Banker

Polish Yields on 10-year bonds may fall below … – Banker

Interest rates on 10-year bonds Polish government is close to the historic low of 3.08 percent. In the coming days or weeks, the bonds can break the barrier of 3 per cent., Which favors the first since 1989. Deflation and uncertainty about GDP growth in the second half. In the medium and longer term, however, analysts expect growth yields on Polish bonds because inflation will slowly closer to the NBP, which is 2.5 per cent.

 

 

– We have two main factors. Firstly, inflation is falling, according to recent data from the Central Statistical Office in July we had deflation minus 0.2 percent. year to year. In addition, Russia imposed sanctions, which means that the hole that he had achieved the CPI in July, will be reached in August at a lower level. It awakens investors’ expectations for interest rate cuts. At the moment, the market discounted 50 basis points cut in this year – says in an interview with the news agency Newseria Investor Dr. Miroslaw Budzicki, strategist financial markets in PKO BP SA.

 

At the July meeting of the Monetary Policy Council members opted for a reduction in interest rates in the near future, if deflationary trends persist and the economy will slow significantly – according to a press release of the NBP. According to some economists, the MPC may decide to loosen monetary policy in September.

 

A low bond yields and downward pressure on the NBP interest rates also stems from the policy of the European Central Bank, which decided to introduce an extraordinary tool to stimulate economic situation in the euro area (including long-term credit lines to banks and a negative deposit rate). The ECB has not ruled out a run buying ABS ( asset-backed securities ), and it still will increase the interest rate disparity between Polish and Euroland, which in turn can lead to the strengthening of the zloty, and consequently aggravate deflation – according to “minutes” of the MPC.

 

– It seems to me that the coming weeks will continue to be a continuation of the current trend. It is possible that the market will be discounted even cut interest rates by another 25 basis points. From this point of view, there are still possible, despite the very low yields, further declines in profitability, or increases in prices – believes Budzicki.

 

On Friday, yields on 10-year Treasuries Polish was about 3.1 percent., While the French – 1.37 per cent., And German – 0.98 percent. Even if the reference rate would fall by 50-75 points. base to 1.75-2 per cent., the long-term bond yields of the Polish government did not approach the levels that are currently the most important economy in the eurozone.

 

– We are dealing with a different economy, we are an emerging market. Naturally we will list a higher premium to German securities. We also have to decide higher interest rates and a completely different macroeconomic situation. Rule out such a sharp decline. However, in the coming weeks, yields on 10-year bonds will be tested level of 3 percent. and it is possible that it beat – forecasts of the financial markets strategist at PKO BP.

 

close the record prices of Polish debt increase investment risk, as exemplified by the sale and implementation of short-term profits at the end of July and August. The pretext for the fall in bond prices – that is, increase their profitability – may be the lack of interest rate cuts in September or optimistic data from the Polish economy, which dramatically reduce the chance of easing monetary policy. According to the projection of the NBP inflation should gradually increase in the coming quarters, which in the long term will lead to a decline in bond prices.

 

– I think that in the coming weeks, the yield may even decrease. From the point of view of an investor should hold bonds in the short term, while in the medium and long in my opinion they lose – predicts Dr. Miroslaw Budzicki.