Embargo on Russian coal? – Onet.pl

Embargo on Russian coal? – Onet.pl

Imports of cheap raw materials provoked fury of the mining industry and led to protests, including the Polish-Russian border. Therefore, urgent works on the Law of the system controlling the quality of fuel and the draft amendments to the energy law.

– This is not a multi-act, this means that work can proceed quickly. May be adopted next week – said Tomasz Tomczykiewicz. He added that their implementation will continue, but is convinced that by the end of the year “will be the first symptoms of” change. This in turn will lead to the fact that the Polish market will be checked less coal, although you can not enter the embargo on this imported by Russia, because such a decision is the competence of the European Union.

On Wednesday, the first reading of the draft of the Special Commission for energy and energy resources.

Deputy Economy Minister also referred to the issue we pay and maintain at all costs unprofitable mines.

– If we can with high probability we can say that we are dealing with persistent unprofitability, is adding money to such plants results in a reduction of expenditure on these mines, in which this profitability is. This is opening the way for competition, which is capable of cheaper coal to enter our market – said Tomasz Tomczykiewicz.

Deputy Minister argued, moreover, that the coal industry may collapse without reform. In his opinion, the unions must take into account the state of the companies, otherwise all miners employed in them may lose their jobs. – It would be at least a lack of prudence, as no diversion – rated.

IAR / polskieradio.pl

Integer.pl: Negotiations with mail – Parquet

Integer.pl: Negotiations with mail – Parquet

author: Krzysztof Skłodowski

Source: Fotorzepa

On Wednesday, is expected to start talks between the state and the Polish Post associated with a listed group company Integer.pl InPost – learned “Parquet”.

The parties have to forget about current struggle for market and start working. Rafał Brzoska, CEO of Integer, confirms the will of the talks from the Post Office. – Both the environment – private operators and the state-owned – cooperation can only benefit – highlights, adding that topics of conversation are very cross . – Ideas to cooperate with PP we have really a lot, ranging from sharing facilities and network optimization. Thanks PP will not only make our correspondence, but also will be able to save on your network. And we know that the maintenance of facilities, especially in small towns, is a huge cost – explains Brzoska.

Peasant: Polish mining needs two years – Interia

Peasant: Polish mining needs two years – Interia

hard work, watch costs and shifting production to the wall, where it can be carried out efficiently and rationally, it is a prescription for the Polish mining industry – said on Tuesday in Gliwice Deputy Prime Minister Janusz Piechociński.

• Coal from Russia has a limited impact on current bad situation of the state Coal Company. The main problem, as it is low efficiency and high production costs. Reducing imports will only move the cost of inefficient operations, the state-owned company, consumers, and not a substitute for the necessary reforms considered an expert Civil Development Forum. more »

In an interview with reporters at the factory NGK Ceramics Polish Peasant informed, inter alia, that Ministry of Economy decided to start a mechanism inefficient quenching decks and whole mines by the Company Restructuring Mines.

He referred also to providing forecasts for next year persistence of very low coal prices: 73-75 dollars per ton.

“As you know under what strong impulse downturn in the price of coal will also Silesian mining. Hence, do not be surprised that the managers of mining coal allowances indicate a problem, the problem of a different model of the relationship between work establishment and running or building a payroll system, which is based not only on the quality, quantity of coal produced and rationality, but also some economic efficiency – better use of equipment “- Deputy Prime Minister pointed out.

– It also requires the taming of thinking that the + state or local government can give, and you will not need to change anything +. To keep all the jobs in the Polish mining, especially in mining Silesia, which works with the historical burden of the very often difficult resources, the need for great determination and a lot of work in the mining environment – he added.

Asked what is the recipe for the current situation of the industry responded that “hard work, watch costs, shifting production to the walls, where coal is mined efficiently and rationally, and eliminate where they are important, very deep loss.”

Piechociński stressed that some of the stability issues of development of Polish mining takes on the state. He recalled the “huge expenditures” on research and development and various forms of support within the permitted aid. Perspective to ensure, inter alia, great-effective carbon energy blocks in Opole and Kozienice (although at the same time they will drop the unit coal consumption.)

The Deputy Prime Minister pointed out that since the mining industry operates under, inter alia, increasing the share of renewable energy, taking into account the economic categories Economy Ministry has decided to start a mechanism blanking decks and inefficient mines by Mine Restructuring Company (NDS).

This is the first mechanism to be applied in the case of Sosnowiec mine Kazimierz- Julius. After protests against plans to its rapid elimination eventually the plant will continue to fedrował – as stated in the agreement – under economically justified. Will also be taken over by SRK, but this will require amendments to the Law on the Functioning of the mining industry (in terms of extension of the period during which the company can enjoy the benefits of the Act; previous ended in 2007.).

Piechociński reiterated earlier statements representatives of the ministry that the project will be in parliament later this week. “We will do everything, together with Mrs. Prime Minister Kopacz to the Parliament on the future all these formal legal procedures have passed” – he declared.

Speaking about appearing already in the Parliament draft amendments to the Law on the monitoring and control of fuel quality Piechociński pointed out, it’s about building a culture in which all carbon traders also imported, subject to clear and control mechanisms.

– We’ve got to deal with suspicion when it comes to quality issues, issues invoices, and that brings up mixed coal, which is later in the respective fractions of the underpricing costs spread over the country – Piechociński explained.

In his view, the source of recent tensions in the mining industry is not only difficult for the industry in the last two years, the price situation, emotions between managers and crew, but also the tension between the trade unions. “Dialogue and consensus are possible, but under the condition that on both sides there is no bidding and radicalization. And at times the last differently” – rated.

• The Minister of Economy in Regulation define the quality requirements for coal that will kontrolowana- on the borders by the Customs Service and retail trade inspection by the authorities. more »

however, warned against extreme Rankings Polish mining industry. “As the miners will arrive down, all we demand from the state authorities to rule on any conditions went and solved the problem. But understand this: do it with some vague, illegible money. Contrast, those who look at various forms of permissible aid for modernizing and restructured mining, ridicule it because their sector that there is no “- he argued.

Deputy diagnosed that the Polish mining industry currently needs two years of intense policing costs. ” It matters stabilization of , rationality, removing certain costs of mining, the regulation of matters of property, which are borne by the operation of the mine, as the company apartments “- was named Piechociński.

He explained, inter alia, that the department wants to encourage tenants to emergency mode preference bought a home and build a community, or local authorities to transformed these resources in the communal property. He also appealed for the cooperation of local governments in the transmission of redundant mining areas.

• The largest Polish coal exporter Węglokoks company is planning to direct coal mining. Meanwhile, the situation in the industry is becoming increasingly difficult. On the sale of coal industry has lost more than 1 billion zł, in the previous year, in landfills remains unsold 8.3 million tons of coal.
            more »

Notwithstanding the declaration of determination in action after the state authorities Piechociński appealed on Tuesday for” understanding “to the mining community. “That’s because today you have to significantly reduce costs and focus on those resources and mines, where we produce without loss” – he concluded.

When asked what’s expected after Wednesday’s expose Deputy Prime Minister Ewa Kopacz pointed out that among others, “A strong thread of mining.”

Information point in the kop. Kazimierz-Juliusz works again – Virtual Poland

Information point in the kop. Kazimierz-Juliusz works again – Virtual Poland

In mine Kazimierz-Juliusz resumed on Tuesday activity point for employees. From Wednesday, all they have to become a formally employees of KHW (KHW). It’s about telling them about. Thousand contracts and clarify the doubts.

KHW spokesman Wojciech Jaros told PAP that point worked in the mines until Friday, when the workers at the mine were collected statements of the transition to work in other establishments. Now, at the behest of the incumbent President of the Holding Zygmunt Łukaszczyka point running again – will be open for another hour days. 6 to 21

“It’s about facilitating and possibly smooth execution of the formal side carrying mine workers Kazimierz-Juliusz structures KHW SA under an agreement between KHW SA board of Kazimierz-Juliusz and the social side” – said Jaros. He added that the punt will run until giving all employees new employment contracts, prepared and delivered there within two days by the Shared Services Centre KHW. This is to be completed by the end of the week.

“Due to the number and the absolute necessity of direct contact with each of the employees, it requires time. Especially since it is difficult to rip the order of termination of the contract, or of starting changes. Especially when employees communicate that they do not familiar with the agreements concluded in the night from Saturday to Sunday, September 27-28., and once again you have to explain everything from scratch “- said Jaros.

Management Holding urges miners to the entire operation came with calm understanding. Łukaszczyk assured that all doubtful cases shall be resolved on an ongoing basis, and any slight time shift that may occur in individual cases will not affect the continuation or continuity of employment.

On Sunday morning, after more than 11 hours in Katowice conducted negotiations with representatives of government, employers and trade unions signed an agreement ws. Future of the mine, which was to end coal mining in September. This document will provide extra time for mine action and ensures workers employed in the structures of KHW.

The parties agreed that the previously employed at the mine (ie approx. Thousand people) from October 1 will become employees of KHW, on the same basis as other employees of the company. Some of them – in the first period of approx. 500 people – will continue to be employed in Kazimierz-Julius, and as blanking extraction will be passed to other mines KHW.

It is not known how long the liquidation of the mine. According to the record of the agreement, coal mining will continue in the terms “economically justified”.

Kazimierz-Juliusz the last active coal mine in the Basin Dabrowski. Board of KHW wanted to end the exploitation of coal already the end of September, explaining that the exhaustion of available reserves and increase in problems related to the profitability and safety of residual extraction. According to earlier announcements mine had to work longer.

It’s over imports of Russian coal? The government is preparing changes in the law – Dziennik.pl

It's over imports of Russian coal? The government is preparing changes in the law – Dziennik.pl

The next week Diet can be changes in the law, which greatly hinder the import of cheap coal from Russia. Deputy Minister of Economy Thomas Tomczykiewicz said this in a radio Jedynce.Sprowadzanie cheap raw provoked fury of the mining industry and led to protests, including the Polish-Russian border.

In this regard the government urgently working on a law on the system of controlling the quality of fuel and the draft amendments to the energy law. Thomas Tomczykiewicz argued that the law is not complicated, and their adoption supports the opposition, so work should proceed quickly. Tomorrow the first reading of the draft in the Special Commission for energy and energy

SEE ALSO: The famous president Nowa Sol: Do the children of miners have different stomachs? & Gt , & gt; & gt;

The government adopted a draft amendment dot. Indexation of pensions (description) – Virtual Poland

The government adopted a draft amendment dot. Indexation of pensions (description) – Virtual Poland

The government adopted on Tuesday a draft amendment of the Law on pensions from the Social Insurance Fund. According to him, next year’s indexation of such benefits shall not be less than 36 zł. After the changes will provide the lowest 880.45 zł.

“For the low inflation increase pensions next year would be very small. Lowest pension would increase only 9 zł. Could not agree to it” – so the need for a project justified the labor minister Wladyslaw Kosiniak- Kamysz, quoted in Tuesday Communication Ministry.

“The greatest support will be the person with the lowest pensions. Their benefits will increase by 4.26 percent. Instead, an increase of 9 zł, 36 zł get” – he added.

According to him, the new rules will benefit indexation of almost 92 percent. pensioners of the Social Security and all of ASIF and receiving retirement benefits and social pensions. No one on changing the way indexation will not lose.

As announced Government Information Centre, the draft prepared by the Ministry of Labour provides a one-time modification of the currently existing indexation of pension benefits. According to the approved proposal from March 1 next year, benefits from the Social Insurance Fund will be increased by 1.08 per cent., But the increase may not be less than about 36 zł. “In this way, the level of minimum benefits will be further protected” – stressed the CIR.

As a result, the proposed indexation increase the lowest benefits to a level close to the subsistence minimum per person in double pensioner households and “increase their sense of security and stability.”

Currently, benefits are increased with the assumption maintain purchasing power in relation to the cost of living during the preceding calendar year and an increase above the rate of inflation by at least 20 percent. real growth in average salary in the previous year.

Application of next year indexation percentage-quota, or indexation rate with a guaranteed minimum rise of 36 zł will make all payments under 3333.33 zł per month will be increased to a greater extent than if they were carried out according to the current indexation rules. As a result of the proposed changes in people receiving minimum pensions get 880.45 zł. If only apply indexation rate would be 853.57 zł.

CIR said that under the indexation by the same percentage basis will be increased benefits from the Social Insurance Fund. “The behavior of the real amount of base is essential, because it determines the amount of the benefit przeliczanego after indexation, for example. Increments on the application of contributory and non-contributory or determining other benefits” – reads.

In the case of disability due to partial incapacity to work and disability group III, the minimum increase is expected to be 27 zł, or 75 percent. guaranteed minimum amount. “For persons receiving a partial pension adjustment amount can not be less than 18 zł” – noted.

Recipients receive a social pension is a benefit of 84 percent. zwaloryzowanej pensions for total incapacity for work. To increase the social pension will not be necessary to submit an application by a beneficiary, because it will take up the Social Security or pension authority of the office.

“The same rules for indexation of pensions will include individual farmers and the uniformed services. They also relate to bridging pensions, teacher training, compensation benefits, disability benefits for veterans and disabled veterans and soldiers” – according to the proposals adopted by the government.

retirement benefits and allowances are to be – according to the adopted proposal – increased by 36 zł.

Draft amendment also provides for the extension of the circle of family members who will be eligible for a funeral grant. To be joined: grandparents, children in foster care and those over which establishes legal custody.

During the public consultation Polish Association of Pensioners and Disabled proposed changes in the indexation adopted with moderate satisfaction. Although indicate that this is a step in the right direction, the proposed increases found to be too modest.

The company on: Analysts say “buy”. More than 10 per cent. potential – Money.pl

The company on: Analysts say "buy". More than 10 per cent. potential – Money.pl

2014-09-30 11:18

[Photo: Dmitriy Shironosov / Dreamstime.com ]

After a positive recommendation issued by analysts DM PKO BP shares Apator less than a percent more expensive. For a fixed target price is still lacking so kilkunastoprocentowego upward movement.

– Apator continued sustainable growth, based on already several strong legs. More and more positive you can say about the recent acquisition of Elkomtechu. The increase in segments Water and Heat and Power covers with a vengeance fall segment of Mining and Export east – assessed by experts.

Brokerage Analysts PKO BP – the report from September 23 – set the measuring equipment manufacturer recommendation Buy . One share, entering the WIG50 index, while the company valued at 43.50 zloty.

That’s about 13 percent more than yesterday’s closing price of Apator (38.50 zloty). Today, for one share of the company on the Warsaw Stock Exchange, after almost one percent growth, you have to pay less than 39 dollars.

positive about the prospects of the company also took its CEO, Andrew Szostak. – posted by our financial forecasts for 2014 are generally not at risk. We can say that the lower you look at the profit and loss account, the more it starts to look their implementation – said in the first half of September.

In his opinion, the company may raise this year’s forecasts for net profit. Apator in February reported that the forecasts for 2014 consolidated net profit in the range of 75 to 78 million. It may have a problem with that but when it comes to income, which affected situation with Russia, including in particular the ruble exchange rate.

Ads of financial services. OCCP initiated proceedings – Money.pl

Ads of financial services. OCCP initiated proceedings – Money.pl

2014-09-29 17:58

[Photo: goodluz - Fotolia.com]

/> President of the OCCP initiated against four financial institutions proceedings, during which check if their advertisements do not mislead consumers, and whether the way sufficiently informed customers about the cost of the proposed products.

He informed the Office of Competition and Consumer Communication administrative proceedings against the four financial institutions initiated on 17 September. They concern: Alior Bank (campaign guarantee lowest installment ), Bank of Food Economy (campaign Walnut Interest ), Euro Bank (campaign worth checking quality and price. Loan Cash with attractive interest rates from 5.7 percent. ) and Provident Poland (Campaign Try and stay ).

Concerns raised Office way of informing about the cost of credit. Important information for consumers about interest rates, the total amount to be paid and the annual percentage rate were not sufficiently exposed, and the time in which they were displayed, was disproportionately short total length of the ad. According to the OCCP customers of financial institutions who decided to take advantage of shown in this way offer, they may be insufficiently informed about the costs they will have to bear.

If the result of the investigation it turns out that entrepreneurs violated the collective interests of consumers may be imposed on them a financial penalty of up to 10 percent. previous year’s revenue.

Proceedings are the result of the monitoring of the financial market, which leads the OCCP. The report reveals that the Office received signals on the use by some institutions lack the expertise of consumers of financial products.

Market Live

in September last session on the Warsaw Stock Exchange again, it may take a …

Market Live

Learn how cunning Monday’s session on the New York Stock Exchange.

OCCP notes that inaccurate or incomplete information provided in advertising financial products often result in consumers taking the unfavorable decision for them. The most common problems associated with the advertising of financial products are: too small font and a short time to display the information on the actual costs, lack of information about the promotions apply to selected customers, and suggestions that the offered product is a unique opportunity in the market.

As quoted in the release stressed the OCCP President Adam Jasser, every consumer has the right to a fair, full and clear information about the product or financial service to be able to compare offers on the market and take the optimal decision for themselves .

Banks and other financial institutions should be a model of integrity merchant, consisting in the fact that at each stage clearly, fairly and objectively inform them about the conditions, costs and risks, as well as assist you to choose the product to the real needs and opportunities Customer – said President of the OCCP.

Alior Bank and Provident Poland provided in positions transferred to the PAP that we always act in accordance with the law.

Alior Bank presents information credit parameters clearly and sufficiently long on the boards of the final TV spot. In our opinion, the design of commercials Alior Bank does not deviate from the practice in this area by other banks operating in the Polish market – wrote his spokesman Julian Krzyzanowski

We work closely with the Office of the explanation this case. At the same time, we ensure that our advertising messages always we make every effort to present comprehensible and information required by law. We believe that advertising increases security transparent use of financial services, however, due to the emerging divergence of interpretation in law, we see an additional need to develop best practices for the entire market: banks, JUMPS and loan companies – told PAP director of the department of corporate Provident affairs in Poland Patrycja Rogowski-Tomaszycki.

Euro Bank and BGZ would not comment on the decision of the OCCP. PR manager of the first institutions Anna Kula only confirmed that the bank received the notice of initiation and announced that therefore take the steps required by law, .

There are new EU compensation for farmers. For Polish to 18 thousand. tons … – Polish Radio

There are new EU compensation for farmers. For Polish to 18 thousand. tons … – Polish Radio

The funds will be used to withdraw products from the market.

In mid-August, the European Commission announced the first program of support for fruit and vegetable producers, but a month later it suspended because of doubts as to the submission of applications.

The new program of the Commission envisages that each of the 12 countries that most export to Russia, will have a certain amount of fruits and vegetables, which will be able to report.

The products are divided into four groups: apples and pears, citrus fruits, other fruits (including prunes), and vegetables, including cucumbers and peppers.

Poland is entitled to 18.7 thousand. tons of apples and pears

Poland – according to the Commission’s proposal – is entitled to a maximum of 18 750 tonnes of apples and pears.

is an additional 3 thousand. t to withdraw from the market

In addition to fixed amounts each member country will have an additional reserve of 3000 tons for the withdrawal from the market of products included in the program.

According to EU Commissioner Committee. Agriculture Dacian Ciolos these actions will bring “short-term relief” in the market affected by the Russian embargo.

The measures of the new package will be available by the end of this year.

IAR, jk

Prostitution and drugs in Polish GDP – TVN 24

Prostitution and drugs in Polish GDP – TVN 24

Maciej Knapik

Political Reporter TVN 24, associated with the station since 2001. Author of numerous foreign correspondence and reports. In addition, “Yes … expand

Political Reporter TVN24 associated with the station since 2001. Author of numerous foreign correspondence and reports. In addition to “Yes” ran on TVN24 include “Warehouse 24 Hours”, “Scanner Political” and “Lodge of the Press”. Iberysta of education.

collapse

KE: an additional 165 million euros in aid to fruit and vegetable sector – Onet.pl

KE: an additional 165 million euros in aid to fruit and vegetable sector – Onet.pl

The new support scheme will complement the first program of compensation for this sector, announced on August 18, which was for 125 million euros. September 10 Commission suspended that scheme, because the value of the initial applications for compensation exceeded the amount allocated to them.

In new program of compensation – as before – to be paid for the withdrawal from the market of some perishable fruits and vegetables listed in the Annex to the Regulation. This time, however, farmers from 12 countries of the EU, which exported to Russia, most will be able to get support only to a certain limit production, withdrawn from the market as a result of the embargo.

These limits established on the basis of the average volume of exports to Russia in the period from September to December in the last three years, and after deducting the volume of production, which has already been declared in the preliminary findings in the first compensation scheme.

Because 85 percent. all the preliminary conclusions of the first program of support came from the Polish, the second program of Polish farmers will benefit very little. The project foresaw the EC limit for Polish at 17 thousand. tons of apples and pears.

The biggest compensation can count those who withdraw their products from the market, passing them for free distribution (eg. schools or for the poorest). The lower support is in the case of non-harvesting, green harvesting and composting. Slightly more accessible, farmers gathered in the producers’ organizations (75 per cent. Specific rates for the withdrawal from the market in a form other than free distribution, while farmers receive 50 percent. This rate.)

The new compensation program will comprise four groups of products: apples and pears (up to 181 thousand. tons); citrus fruits, including oranges, mandarins and clementines (96 thousand. tons); other vegetables, including carrots, cucumbers, peppers and tomatoes (44.3 thousand. tons), kiwi, plums and grapes (total 76.8 thousand. tons). After the compensation will not be able to have reported the producers of cabbage, cauliflower, broccoli, mushrooms and berries.

T. Tuor requested the court ws. ‘Illegal’ seizure of power … – Forsal.pl

T. Tuor requested the court ws. 'Illegal' seizure of power … – Forsal.pl

Tuor said that by 25 until 2014 lawsuit to the District Court in Warsaw on “illegal seizure of power” in the company PZ CORMAY SA The lawsuit challenged the resolution of the general meeting, giving rise to changes in the composition of the supervisory board and, consequently, changes in its board of directors, which occurred on August 26 this year.

According Tuory, resolutions of the general are invalid and there are also grounds for their repeal.

“These resolutions were adopted with the votes of the shareholders who have entered into an agreement in violation of the disclosure obligations under the Act on Public Offering. Agreement reconciles the interests of the same PZ CORMAY SA and shareholders participating in the agreement” – also wrote Tuor.

This is the agreement allowed, in his opinion, to take control of the company and market a breakthrough device for blood tests BlueBox and several other innovative products.

“The conclusion of certain shareholders agreement provides a range of circumstances, including consistent vote of all the members of the agreement on the resolution of the general meeting. Additionally, during the session, it turned out that all candidates for supervisory board members, as well as future new CEO of PZ CORMAY SA, were present at the meeting. persons, therefore they had to be certain that they will be appointed to the Company’s governing bodies. worth noting that their candidates were not disclosed prior to the start of the general meeting “- reads.

& gt; & gt; & gt; Read also: PZ CORMAY: Net loss is 7.69 million zł in the first half. 2014. Towards profit a year earlier

Tuory opinion, the appeal of the posts of people who have extensive experience in the industry, expert knowledge of the products offered by PZ CORMAY SA and have an extensive network of contacts, allowing for the successful development of the company, has been carried out illegal and detrimental to the interests of PZ CORMAY SA and minority shareholders.

In August of this year. the supervisory board dismissed PZ Cormay President Thomas Tuora and board member Barbara Tuor-Wysocka and appointed in his place Janusz Plocice – in the years 2005-2014 President of Zelmer. The second member of the board was Wojciech Suchowski.

PZ Cormay is a manufacturer of high quality diagnostic reagents and distributor of world-class medical equipment. For more than 27 years engaged in the production of in vitro tests for clinical chemistry, electrophoresis, hematology, coagulation and blood group serology.

The ever-increasing debts of parents towards children – GazetaPrawna.pl

The ever-increasing debts of parents towards children – GazetaPrawna.pl

Author: Marek Chądzyński 09.29.2014, 17:00; Updated: 09/29/2014, 17:15

The amount of unpaid child support entered into the credit bureaus already exceeded 10 billion zł. Source: ShutterStock

Amount unpaid child support entered into offices economic information has already exceeded 10 billion zł.

Most debtors who do not pay for the maintenance of their children, has based its National Debt Register. Today there are nearly 170 thousand. and their families are guilty of nearly 4.6 billion zł. President KRD Łącki Adam notes that the amount of debt maintenance is increasing. The registry data shows that over the past five years, the debt increased by more than 2.4 billion zł. Similar trends also record other information bureaus (BIG). Unpaid child support reported to the BIG InfoMonitor is now 3.4 billion zł (in 2010. Was 2.1 billion zł), while those entered in the Register of Debtors ERIF a 1.6 billion zł (from 2012 onwards. Increased by 700 million zł .)

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Qatar has sold a gas contract with PGNiG – Business Pulse

Qatar has sold a gas contract with PGNiG – Business Pulse

According to the newspaper in such a situation for LNG supplies to Polish no reply other company – investment bank Merrill Lynch.

In this scenario Polish decrease the chances of renegotiating the contract.

According to the agreement, PGNiG was received in gazoporcie in Swinoujscie imported LNG from Qatar. Contracted the 1 million tonnes, or about 1.5 billion cubic meters of liquefied gas. Deliveries were to begin in the second half of this year and last 20 years.

The agreement assumed that the supply will begin later this year. LNG terminal in Swinoujscie will be able to take the first shipments but only in 2015. According to analysts, for 1 thousand. cubic meters. PGNiG gas from Qatar can pay more than 650 USD, which is much more than raw material costs purchased from other directions.

More in “Dziennik Gazeta Legal.”

Prostitution, smuggling and drugs included in the GDP. GUS: an increase of 1.7 … – Polish Radio

Prostitution, smuggling and drugs included in the GDP. GUS: an increase of 1.7 … – Polish Radio

This is due to changes in the rules of calculation, so that the value of last year’s GDP rose by roughly 26 billion 300 million dollars.

In addition to the introduction of the new EU ESA2010 methodology, the calculation of this indicator also take into account the so-called black zone, or income from prostitution, drug trafficking and smuggling and cigarette production. The share of illegal activities in the last year amounted to 0.79 percent of GDP.
Proceeds of prostitution in 2013, the CSO estimated at 654 million zlotys, with drug trafficking nearly $ 10 billion, and cigarette smuggling for over 2 and a half billion.

The biggest change in 2013: 26.3 billion zł
New CSO GDP estimates take into account the years 2002-13. At this time, the impact of the changes to the level of this ratio ranged from 0.1 percent to 1.7 percent. The greatest change was recorded in 2013 – about 26 billion 300 million zlotys, and the lowest in 2008 – a little over one billion 800 million dollars.
New method of calculating is introduced across the European Union.

Main BPS TFI economist Christopher Wołowicz before the publication of the CSO data said that thanks to the calculations more we learn about the Polish economy, but also improve its statistical results. Besides likely to decrease the amount of public debt, which is calculated in relation to GDP.

Arthur Satora, a spokesman for GUS wliczaniu gray zone GDP.

Source: TVN 24 / x-News

GDP can be higher by up to several percent.
Krzysztof Wołowicz estimated that thanks to a new method of Gross Domestic Product could significantly increase. In previous years, the illegal zone of the Polish economy was ten percent – reminded.
new method of calculating GDP is introduced in Europe.

Experts: prostitution and drugs in GDP this bookkeeping, not real value.

Source: TVN 24 Business and World / x-News

IAR, Celebrating

Qatar sold us out? American financial giant took over the contract … – GazetaPrawna.pl

Qatar sold us out? American financial giant took over the contract … – GazetaPrawna.pl

It will be difficult partner to talk about changes in the conditions of the contract.

– The fact that financial institutions such as investment banks tend to be a party to contracts for the supply of gas, is obvious. They are an important element in this market – says Tomasz Chmal, an expert. Energy of the Sobieski Institute. As analysts comment on reports of the sales contract by Qatargas Polish? – Details of the transaction are as reliably – says a former high-manager in the fuel and gas. – Do not rule out that it was Merrill Lynch saw an investment opportunity and has begun the redemption agreement – he adds. Another person familiar with the gas sector confirms that a few months ago reached the information that the Qataris are looking for opportunity to sell Polish contract.

Theme Katarczyków

Why Qatargas would seek to get rid of agreement with PGNiG? Experts stress that the Qataris wanted to avoid renegotiating the contract with the Polish side. PGNiG authorities have repeatedly stated that they want to push in talks with the supplier changing circumstances. – We’ll have the contract multifaceted przenegocjować. These are the issues of price, delivery time, and many other things – announced earlier this year in the Polish Sejm, president of the group Mariusz Zawisza.

Recall: agreement assumed that deliveries will begin later this year . The problem is that the LNG terminal in Swinoujscie will be able to take the first shipments only in 2015. Though the parties had never revealed the pricing conditions, analysts estimate that 1 thousand. cubic meters. PGNiG gas from Qatar can pay more than 650 dollars., much more than raw material costs purchased from other directions.

Qatargas, as explained by one of our interviewees, did not want to renegotiate the contract and create a precedent demoralizing other contractors. Other clients might require similar changes in the agreements.

– Investment bank, taking such a contract, he buys a hen that lays the golden eggs – considered one of our interviewees. Recalls that the contract is valid for 20 years.

Consequences for PGNiG

What such a transaction would mean for PGNiG? – This would not be in my opinion, bad news for our company – says Tomasz Chmal. – Both Qatargas and Merrill Lynch are major players and both these entities can negotiate terms of the contract for the supply of LNG – he adds. The difference could rely on the fact that unless the conversation Katarczykami only apply to the energy sector, whereas negotiations with Merrill Lynch could include many other industries.

Optimism expert from the Sobieski Institute, however, do not share other party. – The prospect of reducing the burden, which is currently PGNiG Qatari contract, gave up – says Andrzej Szczesniak, in 2002-2006 associated with the Polish Organisation for Liquefied Petroleum Gas. In his opinion, the Polish side would not be able to reduce costs. – Contract would be virtually non-negotiable – says another expert.

renegotiate the contract

Screenplay compromise, in which there is a change of contract, would arise PGNiG on the line – Qatargas, analysts argue. Concession from the Polish side, however, would be to propose Katarczykom shares in any of our energy companies, for example. In Energa (Qatargas is part of a large state-owned Qatar Petroleum, which conducts extensive energy projects). The acquisition contract by the bank reduces the likelihood of a compromise scenario.

– If it was a conversation between state PGNiG and Qatargas state, it is possible government intervention. When a party is a private investment bank, any inter-State relations support no longer be – emphasizes Szczęśniak. Also warns against recourse to arbitration, as it once did, PGNiG and Gazprom. – If we decided on a similar movement would meet with an extremely tough opponent – he concludes. Institutions such as investment banks have a great experience and the best professionals from the arbitration process.

Merrill Lynch sells LNG Bałtom

Gas, as well as other fuels, as well as the materials may be investment banks – depending on the market situation – attractive. A good example is Goldman Sachs, which between 1999 and 2010. Fifth of their income owed just trade in raw materials. Current CEO Lloyd Blankfein bank who conducted the institution by the financial crisis originates from the part of the bank responsible for raw materials. His career started in the bank as a broker precious metals.

Merrill Lynch, which in the crisis was absorbed by Bank of America, should not be in this category to the players heavyweight. Part of the bank responsible for the gas trade, located in London, however, has serious ambitions. The Bank provides a liquefied gas to the two terminals in Europe: one in the Netherlands and one in the UK.

In addition, this year launched service contract for the supply of blue fuel to the Baltic countries. In the summer began the implementation of LNG supplies to Dubai. Seized from Katarczyków contract may provide for the division extremely attractive deal.

The more the material market is no longer so attractive for banks. Achieve high profits when can something cheap to buy, and expensive to sell, which is supported by market volatility. This, however, Europe is small, so that the top players at the beginning of this year proclaimed reducing its presence in the energy market in Europe. In addition, the commodity market has tightened competition – much more entities implement this type of activity, which increases competition and reduces margins. Changed the rules that restrict banks to leverage, so borrowing money under commodity operations. Also changed the climate around the banks where reluctant to look at it, that they support both commodity transactions, and actively participate in them.

Earnings in small and large cities in 2013 – GazetaPrawna.pl

Earnings in small and large cities in 2013 – GazetaPrawna.pl

Top-earning residents of larger centers received salaries in excess of 7 000 PLN gross per month. It’s about 1 700 PLN more than earned the highest paid workers in small cities.

Both large and small cities wages rose with the level of your education. The highest wages were reported among people with higher education graduate who worked in big cities. The median of their remuneration in 2013 amounted to PLN 5 000. While those with a master’s degree working in small, with up to 50 thousand. residents of towns earned an average of 4 000 PLN. The lowest salary received by persons with primary and secondary – 2 300 PLN in small towns and 2 500 PLN in large cities.

There was a significant difference in the salaries of people working in Polish and foreign companies. In large cities, the difference amounted to 1 950 PLN (Polish companies offered a salary of 3 800 PLN and foreign 5 750 PLN). However, in small towns differential wages of people working in foreign companies and Polish amounted to 1 400 PLN. (Average salary: 3 100 PLN Polish companies and 4 500 PLN in foreign companies.)

Iwona lure Sedlak & amp; Sedlak

Polish Investments and Development division – Banker

Polish Investments and Development division – Banker

Polish Investment and Development, the company that was to be the driving force for the Polish economy will be divided – writes “On”.

 
 
 

Weekly says, citing a person associated with the Ministry of the Treasury, that the cause is “branding considerations.” Winny is a former interior minister Bartlomiej Sienkiewicz. In the famous recorded by the waiters conversation with the president of National Bank of Poland Marek Belka very bluntly described the PIR.

 

saying entered the vocabulary of politics. Not only as a term of this idea premiere, but more broadly, as the term effects of his rule. “PIR as a heap of stones will be returned at every opportunity and the election campaign. This is not to disenchantment – quotes” On “the caller.

 

PIR should be divided into PIR and PIR Capital Management. And wait it is called. ufunduszowienie. PIR capital, or assets to be transferred to the new fund, which creates BGK.

 

As “On” the bank has already received; Financial Supervision Commission approval for such activity.

 

“As part of TFI BGK closed fund will function call him tentatively Poland Infrastructure. This is where the assets will go PIR. Today it is about 1.2 billion zł, which received this company for investment activities from the sale of shares on the stock exchange Polish Energy Group ( PGE) “- writes” On “. Weekly claims that after signing the contract with the bank, the fund company to manage PIR Management probably under a different name.

 

The full text will be available from Monday in the latest issue of the weekly “On”.

 

On / iar / power / tk

 

The operator arbitrarily changed the deal? Beware of loopholes – GazetaPrawna.pl

The operator arbitrarily changed the deal? Beware of loopholes – GazetaPrawna.pl

Consumers repeatedly wondering how to count the date by which you want to make a declaration of termination in the event of non-acceptance of the changes made “independently” by the operator. It turns out that this can be a key problem.

This could be changes to the high prices, changes in the package of conditions in the rules, consisting for example. To extend the period of notice, etc.. Lot of people who report to the Consumer Federation is convinced that if they could send a letter before term, it is – as in the case of correspondence with the authorities and the courts – is the date on the postmark.

Unfortunately, nothing could be more wrong – informs the Federation. The application is no art. 61 of the Civil Code, which provides that a declaration of intent, which is to be submitted to another person, is composed of the moment, when it came to her so that she could become familiar with its contents.

“Scripture has influence in accordance with Art. 61 KC to the operator. For example, if the operator has sent today a letter to me stating that the rules changed on 1 November. The period shall be calculated so that the letter of notice to the operator received before November 1. The operator can also select the letter that the regulations come into force on November 1, but the deadline utterances are therefore Oct. 25, one month from the time when I receive the letter. Then, to October 25 operator should affect our notice. “- Agnieszka Popławska the Consumer Federation.

That is why it is important to adhere to these terms. Otherwise, our agreement with the operator will continue, but with its negative consequences for the client, if the telephone company has concluded in his letter.
As we read in the newsletter Consumer Federation of nowhere legal regulations concerning the form or the method of delivery to the consumer information about these changes. For this reason, operators such information send by regular mail without proof of postage or delivery.

At the stage of judicial proceedings can require the operator to prove that the information about the changes we actually provided, which will be difficult, if did not do it by registered mail. We have recourse to art. 6 of the Civil Code, which states that – in this case – the operator has the burden of proving that provided us with information at a given time, and therefore there is a claim against a consumer.

Canadian president sentenced to 15 years in prison in Cuba – On 24

Canadian president sentenced to 15 years in prison in Cuba – On 24

As reported by CNN, 74-year-old Cy Tokmakijan, president of the Canadian company Tokmakijan Group, which manufactures automotive parts, was sentenced to 15 years in prison by a court in Havana. One due to corrupt practices.

According to the company, headquartered in Ontario, its president was convicted on fabricated charges, and the real reason arrest was to take over the assets of the company, worth $ 100 million.

In turn, according to press releases, the fight against corruption, announced by President Raul Castro since 2011. resulted in the expulsion of the island’s more than 150 businessmen and many smaller companies from Europe and America South.

According to the AP, foreign businessmen have long been accustomed to, that bribes are part of the “business culture” in Cuba. Castro, however, has repeatedly announced that “the eradication of widespread corruption is one of the most important challenges facing his country.”

CNN, BBC

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Animate ({‘opacity’: 0.3}); $ Ajax ({type: ‘POST’, url: ‘/F/ajax/comments.php’, data: {‘set-vote’: 1, ‘id_element’: id_element, ‘id_parent’: id_parent, ‘id_vote’ : id_vote, ‘is_large’ (is_large? 1: 0), ‘vote’: vote, ‘url’: comments_geturl (), ‘curl’: comments_geturl ()}, dataType: ‘json’, success: function (oJsonObject) {$ (‘body’). css (‘cursor’, ‘default’) $ (‘# comments-toolbar2 -’ + id_element + ‘-’ + id_parent + ‘.form-button-vote’). animate ({‘opacity ‘: 1}) if (oJsonObject) {if (oJsonObject.error) {if (oJsonObject.voted == 1) {$ (‘ # comments-toolbar2 – ‘+ id_element +’ – ‘+ id_parent +’ .form-button- vote ‘). attr (‘ disabled ‘,’ disabled ‘) $ (‘ # comments-toolbar2 – ‘+ id_element +’ – ‘+ id_parent +’ .form-button-vote ‘). addClass (‘ form-button-vote- Voted ‘);}} else {if (is_large & amp; & amp; oJsonObject.large_votes_buttons) {$ (‘ # comment-large-votes – ‘+ id_element +’ – ‘+ id_parent) html (oJsonObject.large_votes_buttons) $ (‘ # comment-large-votes – ‘+ id_element +’ – ‘+ id_parent) .animate ({‘ opacity ‘: 1}); } Else {$ (‘# comments-toolbar2 -’ + id_element + ‘-’ + id_parent + ‘.form-button-vote’). Attr (‘disabled’, ‘disabled’); $ (‘# Comments-toolbar2 -’ + id_element + ‘-’ + id_parent + ‘.form-button-vote’). AddClass (‘form-button-vote-voted’); $ (‘# Comments-toolbar2 -’ + id_element + ‘-’ + id_parent + ‘.form-button-vote-yes’). Val (oJsonObject.votes_yes); $ (‘# Comments-toolbar2 -’ + id_element + ‘-’ + id_parent + ‘.form-button-vote-no’). Val (oJsonObject.votes_no); }}}}, Error: function () {$ (‘body’). Css (‘cursor’, ‘default’); $ (‘# Comments-toolbar2 -’ + id_element + ‘-’ + id_parent + ‘.form-button-vote’). Animate ({‘opacity’: 1}); if (is_large) {$ (‘# comment-large-votes -’ + id_element + ‘-’ + id_parent) html (”); $ (‘# Comment-large-votes -’ + id_element + ‘-’ + id_parent) .animate ({‘opacity’: 1}); }}}); Comment_canSendAlert} function (id_element, id_parent) {var txt1 = $ .trim ($ (‘# allertcomment-text -’ + id_element + ‘-’ + id_parent) .val ()); var ret = false; if ($ (‘# comment-alert-type-1 -’ + id_element + ‘-’ + id_parent) .is (‘: checked’)) {$ (‘# allertcomment-text -’ + id_element + ‘-’ + id_parent) .hide (); ret = true; } Else if ($ (‘# comment-alert-type-2 -’ + id_element + ‘-’ + id_parent) .is (‘: checked’)) {$ (‘# allertcomment-text -’ + id_element + ‘-’ + id_parent) .hide (); ret = true; } Else if ($ (‘# comment-alert-type-3 -’ + id_element + ‘-’ + id_parent) .is (‘: checked’)) {$ (‘# allertcomment-text -’ + id_element + ‘-’ + id_parent) .hide (); ret = true; } Else if ($ (‘# comment-alert-type-4 -’ + id_element + ‘-’ + id_parent) .is (‘: checked’)) {$ (‘# allertcomment-text -’ + id_element + ‘-’ + id_parent) .show (); ret = ((txt1! = ”) & amp; & amp; (txt1.length & gt; 20)); } If (ret) $ (‘# comment-alert-send -’ + id_element + ‘-’ + id_parent) .removeAttr (‘disabled’); else $ (‘# comment-alert-send -’ + id_element + ‘-’ + id_parent) .attr (‘disabled’, ‘disabled’); Comment_canSendComment} function (id_element, id_parent) {var txt1 = $ .trim ($ (‘# newComment-text -’ + id_element + ‘-’ + id_parent) .val ()); var txt2 = $ .trim ($ (‘# newComment-nick -’ + id_element + ‘-’ + id_parent) .val ()); acetamide var = $ .trim ($ (‘# newComment-user-id -’ + id_element + ‘-’ + id_parent) .val ()); iduf var = $ .trim ($ (‘# newComment-user-fb-id -’ + id_element + ‘-’ + id_parent) .val ()); var ret = false; if ((txt1! = ”) & amp; & amp; (txt1.length & gt; = 3) & amp; & amp; (! $ (‘# newComment-moreinfo -’ + id_element + ‘-’ + id_parent) .is (‘: visible ‘))) {if ($ (‘ # newComment-type-3 – ‘+ id_element +’ – ‘+ id_parent) .is (‘: checked ‘)) {$ (‘ # newComment-moreinfo – ‘+ id_element +’ – ‘+ id_parent) .show (); $ (‘# NewComment-moreinfo -’ + id_element + ‘-’ + id_parent) .removeAttr (‘disabled’); } Else {$ (‘# newComment-moreinfo -’ + id_element + ‘-’ + id_parent) .slideDown (function () {$ (‘# newComment-moreinfo -’ + id_element + ‘-’ + id_parent) .removeAttr (‘disabled’ )}); }} If ($ (‘# newComment-type-1 -’ + id_element + ‘-’ + id_parent) .is (‘: checked’)) {ret = ((txt1! = ”) & Amp; & amp; (txt2! = ”) & amp; & amp; (txt1.length & gt; = 3) & amp; & amp; (txt2.length & gt; = 5)); } Else if ($ (‘# newComment-type-2 -’ + id_element + ‘-’ + id_parent) .is (‘: checked’)) {ret = ((txt1! = ”) & Amp; & amp; (acetamide & gt , 0) & amp; & amp; (txt1.length & gt; = 3)); } Else if ($ (‘# newComment-type-3 -’ + id_element + ‘-’ + id_parent) .is (‘: checked’)) {ret = ((txt1! = ”) & Amp; & amp; (iduf & gt , 0) & amp; & amp; (txt1.length & gt; = 3)); } If (ret) $ (‘# newComment-send -’ + id_element + ‘-’ + id_parent) .removeAttr (‘disabled’); else $ (‘# newComment-send -’ + id_element + ‘-’ + id_parent) .attr (‘disabled’, ‘disabled’); Comment_loginUser} function (id_element, id_parent) {var txt1 = $ .trim ($ (‘# newComment-user-nickname -’ + id_element + ‘-’ + id_parent) .val ()); var txt2 = $ .trim ($ (‘# newComment-user-pwd -’ + id_element + ‘-’ + id_parent) .val ()); $ (‘Body’). Css (‘cursor’, ‘wait’); $ Ajax ({type: ‘POST’, url: ‘/F/ajax/comments.php’, data: {‘login-user’: 1, ‘l’: txt1, ‘p’: txt2, ‘url’ : comments_geturl (), ‘curl’: comments_geturl ()}, dataType: ‘json’, success: function (oJsonObject) {$ (‘body’). css (‘cursor’, ‘default’) if (oJsonObject) { if (oJsonObject.error) {$ (‘# newComment-user-err -’ + id_element + ‘-’ + id_parent) html (oJsonObject.error);} else if (oJsonObject.id_user & gt; 0) {$ (‘. newComment-user-box – ‘+ id_element +’ – ‘+ id_parent) .remove () $ (‘ # newComment-user-id – ‘+ id_element +’ – ‘+ id_parent) .val (oJsonObject.id_user) $ (‘ # newComment-infobar – ‘+ id_element +’ – ‘+ id_parent) html (‘ ‘); $ (‘ .comment-newComment-form – ‘+ id_element +’ – ‘+ id_parent +’ .comment-newComment-thumb img ‘). attr (‘alt’, oJsonObject.username) $ (‘.comment-newComment-form -’ + id_element + ‘-’ + id_parent + ‘.comment-newComment-thumb img’). attr (‘title’, oJsonObject.username) , $ (‘# newComment-type-2 -’ + id_element + ‘-’ + id_parent) .attr (‘checked’, ‘checked’) if (oJsonObject.userurl) {$ (‘.comment-newComment-form-’ + id_element + ‘-’ + id_parent + ‘.comment-newComment-thumb img’). addClass (‘pointer’); $ (‘.comment-NewComment-form -’ + id_element + ‘-’ + id_parent + ‘.comment-newComment-thumb img’). Click (function () {location = oJsonObject.userurl;}); } If (oJsonObject.userthumb) {$ (‘.comment-newComment-form -’ + id_element + ‘-’ + id_parent + ‘.comment-newComment-thumb img’). Attr (‘src’, oJsonObject.userthumb); Comment_canSendComment} (id_element, id_parent); } Else {$ (‘# newComment-user-err -’ + id_element + ‘-’ + id_parent) html (‘An error’); }} Else $ (‘# newComment-user-err -’ + id_element + ‘-’ + id_parent) html (‘An error’); }, Error: function () {$ (‘# newComment-user-err -’ + id_element + ‘-’ + id_parent) html (‘An error’); $ (‘Body’). Css (‘cursor’, ‘default’); }}); Comment_textareaAutoHeight} function (textarea) {/ * if ($ .browser.mozilla) {var tah = $ (textarea) .Height (); if (tah – & gt;

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