Saturday, January 31, 2015

Leszek Balcerowicz reform will help Ukraine? Poroshenko … – Polish Radio

Leszek Balcerowicz reform will help Ukraine? Poroshenko … – Polish Radio

CRISIS IN UKRAINE – special service & gt; & gt; & gt;
– Poland is a model of the state, we have successfully reformed its economy and became a full member of the European Union and the OECD (Organization for Cooperation Economic Cooperation and Development). Ukraine, which entered the path of reform, is interested in Polish experiences, for example in the field of local government – Poroshenko said during a meeting with the visiting Ukraine Balcerowicz.
President stressed that Ukraine, which “is the object of aggression”, needs international support to stabilize the economy.
– Today we have a government with the highest potential, very professional and pro-European. We have a unique opportunity to carry out reforms in the country – said Poroshenko, suggesting Balcerowicz part in these reforms.

Balcerowicz: count three factors
Balcerowicz, in turn, pointed out that the implementation of changes are important three factors: strategy, speed reforms and reformist team. – At one time it was (Balcerowicz) warned against unpopular measures, but in his opinion without appropriate steps in the country may arise threat of further deterioration of the situation – the government statement said Poroshenko.
Balcerowicz stressed in an interview with Ukrainian President, it is very It is important that the authorities in Kiev witnessed the devotion of his reforms, and above all the attention on reforming the budget, giving up all subsidies, but at the same time protecting the most needy groups.
stressed that Poland must take place reducing the budget deficit is also a way to reduce pension costs by raising the retirement age to 67 years – we read in the presidential office in Kiev.

PAP / agkm

Fig.

Fig. the administration of President Petro Poroshenko

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Chevron withdraws from shale gas exploration in Poland … – Polish Radio

Chevron withdraws from shale gas exploration in Poland … – Polish Radio

Chevron explains in a brief statement that the perspective of Polish life deposits are not very competitive compared to other investments of the company. Chevron will continue searching for shale gas in Ukraine.

Chevron profits fell by 30 percent.
decision is likely related to the publication of data on the financial situation of the company. Chevron profits in the fourth quarter of last year fell by nearly 30 percent compared to the same period of 2013.

Chevron announced, inter alia, a significant delay in the construction of LNG terminal in Canada. It was stressed that the impact of the decision are also increasingly lower energy prices.

Chevron was 100 percent. interest in the concession for the operation of the four fields
In Poland, Chevron has worked closely with the company PGNiG. Kooperowały companies, among others in the search for gas at Roztoczu. Chevron had a 100 percent interest in the licenses for the operation of the four fields – Kraśnik, Zwierzyniec, Frampol and Grabowiec. It is unclear how the decision will affect Americans Polish plans of the company.
This is another company that resigns from shale gas exploration in Poland. Prior to the decision taken Exxon Mobil, Total and Marathon Oil.

The Minister of Economy Janusz Piechociński believes that the withdrawal is a consequence of Chevron collapse of oil prices on world markets. – It may be that this downward trend in prices will collapse very quickly and you will have to prepare for other scenarios, as it was even with the franc. Recently fired 5,17 zł in one day, and today we know that it is less than 4 zł. Let the smoke settles a major international speculation. It is not that you have to immediately demolish the existing model – Piechociński said on Saturday.

“Expectations not withstand confrontation with reality”

Lupkow bubble bursts, expectations were much higher, and now can not withstand confrontation with reality. Polish shale gas is low, and the production costs are too high. This, according to Andrew Szczesniak, the main reasons for withdrawal of Chevron shale gas exploration in Poland.

According to the expert on the fuel market, such a decision can not be surprising, given that past experience of Polish shale gas does not feel ‘optimism . He said Andrzej Szczesniak, hopes for the raw material in Poland were so huge that significantly exceeded the reality. And that is sad – so far not found in our country shale gas in such quantities as to justify the start of its operation.

Andrew Szczęśniak added that Chevron’s decision is probably a low price of oil on world markets, which also affects the decrease in gas prices. This in turn causes the Polish shale gas is becoming less competitive.

Chris Smith, Chairman of the Working Group. Shale gas production: we want to get to the truth about shale gas.

Source: Bloomberg / x-news

What has been the boom in shale in Poland?

So far, over four years was made in Poland only 67 holes. Many foreign companies withdrew from the search on the Vistula. Government for some time now promises to facilitate the adoption of a special law and the law.

The Ministry of the Treasury is preparing regulations to make life easier for investors shale. For weeks, the Ministry of Environment reported observations that very project aims to simplify the procedures related to the protection of nature.

The quarrel of a special law shale: the dispute two ministers & gt; & gt; & gt;

A special law is, inter alia, to shorten the waiting time for administrative decisions that an investor must obtain prior to the start of exploratory work.

Dr Krzysztof Księżopolski , energy expert with the Center for Political Research, University of Warsaw argues that there is nothing to count on the return of the shale boom. – About any revolution no way. Company to withdraw, there are too few wells. Are the result of legal regulations in Poland and falling oil prices on world markets – expert enumerated problems.

On the battlefield remained the Polish companies
In the last year gas exploration shale in Poland withdrew several international corporations. So now perform primarily drilling Polish companies such as Lotus, PGNiG and Orlen.

Experts estimate that the full knowledge of Polish shale potential need at least 200 wells. Also stand in the way of funds Cost of one well can be as high as $ 15 million.

The Sobieski Institute: Specustawa hydrocarbon simplify the procedures associated with the extraction of shale gas.

Source: Newseria

IAR / PAP, bless

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Chevron resigns from shale gas exploration in Poland. “Too … – Dziennik.pl

Chevron resigns from shale gas exploration in Poland. "Too … – Dziennik.pl

Chevron explains in a brief statement that the perspective of Polish life deposits are not very competitive compared to other investments of the company. Chevron will continue searching for shale gas in the Ukraine.

The decision is likely related to the publication of data on the financial situation of the company. Chevron profits in the fourth quarter of last year fell by nearly 30 percent compared to the same period of 2013.

READ ALSO: Only Polish companies believe in shale. Big corporations to withdraw & gt; & gt; & gt;

Chevron announced, inter alia, a significant delay in the construction of LNG terminal in Canada. It was stressed that the impact of the decision are also increasingly lower energy prices.

In Poland, Chevron has worked closely with the company PGNiG . Kooperowały companies, among others in the search for gas at the Roztoczu . Chevron had a 100 percent interest in the licenses for the operation of the four fields – Kraśnik, Zwierzyniec, Frampol and Grabowiec. It is unclear how the decision will affect Americans Polish plans of the company.

This is another company that resigns from shale gas exploration in Poland. Prior to the decision taken Exxon Mobil, Total and Marathon Oil.

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Chevron completes shale gas exploration in Poland (aktl.2) – Virtual Poland

Chevron completes shale gas exploration in Poland (aktl.2) – Virtual Poland

# reach details about the end of the shale gas exploration in Poland by Chevron #

31.01. Warsaw (PAP / Reuters) – The US company Chevron ends shale gas exploration in Poland. “New York Times” wrote on Saturday, according to the company’s earnings in the fourth quarter of last year fell nearly 30 percent. compared with 2013. to $ 3.5 billion, which is attributed to the decline in oil prices.

Chevron’s largest range of Western corporations engaged in Eastern Europe – writes the NYT. In addition to the test wells in Poland and Romania signed a contract with Ukraine and Lithuania.

The Polish branch of the second largest oil company in the United States decided to end the search for shale gas in Poland, as the country is not competitive compared to other countries in which the company operates – Chevron said in the message.

The company also announced that it is still considering the results obtained from wells in Romania. The company has already withdrawn from Lithuania and though he still maintains an office in Ukraine, any action there are at an impasse.

As the NYT writes, “Chevron withdrawal of Polish reflects the pressure on all oil companies to cut spend after the recent decline in oil prices by 60 per cent. But in Europe Chevron crossed treatments difficult geological conditions and stiff opposition society motivated by ecological rations. ”

The newspaper adds in this context that the extraction of oil and gas from shale often requires the controversial technique of hydraulic fracturing, or injection under very high pressure mixture of water, sand and chemicals into horizontal wells. The defenders of the environment are concerned that it may pose a risk to soil, groundwater and human health.

In recent years, the Polish Ministry of the Environment has issued more than 100 licenses for exploration of unconventional gas in Poland, including for companies: Chevron, PGNiG, Lotos and Orlen Upstream. Withdrew from the Polish, among others Exxon, Total and Marathon. According to the NYT Chevron is the last company that withdrew from the Polish.

NYT writes that in Poland made 68 wells, but none of the director of the Polish Geological Institute Pieńkowski Gregory did not use for production purposes.

NYT cites an interview with Penkovsky, who pointed out the difficult geological conditions in Poland: “Unlike in the United States, where shale formations are fragile and can easily succumb to fracturing due to the high content of calcium carbonate, Polish shale are plastic and very difficult to fracturing. In addition, part of the [Polish] structures clay shale contains material which swells in contact with water, blocking the flow of [gas] “.

Pieńkowski noticed at the same time – the newspaper noted that “the wells drilled in Poland so far is only a fraction of the wells drilled in the United States.”

Director of the Institute of Geological he concluded – NYT writes that “at best, Poland may have a slightly + + remote mining areas than one large slate belt, which initially was hope.” As a result, “the industry got + unpleasant lesson that cost a lot of money +”.

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Chevron completes shale gas exploration in Poland (Aktl.) – Virtual Poland

Chevron completes shale gas exploration in Poland (Aktl.) – Virtual Poland

# This leads statement Minister Janusz Piechociński #

31.01. Warsaw (PAP / Reuters) – The US company Chevron completes shale gas exploration in Poland – Reuters reported on Saturday. Agency says that, contrary to expectations, this sector has failed to transform the energy supply market in the region.

The Polish branch of the second largest oil company in the United States decided to end the search for shale gas in Poland, as the country is not competitive compared to other countries in which the company operates – said in a statement.

In recent years, the Polish Ministry of the Environment has issued more than 100 licenses for exploration of unconventional gas in Poland, including for companies: Chevron, PGNiG, Lotos and Orlen Upstream. From the Polish withdrew but some companies, such as Exxon, Total and Marathon.

The Minister of Economy Janusz Piechociński believes that the withdrawal is a consequence of Chevron collapse of oil prices on world markets. “It may be that this downward trend in prices will collapse very quickly and you will have to prepare for other scenarios, as it was the least of the franc. He fired recently for 5,17 zł in one day, and today we know that it is less than 4 zł. Let the smoke settles a major international speculation. It’s not like that you have to immediately demolish the existing model, “- said Piechociński on Saturday.

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Leszek Balcerowicz will be reformed Ukrainian economy – Onet.pl

Leszek Balcerowicz will be reformed Ukrainian economy – Onet.pl

 
  Photo: Sue Procyk-Lewandowska / Onet
 
 
  Leszek Balcerowicz
 
 
 

Ukrainian president’s press service informs that Petro Poroshenko already met Leszek Balcerowicz. He said that Ukraine, which is currently the object of aggression, needs international support in order to stabilize the economy.

At the same time – according to him – in the country are now favorable conditions for reform. – We have a government with great potential, very professional and pro-European – Poroshenko said. He stressed that Ukraine is particularly interested in the Polish experience in the reform of local government. Ukrainian President also said that Poland is a model of a country that has successfully reformed its economy and became a full member of the European Union.

Leszek Balcerowicz estimated that the main thing now is that Ukraine has proved its will to reform. In his opinion, Kiev must rebuild the budget, reduce spending while protecting the poorest sections of society. He recalled that in Poland the need to reduce the budget deficit was at the expense of reducing the pension fund. With time, also raised the retirement age.

Leszek Balcerowicz, the “father” of the Polish market economic reforms, was Deputy , Minister of Finance, as well as the head of the Polish National Bank.

(jsch)

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Leszek Balcerowicz help reform the Ukrainian economy – Dziennik.pl

Leszek Balcerowicz help reform the Ukrainian economy – Dziennik.pl

The press service of the Ukrainian president announces that Petro Poroshenko has already met with Leszek Balcerowicz . He said that Ukraine, which is currently the object of aggression, needs international support in order to stabilize the economy. At the same time – according to him – in the country are now favorable conditions for reform.

We have a government with great potential, very professional and pro-European – said Poroshenko. He stressed that Ukraine is particularly interested in the Polish experience in the reform of local government. Ukrainian President also said that Poland is a model of a country that has successfully reformed its economy and became a full member of the European Union. .

Leszek Balcerowicz has estimated that the main thing now is that Ukraine has proved its will to reform. In his opinion, Kiev must rebuild the budget, reduce spending while protecting the poorest sections of society. He recalled that in Poland the need to reduce the budget deficit was at the expense of reducing the pension fund. With time, also raised the retirement age.

Leszek Balcerowicz, the “father” of the Polish market economic reforms, was Deputy Prime Minister and Minister of Finance, as well as the head of the Polish National Bank.

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Russia’s economy. The central bank cut its key interest rate … – Polish Radio

Russia's economy. The central bank cut its key interest rate … – Polish Radio

Igor Shuvalov presented the government’s anti-crisis plan deputies. It implies support for exporting and leaving at the same level of defense spending and agri – food. In other sectors of the economy will be necessary savings. When Shuvalov have told MPs about how the government is going to save the economy, the Central Bank decided to cut interest rates from 17 percent to 15 percent. The Russian currency market reacted to the news of violent repricing of the ruble. Dollar exchange rate has increased by more than 2.5 ruble and exceeded 71 rubles. On the other hand, the euro jumped more than 3.5 ruble and is now 81 rubles.

M. Beam: Russia learns from their mistakes and not in danger of bankruptcy

TVN24 Business and World / x-news

IAR, abo

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Friday, January 30, 2015

Stronger or weaker franc gold? – Interia

Stronger or weaker franc gold? – Interia

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This article can also be read in a mobile version

The chief economist of Bank Millennium, Grzegorz Maliszewski points to two trends that favor frankowym borrowers. On the one hand, the franc weakened against the common European currency. On the other Polish zloty strengthened against both the Swiss franc and the euro. As a result, a few days, as explained by the expert, the exchange rate of the zloty against the Swiss currency is coming to the border of 4 gold per franc.

An expert in an interview with IAR adds that the market is now looking for a balance between the rate of the Swiss franc against the individual currencies . According to economist happens among the introduction of a negative interest rate. According to Grzegorz Maliszewski is a chance that a franc, you will pay less than 4 gold.

From the morning Swiss franc exchange rate against the zloty ranges. For a few hours it was close to the border of 4 gold for one euro.

The strengthening of the franc is a consequence of the decision of the National Bank of Switzerland, who resigned in mid-January with the maintenance of a fixed exchange rate against the euro. On the strengthening of the currency suffers honor borrowers in Poland, who in recent years took out loans denominated in Swiss francs, to purchase the property.

Source Information: IAR

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White House on the actions of Russia: economic chaos – TVP

White House on the actions of Russia: economic chaos – TVP

The Central Bank of Russia declared that the threat of decline in economic growth currently dominates the risks associated with the depreciation of the ruble.

Russian costs

– There are clearly defined and economic costs associated with the expedition of President (Vladimir) Putin’s eastern Ukraine – spokesman Josh Earnest White House daily briefing on. – We hope that these costs will induce accumulation of President Putin to re-evaluate its strategy – he added.

What about the ruble?

The Russian central bank raised its key interest rate to 17 percent. in mid-December last year in response to the collapse of the ruble. It is said that on Friday issued a press release of the Bank of Russia, resulted in the stabilization of inflation expectations and level dewaluacyjnych as he predicted.

“Inflation in the observed current size is caused by accelerated adjustment of prices to the weakening of the ruble occurring and has a time-limited nature. Inflationary pressures will now be prevented by reducing economic activity “- adds the message.

What is the course?

After the announcement of the reduction rate of the ruble against the dollar fell by more than 2 per cent., To 70 rubles per dollar.

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Monday protest throughout the mining industry – Dziennik.pl

Monday protest throughout the mining industry – Dziennik.pl

The protest organizers want to talk between the unions and the management of the company joined the government. MKPS representatives said in a statement that the current negotiations ended in failure.

increasingly difficult situation in the JSW requires the solidarity of the crews of all mining companies in order to support his Jastrzeb mines – reads. In the opinion of MKPS only chance to achieve a speedy resolution of the difficult situation in the company is actively involved in talks to corporate governance, or the authorized representatives of the government.

Międzyzwiązkowy-Strike and Protest Committee of the Region Silesian-Dabrowski is willing to participate in these discussions, noting that similar negotiations conducted recently on the future of the Coal Company brought a social agreement satisfying both sides – reads in a press release.

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JSW mines strike continues. Interrupted the conversation, it will be … – Polish Radio

JSW mines strike continues. Interrupted the conversation, it will be … – Polish Radio


  The strike in the coal mine Borynia- Zofiówka-Hawks Movement Jas-Mos belonging to JSW , photo: PAP / Andrzej Grygiel
 

He said the head of Silesian Solidarity color Dominik, who attended the meeting as an observer on behalf of the Inter-Strike and Protest Committee of the Region of the Silesian-Dabrowski . JSW spokeswoman Katarzyna Jablonska-Bajer gave it Friday yet to be published statement ws. Calls.

The color of reported inter alia, that approx. Eight-person representation relationship with JSW Management Board presented its point of view and the information transmitted on Thursday, the company’s board of directors. The parties have agreed to meet again on Monday in the chair. 8 am at the headquarters of JSW.
– Continue on Monday. It was agreed that the mediator in this strike you will Komołowski Longin (b. Deputy Prime Minister and Minister of Labour). These are the only findings today – said the head of Silesian Solidarity.

Monday protest throughout the mining industry. “Crews want blood” & gt; & gt; & gt;
– Causes of the situation are known to both parties. He was also Chairman of the Board Mr. (Joseph Myrczek), which on Thursday heard a lot of these things that colleagues today said Hawk. Let’s hope that this settlement will bring some Monday – added color.
His opinion, the company’s management is aware that the crew JSW will not accept any agreement until responsible for its implementation will be the company’s CEO Jaroslaw Zagórowski. As argued, the staff were four years assured that earn on shares of JSW – which has not occurred, or that the signed agreement will be complied with – while the last three years, according to union by the President unilaterally violated.
Thus, in the last days of the appeal Zagórowskiego has become one of the main demands of the strikers. So far this has not happene d, and the unions – in spite of talks – did not intend to mitigate the protest, but was otherwise satisfied their key demand: the withdrawal by the management of the intention to release nine union leaders to be illegal – according to the company – January strike in Budryk.
Board of Directors and the Board agreed to a far, in talks with unions did not participate Zagórowski. In Friday’s meeting with the board attended by vice president. Czornik trade Gregory, vice president. George Borecki technical and senior vice president. Labour and Social Affairs Artur Wojtków (member of the board of choice for the crew).

Strike mines
JSW Wednesday takes indefinite strike involving suspend extraction. According to the unions, it has a rotational character and takes place on the surface – the miners do not flock into the ground; only part of the pit crew secures. Previously, the Board of JSW announced austerity plan, arguing that it is necessary to permanently improve the condition of the company.
Thursday in Warsaw unionists talked to the board of directors of JSW, then RN deliberated for several hours with the board. The result was, among others, subsequent invitation union to engage in discussions with management.
Whether on Friday around noon organized unions, among others Lock roundabouts nearby Jastrzeb mine. Support of their action on Monday announced a trade unionists from other mining companies; However, this is not – at least for now – also mean suspension of mining in them.
strike starting from JSW compounds formulated five postulates. Next to abandon plans to release the Budryka union leaders, demanded an appeal board, which accuse the incompetence and appoint a new one. Expect the withdrawal decision to terminate the company’s three existing collective agreements (re. The coal, the growth rates of wages and concluded before the IPO of JSW), and to include mine workers Boar-Szczyglowice rules that apply to employees of the other mines of the company. The last claim is liquidation of the company JSW Training and Mining and adoption of JSW employed there.

The PAP is

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On Friday frank below 4 zloty – rmf24.pl

On Friday frank below 4 zloty – rmf24.pl

1 hour. 13 minutes ago

For the first time since “Black Thursday” on January 15, franc fell on Friday, less than 4 dollars. On some platforms, approx. 16.30 per franc had to pay approx. 3.98 zł. Also fell quotations of other currencies. The euro had to pay approx. 4.19 zł, and 3.70 zł per dollar.

The password of the protest of people who took out loans in Swiss francs

/ Artur Reszko / PAP

The end of the week is definitely favorable for the zloty, which in two days gained almost 5 cents against the euro – says Simon Zajkowski of Brokerage mBank. The next week, however, it is possible to further appreciation of the zloty and the decline of the EUR / PLN to 4.17 – adds. The analyst notes that the decline in trading gold franc terms could be observed from the beginning of the week. From Monday franc became cheaper by as much as 28 cents, and the rate for the first time since the historic January 15 fell below 4 zł. Moreover, it seems that this is not the end of the appreciation of the zloty against the Swiss franc – emphasizes the expert.

Installments loans mortgages in Swiss francs may be lower – lower even than before the outbreak of the crisis francs in mid-January. All banks operating in Poland, which have provided loans in Swiss currency, have agreed to implement an assistance program for frankowiczów -… read more

In his view, the dollar is relatively stable, and this trend is not disturbed even worse than expected data on economic growth in the United States for the fourth quarter of last year. In the next week, there will a lot of important data from the US. If they also bring disappointment, the dollar should weaken, and the USD / PLN fall to 3.65 – predicts Zajkowski.

Gold today should not vary greatly quotations, it seems that the week will end on a fairly strong level close to 4.20 / EUR. Opening on Monday, it should be quiet, markets are rather quiet. Firstly positively affects the overall sentiment gold in the world, there has been some calming mood. While hanging over the market somewhat, Russia and Greece, but it is not yet concern – says Marek Cherubin, FX dealer with BPH. The second stable are also major currency pairs: Euro-dollar and euro-franc. Everything points so that the opening of the weekend will be quiet – adds. According to the analyst, “until the meeting of the Monetary Policy Council, on Wednesday, the situation on the market should not be changed.”

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The Management Board of JSW bow to? Negotiations are underway – Money.pl

The Management Board of JSW bow to? Negotiations are underway – Money.pl

2015-01-30 15:45

Author: (red.MR ), (PAP), (IAR)

 The Board of JSW bow to? Negotiations

The strike in Budryk [Photo: United Nations Photo / Flickr (CC BY-NC-ND 2.0)]


On Friday afternoon, a meeting of the Board JSW with compounds that result from Wednesday’s strike in the mines. As requested by the union, does not take part in it Zagórowski Jaroslaw, the president of the company.

This is the first such meeting of the board and the public since the start of the strike. Is the result of which was sent on Friday by the board of JSW invitation, which in turn was a consequence of a statement Thursday evening compounds. They accepted the proposal calls, putting a condition that did not take part in them the president of the company.

The Board meeting on Friday appointed representation: Vice President. Czornik trade Gregory, vice president. George Borecki technical and Vice President. Work and social policy Arthur Wojtkowa (member of the board of choice for the crew).

As a company spokeswoman said Katarzyna Jablonska-Bajer, also participates in the meeting of the supervisory board boss Joseph Myrczek JSW and a representative of the Inter-Strike and Protest Committee of the Region of the Silesian-Dabrowski – Dominik color.

JSW on indefinite strike last Wednesday involving suspend extraction. According to the unions, it has a rotational character and takes place on the surface – the miners do not flock into the ground; only part of the pit crew secures. Previously, the Board of JSW announced austerity plan, arguing that it is necessary to permanently improve the condition of the company. On Monday, the board announced its intention to release nine trade union leaders to be illegal – according to the company – January strike in Budryk. On Thursday, he said the current illegality of the strike.



Management had already included part of postulates

After Thursday’s meeting of the supervisory board and the board of JSW their representatives gave inter alia, that departed from the intention of the exemption from Budryka union. This issue has become one of the main formulated after the strike union demands. The second postulate became President of JSW Jaroslaw appeal Zagórowskiego. This has not happened.

How many miners earn?

Collier for his work on the hand gets an average of 4,400 zlotys or from approx. 5.7 to more than 6000 gross. It can also count on a lot of extras. Once a year – in December – receives BARBORKA, the equivalent of one salary is calculated on the basis of the last 12 months and fourteenth salary, or reward paid in February, which is equivalent to the average salary of a miner in the previous year.

Miner draw a pension for an average of 20 years and a maximum contribution pays off for 25 years. For your future benefit pays just under 20 percent. their salary. As a result, about 70 percent of the benefits of mining is financed by taxes.

The Supervisory Board and the Management Board of JSW signed up on Thursday, while the joint statement, in which, inter alia, necessary in the current situation recognized resumption of talks between the employer and the employee side. Proposed for the negotiations together the mediator and observer of the Supervisory Board. Compounds added to this group yet observer from the regional committee Protest-strike and have set the condition that the talks will not attend the president.

In view of the position of leaving Zagórowskiego JSW compounds not yet intend to mitigate the protest. On Friday, organized, among others, Lock roundabouts nearby Jastrzeb mine. Support of their action on Monday announced a trade unionists from other mining companies; However, this does not mean the suspension of mining in them.

What require unionists?

Starting strike relationships with JSW formulated five postulates. Next to abandon plans to release the Budryka union leaders, demanded an appeal board, which accuse the incompetence and appoint a new one.

They want the withdrawal decision to terminate the company’s three existing collective agreements (re. The coal, the growth rates of wages and concluded before the IPO of JSW), and to include mine workers Boar-Szczyglowice rules that apply to employees of the other mines of the company. The last claim is liquidation of the company JSW Training and Mining and adoption of JSW employed there.

Friday’s invitation for talks with trade JSW joined the board resolution on the withdrawal from the rules for granting preventive meals at issue in collective . The Board reminded earlier that being in the company for some time, the dispute concerned prohibits preventive meals area employees who do not work in conditions that are particularly harmful and are not exposed to the energy loss.

The company derived as one of the causes of the ongoing illegal strike Wednesday that pre-referendum it did not relate to the subject of dispute.

The company has long promised to change

As early as May 2014 interview with Money.pl JSW president Mirosław Zagórowski announced the need for a remedial program in his company.

– Or we change the system, or we bring to a permanent loss of jobs, and here an attempt to protect workers by the system of agreements generated by the trade unions will not do anything, because I run out of the payer all these privileges – said then Zagórowski.

In his opinion, still a lot needs to be done to the mining trade unionists saw that in the relationship between employer and employee need to change something . Also found that the collective agreement 24 years ago in the current economic situation is a museum.

All because of the disastrous results of the Polish mining industry. Revenues from the sale of coal industry in the entire sector compared to the same period of 2013. Fell more than 16 per cent., Production fell by almost 7 per cent., The sale of 10 percent., And exports by nearly 30 percent. Meanwhile, stocks in landfills and dumps amounted to 8.4 million tonnes.

Read more in Money.pl

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Frank below 4 zloty – Our Diary

Frank below 4 zloty – Our Diary

For the first time since 15 January, today franc fell below 4, respectively. On some platforms, approx. 16.30 per franc had to pay approx. 3.98 zł. Also fell quotations of other currencies. The euro had to pay approx. 4.19 zł, and 3.70 zł per dollar.

The drop below 4 gold franc is in line with analysts’ expectations.

– end of the week is definitely favorable for the zloty, which in two days gained almost 5 cents against the euro, – says Simon Zajkowski of Brokerage mBank.

– The next week, however, it is possible to further appreciation of the zloty and the decline of the EUR / PLN to 4.17 – believes Zajkowski

The analyst notes that the decline in trading gold franc terms could be observed from the beginning of the week. – From Monday franc became cheaper by as much as 28 cents, and the rate for the first time since the historic January 15 fell below 4 zł. Moreover, it seems that this is not the end of the appreciation of the zloty against the Swiss currency – notes Zajkowski.

He added that the dollar is relatively stable, and this trend is not disturbed even worse than expected data on economic growth in the United States for the fourth quarter of last year. – In the next week, there will a lot of important data from the US. If they also bring disappointment, the dollar should weaken, and the USD / PLN fall to 3.65 – predicts Zajkowski.

MM, PAP

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JSW invites unions for talks. The unions will come – Banker

JSW invites unions for talks. The unions will come – Banker


             The Management Board of JSW, which mines since Wednesday last strike, invited on Friday afternoon trade talks. As requested by the union will not take part in them the company’s CEO. In this situation, the unions said they had come to the meeting.

 
 
 

issued by the board of JSW on Friday invited to talk at the headquarters of the company was responding to a statement Thursday evening compounds. They accepted the proposal for talks, but putting a condition that did not take part in them Jaroslaw Zagórowski president.


 

In the call indicated inter alia, that the talks will be attended by vice president. Czornik trade Gregory, vice president. George Borecki technical and senior vice president. Labour and Social Affairs Artur Wojtków (member of the board of choice for the crew).
 

The Board also signaled that the desire to participate in the set for hours. 15 meeting, declared a representative of the supervisory board of JSW. At the same time the Board has proposed that the role of mediator took b. Silesian province governor Marek Kempski or b. Deputy Prime Minister and Minister of Labour Longin Komołowski.


 

When asked about the response to the invitation of representatives of the trade first made sure that you do not see the President Zagórowskiego. It will go – PAP spokesman said the Inter-Strike and Protest Committee JSW. It also pointed out that the proposed mediators of the social side would prefer to make Kempskiego.


 

On Friday, JSW compounds reported that at the moment are not going to alleviate their protest. That day was organized by, among others, Lock roundabouts nearby Jastrzeb mine. Support of their action on Monday announced a trade unionists from other mining companies; However, this does not mean the suspension of mining in them.

 

On Wednesday JSW takes indefinite strike involving suspend extraction. According to the unions, it has a rotational character and takes place on the surface – the miners do not flock into the ground; only part of the pit crew secures. Previously, the Board of JSW announced austerity plan, arguing that it is necessary to permanently improve the condition of the company.


 

After Thursday’s meeting of the supervisory board and the board of JSW their representatives informed m .in. to withdraw from the prior intention of dismissal of nine union leaders to be illegal – according to the company – January strike in Budryk. It was one of the two main demands formulated Thursday JSW compounds. The second was the dismissal of the President of JSW Jaroslaw Zagórowskiego. This did not happen.
 

The Supervisory Board and the Management Board of JSW also signed the joint statement in which, inter alia, necessary “in the current situation,” recognized the resumption of talks between the employer and the employee side. “In such conversations would participate jointly appointed mediator and observer of the supervisory board.

 

JSW compounds have accepted this proposal (by adding a participant observer of the Inter-Strike and Protest Committee of the Region of the Silesian-Dabrowski). But posed a condition that it will not participate in them Zagórowski president. Announced that in view of the current board and management decisions, not mitigate the protest.


 

On Friday, protesters in support of JSW decided Międzyzwiązkowy-Strike and Protest Committee of the Region Silesian-Dabrowski. On Monday, the entire mining is expected to begin “active Solidarity Protest-strike action”. Nor does it mean a halt mining in other companies.


 

In a statement issued on Friday, the regional committee of trade unionists felt that the only chance to achieve a speedy resolution of the difficult situation in JSW is actively involved in talks to corporate governance, or the authorized representatives of the government.


 

In the case also include politici ans. On Friday in Katowice dismiss the head of JSW and reduce the number of board members in coal companies demanded that the president of Polish Solidarity Former Justice Minister. He estimated that JSW is not well managed, and thus, a change in the board is required.


 

Justice Minister argued that the need to change the management of coal companies. The Presidents earn gargantuan sums are guaranteed admission, which is not associated with the performance of their work and the effectiveness of management – rated. Ongoing industry-Strike and Protest action held, inter alia, the Rib as a consequence of the lack of dialogue between the boards of companies and miners, as well as a consequence of the lack of meaningful proposals. Also stressed the need for further production of energy from Polish coal.


 

On the other hand, in the Hawk of the Spring councilors PiS club on Friday filed a motion to convene an extraordinary session of the city cou ncil ws. Social difficulties in connection with the termination by the Board of JSW SA terms of an agreement concluded before the entry JSW the Stock Exchange in Warsaw.


 

JSW Protesting compounds formulated five postulates. In addition to abandon plans to release nine union leaders from Budryka, requested the appeal board, which accuse the incompetence and appoint a new one. Expect the withdrawal decision to terminate the company’s three existing collective agreements (re. The coal, the growth rates of wages and concluded before the IPO of JSW), and to include mine workers Boar-Szczyglowice rules that apply to workers in other mines of the company. The last claim is liquidation of the company JSW Training and Mining and the adoption of the employed directly to JSW.


 

The invitation for talks Friday JSW joined the board resolution ws. Withdrawal from the “rules for granting preventive meals at issue in the collective”. The Boar d reminded earlier that the ongoing dispute concerned the company prohibits employees preventive meals area who do not work in conditions that are particularly harmful and are not exposed to the energy loss. The company derived as one of the causes of the ongoing illegal strike that preceding the referendum did not concern him in dispute. (PAP)

 

MTB / acp / bp / mag /

 

PAP Economy

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Chopin Airport: The new terminal will be available for passengers … – Polish Radio

Chopin Airport: The new terminal will be available for passengers … – Polish Radio


  departures hall of Terminal T1 upgraded parts Chopin Airport in Warsaw , photo: PAP / Marcin Obara
 

– The first passengers – as planned – will be in June received in the new terminal. The end of April we want to carry out any work acceptance and May spend a full adaptation of the terminal – told reporters Thursday the director Enterprises Airports (PPL) Michael Kaczmarzyk. PPL manages Chopin Airport, which is the largest port in Poland.
Repair lasts from the end of 2012.
Renovation of old, so-called “buraczkowego” terminal began in late 2012. He says Grzegorz representing the contractor for Zaborowski, the old structures are only part of the pillars and ceilings, which during work properly reinforced. Part of the staircases was cut and suspended under the new structure. The rest of the items are made from scratch.
modernized hall will be more space, more shops and eateries. Also the check arrives. The terminal will be connected with a working today part of the airport.

will return the observation deck will return
also observation deck. As deputy director of the airport said Radoslaw Paruzel, it will be available to all comers. In contrast to the old terrace, the new will be covered and separated from the rest of the airport glass plates. However, representatives of the port ensure that the views of the planes take off and land will be very good. For entrance to the terrace did not pay.
opening of the terminal will probably take place in late May and early June. Port Director Michael Kaczmarzyk hopes that the port capital will therefore be one of the most important in the region. Director believes that at the moment the biggest competitors in the Bangkok Airport Prague and Budapest are.
– All these changes will increase the comfort of passengers and port capacity. With the new terminal will be able to handle 20 million annual passengers. In the past year we have served over 10 million passengers . In 2015. We are equipped to handle 11 million passengers. Our airport has a chance to become the largest port in Central Europe – said Kaczmarzyk.
Ultimately Warsaw Chopin Airport will be able to handle 20 million passengers a year. Today supports 10 million.
IAR / PAP, bless

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Union talks with the management of JSW without President – Republic

Union talks with the management of JSW without President – Republic

 issued by the board of JSW on Friday invited to talk at the headquarters of the company was responding to a statement Thursday evening relationships.

issued by the board of JSW on Friday invited to talk at the registered office of the company a response to a statement Thursday evening relationships.

Source: PAP

The author: Andrzej Grygiel

Management JSW compounds invited for an afternoon of conversation. As requested by the union will not take part in them the company’s CEO. In this situation, the unions said they had come to the meeting.

issued by the board of JSW on Friday invited to talk at the headquarters of the company was responding to a statement Thursday evening compounds. They accepted the proposal for talks, but putting a condition that did not take part in them Jaroslaw Zagórowski president.

In the call indicated inter alia, that the talks will be attended by vice president. Czornik trade Gregory, vice president. Technical Jerzy Borecki and vice president. Labour and Social Affairs Artur Wojtków (member of the board of choice for the crew).

The Board also signaled that the desire to participate in the designated hours. 15 meeting, declared a representative of the supervisory board of JSW. At the same time the Board has proposed that the role of mediator took b. Silesian province governor Marek Kempski or b. Deputy Prime Minister and Minister of Labour Longin Komołowski.

Asked about the response to the invitation of representatives of the trade first made sure that there is not a President Zagórowskiego. “It will go” – told PAP spokesman of the Inter-Strike and Protest Committee JSW. It also pointed out that the proposed mediators of the social side would prefer to make Kempskiego.

On Friday, JSW compounds reported that at the moment are not going to alleviate their protest. That day was organized by, among others, the lock roundabouts in the vicinity of the mine Jastrzeb. The support of their action on Monday announced a trade unionists from other mining companies, but this does not mean the suspension of mining in them.

JSW from indefinite strike last Wednesday involving suspend extraction. According to the unions, it has a rotational character and takes place on the surface – not flock miners underground, only a part of the pit crew secures. Previously, the Board of JSW announced austerity plan, arguing that it is necessary to permanently improve the condition of the company.

After Thursday’s meeting of the supervisory board and the board of JSW among their representatives informed of the withdrawal of the earlier intention to release nine union leaders to be illegal – according to the company – January strike in Budryk. It was one of the two main demands formulated Thursday JSW compounds. The second was the dismissal of the President of JSW Jaroslaw Zagórowskiego. This did not happen.

RN and the board of JSW also signed the joint statement in which, inter alia, necessary “in the current situation,” recognized the resumption of talks between the employer and the employee side. “In such conversations would participate jointly appointed mediator and observer of the supervisory board.

JSW compounds have accepted this proposal (by adding a participant observer of the Inter-Strike and Protest Committee of the Region of the Silesian-Dabrowski.) But have set the condition that it will not participate in them Zagórowski president. Announced that, given the current board and management decisions, not mitigate the protest.

On Friday, the support JSW protesters decided Międzyzwiązkowy-Strike and Protest Committee of the Region Silesian-Dabrowski. On Monday throughout the mining industry is expected to begin “active Solidarity Protest-strike action.” It does not mean the suspension of mining in other companies.

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BTE or will a cloud evicted: Banks have a powerful weapon … – GazetaPrawna.pl

BTE or will a cloud evicted: Banks have a powerful weapon … – GazetaPrawna.pl

In the heat of discussion, what to do to help the victims frankowych loans – and thus defuse the ticking bomb, social and economic. In the ocean complaints and complaints about the callousness and greed of the banks. In the jungle of vague promises and twisted analyzes, which our politicians deign. This information noise, which is trying to flood the decks of helplessness. Eludes us one small – seemingly – detail. Bank enforcement. A powerful tool that in the hands of the legislature gave financial institutions. And that makes the banks are really all-powerful and not very interested in this, to lean over the fate of their clients, to get along with them. They do not need this if you are using the BTE just take what your. Or what we would like to have. And almost no one is able to resist them, and the control which should exercise over the court, is illusory. In recent years, various options were trying to deal with this hydra that puts banks in a situation highly privileged – not only in relation to their customers, but also to other participants in economic life.

On BTE repeatedly spoke about the Constitutional Court (expected to again take up his case), repeatedly tried to change the law to throw away a tool or at least weaken its effect. Since lie in the Sejm two draft amendments to banking law. One, by the PSL, wants dulling the blade BTE, the second – proposed by PiS – remove it from the legal and economic reality. But no, it seems that something had to change. Reason: lack of political will. And the results we have what we have.

– If an entrepreneur wants to assert claims of the debtor, must be paid to the court that decides whether the debt is or it is not, and possibly his awards download – says Zbigniew newcomer, owner of Kram, president of the Association for the Defense of Polish Enterprises. – The Bank does not have this trouble. Issue a writ of execution, the district court within a few days, check whether the documents formally not in doubt, and gives them the title of feasibility. The fact that something is wrong, man learns how it is after all: it has cleared the account and the bailiff sitting on his property. Can of course go to court, but it is swept. Most often fall victim BTE individuals and small businesses. Big big not familiar. Known.

Ripped off in the options, shoot BTE

The institution is not a figment of BTE present time. Their counterpart was still operating at the time of the Second Republic, protect financial institutions against dishonest debtors. Except that, as noted by Dr. Andrzej Krajewski, a historian and journalist, deputy director of the Wroclaw branch of the IPN, it was a very different reality than it is now. Most large banks were state, so the young state is cared to effectively enforce debts. – Well, the courts, in contrast to what we see today, worked quickly and efficiently – adds Krajewski. Then the bank enforcement orders (as we then called) is pleased to People’s State intercepted and used by him eagerly. Except that znowuż – during PRL all financial institutions belonged to the state, so it had a good reason to keep the word tool ready to defend their interests. After transformation, a kind of inertia, BTW, rechristened BTE, almost unchanged moved to a whole new reality. I n the majority of banks is not only private but also belong to foreign owners. In addition, the economic reality also has changed: once banks took deposits and grant loans. Currently trading complex financial products, which do not understand the essence of most people with economic education, of ordinary bread zjadaczach not to mention. Other civilized countries deal without such cepa – instead they have generally acting right, the same for all. But enough theorizing, ad rem. Although BTE was used widely by banks to collect debts from debtors ever since, for the first time about it loudly made on the occasion of scandal associated with currency options.

It was 2007. year hot and full of tension, but no one else would never have even thought that in the next, in September, will be the crash, from which the world economy does not gather together to this day. On the contrary, it seemed that will only get better and better, gold rose to power, we bought more and more houses (for credit, of course), and bigger, more fuel-burning cars. Only exporters nervous that even a little, and they will have to pay extra for their products. In a moment she had to enter the Polish legislation Directive MiFID (Markets in Financial Instruments Directive) which regulates the obligations of banks to clients. But as it was also a year of great political tension, autumn governments – the Law and Justice – took over the platform. It’s her time to the bill entered – her pinned, nor is loose – the obligation to sell by the NBP National Depository for Securities. The President gave the law to the Cons titutional Court (in 2009. Denied the constitutionality of this provision), so inevitably we were on for several months without any legal protection in terms of financial instruments. I then entered the market currency options offered by banks. They were to be a kind of insurance, protection of entrepreneurs against currency fluctuations. Interestingly, the contract can be concluded only by phone, and “advisors” getting to entrepreneurs in the strangest places and time. Sometimes he would grunt caller was perceived as consent to the transaction. Here is a transcript of the interview sample, used later in court.

Advisor: Hello, can you hear me?

Client: Hello … because I just stand here, but no … the police was, and I’m going by car.

D .: Okay. It confirm to myself, okay? I counted, everything is correct.

Q. Uhmmm.

D.: Already, the moment.

Q. A rate will not go up? What do you think? Ojejejejej.

D.: Halo and password?

Q. Hello?

D.: Halo, and what the password? Hello?

Q. No tera I can not, not really. I call to you.

D.: But you know what? I’ve confirmed this transaction. I have to close it.

Q. Aha, aha. (Something inaudible)

D.: Mr password?

Q. Yes.

D.: No no, you have a different password.

K. : (something inaudible)

D.: How?

K. : (given password)

D.: Yes. Okay, that reaffirm itself. The transaction with the company X, the structure of zero cost. I sell you a 1, 2, 3, 4, 5 put option with odds of 3.35 on 100,000 of each 18 sierpień 16 September, 15 October, 17 November and 8 December. We finance these transactions call five options disabling barrier. The course of exercising the option is 3.21.

Q. Uhm …

This is obviously an extreme, but not the only example, when people were pressed on the strength of something you do not want. Some, of course, have expressed interest, but did not understand. Because if understood, toby did not accept. – Entrepreneurs think that the interest lies in the fact that they are buying insurance against further increases in currency exchange rates. But I did not know that at the same time insure the bank in case the exchange rate went down. Except that if banks ubezpieczały company to a certain amount, then the other side of the barrier was gone. To sum up: usually the case that a trader could earn 20-80 thousand. zł. A bank several dozen or more million – explains attorney. Ireneusz Malerowicz from Torun leading several such cases against banks. There had to be a disaster, a moot point – whether accidental or planned and meticulously carried out. Businesses, of course, bet the second option first major gl obal financial institutions to buy up gold, would lead to its strengthening, then threw it on the wholesale market. According to backstage information (coalition politicians for obvious reasons they do not confirm today) from the market in 2008 focused. 20 billion zł. Not the first nor the last time our currency was the victim of such attacks.

A wave of bankruptcies

In any case, after the great having increased exchange rate in August 2008 . there was a decrease – gold soaring to weaken (Euro exchange rate has increased by more than half from 3.17 to 4.75 zł zł.). Very felt the owners frankowych loans, for which – as early as January 2009. – Their service has become extremely expensive. And even more business.

Zbigniew newcomer was surprised when it turned out that one fine day it attacked two banks ING and Fortis. The first took account of the company’s 2.4 million zł. The other 1.35 million zł. Banks were in the law had in hand signed by Outsider declaration of voluntary submission to enforcement, and a requirement to use the BTE. Except that, as explained entrepreneur, these statements submitted to framework agreements it made with financial institutions. Were supposed to exchange currencies round his company make any such operations.

Another thing that many banking customers signed by such statements, having no imagination, how they can be used later. As is clear from the survey conducted by the OCCP among the ten largest banks in 2009., Most of them suggests customers to sign a declaration of voluntary submission to enforcement with the contract for a loan or a loan, not telling what it safe. Anyway, the situation is zero-one: you want money, bill, card – sign. No, it’s not. In 2009 alone. Banks issued 700 thousand. BTE.

Head stall narrowly escaped bankruptcy – managed to sell a new production line, of course, “the cheapness” but maintain liquidity production. He survived, went to court. With ING has already won, he got compensation. Fortis case is pending. She advised me also from Silesia Olmet company trading in steel, but says Catherine Derbis, director. Economic and trade, nearly fell, when it turned out that they owe the bank from the options 8 million zł. The case is still in the first instance, I have not spoken to experts. – But how much was among other businesses because of this tragedy: bankruptcies, suicides and divorces, employees thrown to the pavement, you only know what it survived – Derbis sighs.

Attorney Malerowicz translators that before such a tool as BTE hard to defend. For several reasons. Because often a man learns that it has been paid against him only when the account has already were occupied, and the bailiff knocking at the door. Another reason is that even though – according to the law – the court at the request of the bank has three days to give the title enforceable or formal reasons to reject it, there is no time frame, no provision, how fast justice should respond to a customer complaint . And it usually takes a long time. – The best result that I was able to get two months after lodging a complaint to the district court for a declaration of enforceability, which gave the district court – says the lawyer. – Although we won, but the bank already took all the money he wanted, and remained a long way to process a refund – throws up his hands. Another case: proceedings zażaleniowe lasted for 10 mon ths, was a success. But the bank issued next BTE, in the same case, improved. It is common practice that financial institutions issue writs of execution until the effect, but according to the principles of good practice Polish Bank Association should not do so. – I gave up my client – attorney admits. Malerowicz. – He made a deal with the bank, paid, although less than initially demanded from him.

People in this way are buying it up, try to save liquidity to avoid having to close the deal. I talk to the owner of the furniture, which – as he says: rape – has been forced by the bank to enter into such an agreement. – The Bank has generated in my case zł 17 million debt. Pozajmował account. I signed a deal, I paid 4.8 million zł. For six years biedowałem. But now I tore a settlement, we litigation. I fight.

When Poland row, sweeping associated with currency options, the response of the financial world was the same as today, when it comes to loans francs. Governors, various economic experts repelling charges, explaining that entrepreneurs know what come – this is a business risk: once you gain, lose time. This translation was unpopular. It was easy to make a public opinion against “greedy businessmen” who as earned, then sat quietly, and now the demand is not known what. Anyway, the world crisis raged, and we enjoyed the status of the green island. Although the problem has frankowymi loans swelled, but in the face of a global economic catastrophe, threats bankrupting states and the disintegration of the EU did not seem so important. An option Act as it was then called, the center of which came down to the fact that until the resolution of the dispute before the court the bank has no right to occupy bills did not pass, though it was just ar ound the corner.

In 2011,. The Constitutional Court once again (the first, suitable for BTE decision was reached in 1995., the next in 2005.) addressed the issue the writ of execution. This time we decided that certain provisions of the Banking Act and the related paragraphs of the Civil Procedure Code is contrary to the principle of social justice. However, do not significantly changed the situation of the banks’ customers. Another request is pending. And perhaps TK wants to lean over in the current era, when – like a sword of Damocles – not just over the heads of frankowiczów, but on the whole our economy – hang the potential bankruptcy of hundreds of thousands of people. Such as Magdalena Hodak from Lodz. History, like many others, like without departing from those in the last few days swept through the media and blogosphere. However, very eloquent. Magda Hodak together with your partner took a mortgage on a house in 2007. Cheapest what they could. Both are educated, intelligent people, aware of the risk of exchange rate fluctuations, but also took into account the Government to ensure that in 2011. Poland joins the euro area, so risked – as they thought – only four years. I did not expect jumps exchange rate greater than 20 percent. Ba, bank advisors assured that things are going better and better. But it went from bad to worse, with 1.5 thousand. monthly payment made to 3 thousand. zł. Magdalena and her partner paid regularly, but the company went bankrupt man – With 438 thousand. zł, which we took, was paid 130 thousand., of which only 30 thousand. This capital. I went to the bank to negotiate, I wanted to get along, always pay off, though not as much as they wanted – he says. Enveloped with the amount of 800 francs, when the bank terminated the agreement and issued BTE – 700 thousand. zł. Penalty interest multiplied like rabbits: 330 zł per day. Have had hard times: twice bl ocked the auction house, which was to go for a fraction of the price. The first time was valued by certified bank 250 thousand. zł, while the plot itself is worth 100 thousand. After heavy battles property has been underestimated: 300 thousand. zł. Magdalena has a history of severe depression, suicidal incident her partner. But somehow collected the. They fight on. Challenged the bank to court.

Attorney Anna Lengiewicz LWB from the Warsaw office, the same who was one of the first lawyers sent a (successful) class action lawsuit against insurers and other institutions that nabijały Poles polisolokaty, he realizes that the situation of bank customers in the current legal reality is extremely difficult. Because on the one hand, they failed to contract, which was signed by the other reality screeches. On the third and there is no real political will to anything to do with this embarrassment. Instead, it is a concrete wall, through which it is difficult to break, not having available dumdum bullets, or at least old-fashioned cannon. – Banks weigh myself despise ordinary customers – writes attorney. Lengiewicz. I recently happened to her is a story that the customer payment on her account killed 700 euros. The Bank maintained that he has no idea what happened. – If I was not a lawyer wyszczekaną, poległabym. And still investigat ing this amount it took me half a year – he says. And argues that perhaps the matter at least in part to resolve the appointment of an ombudsman banking customers. Along the lines of the one which operates in the UK in relation to clients of insurance companies. – There for each complaint examined by the spokesperson must pay, and these are the specific amounts – explains attorney. Anna Lengiewicz, so they try to claim it was the least. If this mechanism to move on financial institutions to bank customers just got easier.

Now is it that even though more and more of BTE say, it actually does not do anything. Last occurrence of Deputy Prime Minister Janusz Piechociński made the hopes of Poles in top-down settlement of this issue have been allayed. He did not have to propose debtors nothing more than what was previously declared by the banks. And they do not intend to change the status quo. The message is simple: just pay, because if you do not, you will bitterly regret. And no one behind you is not going to be recognized.

The West does not need BTE

When I asked about the BTE several institutions branded by the Polish state, I got a bundle evasive answers. According to the OCCP biggest problem is dormant accounts, that is, those which are forgotten by their owners, and banks charge a fee for their conduct. KNF said that “in the discussion about the nature of BTE on the one hand should be considered equal footing exhibitors BTE and the alleged debtor, on the other, to take into account the need for the efficient running of execution”. As the role of the KNF is “taking care of security deposits collected in the supervised entities.”

So what? Citizen, you’re on your own. Vice President of the Polish Bank Association argued Jerzy bubble me that BTE is the most economical solution for the customer. If not for the title, had argued for the banks nothing would have changed. Financial institutions simply benefit from solutions widely known in the legal environment as “three sevens” (art. 777 CCP), which boils down to the fact that transactions on a larger scale shall be a notarial deed in which the debtor is obliged to repay the debt in order of immediate execution of the required amount. So the same thing, but more expensive, because the fee increased by a notary public.

Apparently yes, but not quite. World somehow copes without BTE. In addition, for this reason, the price of money does not grow. Mr Wieslaw Janczyk, Chairman of the Parliamentary Subcommittee on Financial Institutions, argues that consumer credit in Poland is three times more expensive than the EU average. – Should standardize banking services – says. Just as the tools that are held by banks. If you managed to unify the interchange fee, tip chargers for mobile phones and roaming charges, just equate Accomodation tax should be lent money and instruments for their recovery. It seems simple? It’s every reader let alone say, glancing at the bank statement earlier.

Bank issues BTE, the court quickly checks whether the formal documents are not in doubt, and gives them the title of feasibility. The fact that something is wrong, man learns how it is after all: it has cleared the account and the bailiff sitting on his property.

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Thursday, January 29, 2015

Nielsen: soft drinks market grew by 3.5% y / y to 12.4 … – Virtual Poland

Nielsen: soft drinks market grew by 3.5% y / y to 12.4 … – Virtual Poland

Warsaw, 30.01.2015 (ISBnews) – The soft drinks market in Poland amounted to more than 12.4 billion in 2014 zł., Which represents an increase of 3.5% y / y, said Coca Cola HBC Poland for a research company Nielsen.

“Sales calculated in liters at that time went up by 2.8%. (…) Returned to grace juices and nectars. The power also gaining popularity and bottled water” – we read in “Rzeczpospolita”.

As stated, the sale of carbonated beverages in 2014 amounted to 3.91 billion zł, bottled water zł 3.33 billion, juices and nectars zł 2.03 billion, fruit drinks zł 1.72 billion, power engineers zł 0.81 billion , iced tea zł 0.48 billion and 0.13 billion isotonic drinks zł.

(ISBnews)

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The new terminal as the new airport – Republic

The new terminal as the new airport – Republic

 In early June, the first passengers will be able to take advantage of the new terminal at the airport them. Chopin. The investment cost of 400 million gold.

Source: press release

At the beginning of June, the first passengers will be able to take advantage of the new terminal at the airport them. Chopin. The investment cost of 400 million.

 arrives passengers

Source: Republic

He comes passengers

Opening of Terminal 2 at the airport them. Chopin in Warsaw in June will increase the port area of ​​over 60 thousand. sqm.

When it starts Warsaw port will have capacity of 20 million passengers per year. Now, with the result of 10.6 million passengers counts as your average European airports.

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PGE estimated profits for 2014 years and continues restructuring – Money.pl

PGE estimated profits for 2014 years and continues restructuring – Money.pl

2015-01-29 19:20

Author: (ed. TUL , Lands.), (Suteniec Gregory)

 PGE estimated profits for 2014 years and continues restructuring

[Photo: Stefan Maszewski / Reporter]

According to preliminary estimates, PGE’s consolidated EBITDA in 2014 was 8.1 billion, and net profit attributable to shareholders of the parent company about 3.6 billion – the company said in a statement.

Update hours. 20:45

The estimates take into account the significant non-cash PGE-off events that occurred in 2014. Positive EBITDA (ie, earnings calculated before deduction of interest on loans taken out, among others) in 2014. Were as follows: income from LTC compensation in the amount of approximately 1,539 million zł, the reversal of provisions as a result of favorable judgments the Court of Appeal in respect of disputes relating to LTC compensation in the amount of approx. 246 million zł and release of provision for granted free CO2 emission allowances for 2013. in the amount of approx. zł 751 million.

– The Company is continuing the process of restructuring and reduction of fixed costs of current operations. On the occasion of the Voluntary Retirement Program (PDO) in 2014, was established a reserve of approx. 400 million zł. Provision affected the reported operating profit.

The creation of reserves for costs associated with the implementation of the Voluntary Retirement Program reported EBITDA declined. Impairment loss takes into account the estimated impairment of financial instruments in the amount of approximately 386 million zł, respectively, reduced the reported net profit.

PGE reported that a significant impact on the consolidated financial results is also a change in accounting policy of provision for mine reclamation pit, involving the activation of future reclamation costs incurred as a result of the excavation of overburden extraction. PGE plans to publish a consolidated report for 2014 years on February 17.

After three quarters of 2014 years was 2.88 billion PGE zł net profit attributable to shareholders of the parent, 4.06 billion zł EBIT, EBITDA of 6.3 billion zł and 20,86 zł billion in revenue.

In 2013, net profit attributable to shareholders of the parent company amounted to 4.12 billion PGE zł, operating profit of 5.06 billion zł, EBITDA zł 8.03 billion, and revenue 30.14 billion zł.

Read more in Money.pl

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