A look at economic developments around the globe
The News Review:
- A look at economic developments around the globe
- Poland approves $372 mln Vattenfal deal
- Jaruzelski: I agonized for months over martial law
- Poland to cut growth target in ‘09 budget to 0-0.5 pct
- Lufthansa reportedly eyes LT Poland downplays
- Poland gets ready to celebrate June 26-27
A look at economic developments around the globe
The Associated Press
___WARSAW Poland — Poland’s economy grew by 0. 8 percent in the first three months of 2009 compared to the same quarter a year earlier the state statistical office said. That marks a markedly slower growth than Poland has experienced since it joined the European Union in 2004 but nonetheless shows it is still growing even as neighbors have fallen into recession. STCKHLM _ Sweden's economy contracted 0. 9 percent during the first three months of the year pushing the annual rate to its biggest drop since at least 1993 the country's statistics agency said.
Poland approves $372 mln Vattenfal deal
Reuters
Treasury Minister Aleksander Grad said in a radio interviewon Wednesday that the Swedish utility would pay 1. 2 billionzlotys ($372 million) for the stakes. In ctober 2008 Vattenfall bought a 19 percent stake in theinitial public offering of Poland’s sole listed utility EneaENAE. It is seen as a most likelycandidate to buy a controlling stake when it is offered laterthis year. (Reporting by Patryk Wasilewski; Editing by David Cowell).
Jaruzelski: I agonized for months over martial law
The Associated Press
In an interview with The Associated Press Gen. Wojciech Jaruzelski acknowledged his sins and those of his government in defending communism in the face of strikes and protests that eventually resulted in the fall of his regime. He says many fellow Poles continue to “spit on my name” although he helped the peaceful transition from communist state to free-market democracy starting with semi-free elections nearly 20 years ago on June 4 1989. Jaruzelski remains a deeply divisive figure in Poland after imposing martial law.
Poland to cut growth target in ‘09 budget to 0-0.5 pct
guardian.co.uk
5 percent andwill set 2010 growth at close to 0. 5 percent a top aide ofPrime Minister Donald Tusk said on Friday. A sharp economic slowdown has forced the European Union’sbiggest ex-communist member to downgrade its growth forecast nowset in the budget at 3.
Lufthansa reportedly eyes LT Poland downplays
Reuters
This is not the first time Germany’s flagship carrier has been reported tobe interested in the Polish national carrier. In January 2008 a Polish newspaper had cited Poland’s Deputy TreasuryMinister Zdzislaw Gawlik as saying Lufthansa was interested in buying a majoritystake in LT. The report came as Poland’s government was determined to relaunch thestalled privatisation of state companies including LT. The carrier whichcelebrated its 80th anniversary this year is about 68 percent owned by Poland’streasury. HANDS FULL Lufthansa already has its hands full with other pending mergers andacquisitions.
Related from Tianjigh: Lufthansa UF union strike wage deal avert strike
Poland gets ready to celebrate June 26-27
Youngstown Vindicator
PLAND ? Come one day for the parade and fireworks and return the next for singing art poetry crafts history a movie and more. Celebrate Poland begins June 26 with the Poland Presbyterian Church Strawberry Festival followed by the parade fireworks and a Civil War encampment. It continues June 27 with a craft show chalk art live petting zoo and pony rides dedication of a historical marker a singing contest karate demonstration concert lamp light Riverside Cemetery tour and the regional premier screening of the movie ?Garrison Keillor: The Man on the Radio in the Red Shoes. ? All activities will be around village hall. ?We wanted to have something where you could come on Friday night for the parade and fireworks and then come back Saturday to spend the day? said Larry Warren a member of the event?s organizing committee.
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