Warsaw Business Journal 15/38 (September 28-October 4, 2009) by WBJ

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									      The Polish beer market                                                                                                                 The Mint of Poland is                                         An e-government initiative
      has suffered its first y/y                                                                                                             looking to raise money                                        set to launch in February
      sales drop since the end                                                                                                               to finance regional                                           could reduce the bureau-
      of communism                                                                                                                           expansion ambitions                                           cratic burden on business
                                                                             3                                                                                                    5                                                         4
     WWW.WBJ.PL




VOLUME 15, NUMBER 38 • SEPT 28 – OCT 4, 2009 . z∏.9.90 (VAT 7% included) . ISSN 1233 7889 INDEX-RUCH-332-127                                                                                 Since 1994 . Poland’s only business weekly in English




                                                                                                                   Moment of truth
   REAL ESTATE
 Lokale Immobilia
                                                         MATEUSZ GO¸ÑB/WBJ




• Aging buildings
• Korona Kielce
• Office benchmarks
                  11-17
No real
alternative
The Irish should vote
“Yes” in this week’s
referendum, despite the
Lisbon Treaty’s flaws 7

Catalyzing
change
WBJ talks to Warsaw
Stock Exchange
President Ludwik
                                                                                 COURTESY OF THE EUROPEAN COMMUNITY/WBJ




Sobolewski about
Catalyst, a new debt
securities market 10, 21


     2009
Training                                                                                                           Ireland decides on the future of the Reform Treaty this week
companies                                17-19

                                                                                                                   The fate of the Lisbon Treaty
                                                                                                                   hangs in the balance this week as                                  Deadly mine explosion
                                                                                                                   Irish voters take to the polls for a                               Mine safety measures are again in the spotlight
In this issue                                                                                                                                                                         following a large explosion at the Wujek-Âlàsk mine
News . . . . . . . . . . . . . . . . . . . . . .2-3                                                                second time. At stake is the future                                in Ruda Âlàska. A number of miners have been
Business Environment . . . . . . . . . .4
Industry News . . . . . . . . . . . . . . . .5                                                                     shape of the European Union –                                      killed and more remain in the hospital. An
Opinion . . . . . . . . . . . . . . . . . . . . . . .7
Cover Story . . . . . . . . . . . . . . . . .8-9
                                                                                                                   while signs so far have pointed to                                 investigation is currently underway                3
Interview . . . . . . . . . . . . . . . . . . . .10
Lokale Immobilia . . . . . . . . . .11-15
                                                                                                                   a “Yes” camp victory, enabling
Central & Eastern Europe . . . . . .16                                                                             further integration, a resounding
                                                                                                                                                                                      Corruption sting
The List . . . . . . . . . . . . . . . . . . .17-18
Inside the List . . . . . . . . . . . . . . . .19                                                                  “No” in the referendum could
Stocks & Currency . . . . . . . . .20-21
Entertainment . . . . . . . . . . . . . . . .22                                                                    resurrect the concept of the
                                                                                                                                                                                      Weronika M-P, a popular television personality
Last Word . . . . . . . . . . . . . . . . . . . .23                                                                “two-speed Europe.” WBJ talks to                                   and head of Warsaw Stock Exchange subsidiary
                                                                                                                   the experts about what the                                         WSEInfoEngine, was arrested last week on
                                                                                                                   referendum means for Poland                                        corruption charges. She appears to have been
                                                                                                                   and the EU                         8-9                             caught red-handed in the act of accepting a bribe 19
  2    www.wbj.pl                                                                                                            NEWS                                                                                                               SEPTEMBER 28 – OCTOBER 4, 2009




TVP manage-                                                 IN THE SPOTLIGHT                                                                                                                       Numbers in the News
ment mess
TVP’s new supervisory
                                                       Ukraine’s Euro 2012 troubles                                                                                                                      z∏.1.6 billion
board has dismissed                                                                                                                                                              was the month-on-month increase in August in the
acting president Piotr                                                                                                                                                                     value of mortgages granted
Farfa∏ and appointed a
new management board,
with Bogus∏aw Szwedo as
acting president.
However, Mr Farfa∏, who
                                                                                                                                                                                                                                       13%
                                                                                                                                                                                     of job candidates say they would definitely bribe
refuses to acknowledge
                                                                                                                                                                                      their potential employer to get a job, according
the supervisory board as
                                                                                                                                                                                               to a survey by Rynekpracy.pl
lawfully appointed,
refused Mr Szwedo
access to the TVP building
last week. Mr Farfa∏
claims he is waiting for a
                                                                                                                                                                                                         z∏.1.5 billion
court decision on the                                                                                                                                                                                            is the estimated value
matter of who heads TVP.                                                                                                                                                                                    of the Warsaw Stock Exchange
                     (WBJ)
                              COURTESY OF COUNCIL OF LVIV




Russians
annoyed                                                                                                                                                                                                                                22%
                                                                                                                                                                                 is the unemployment rate among Poles aged 18-25
The Russian Foreign
Ministry declared last                                                                                                                                                                                     Quote of the Week
week that a resolution                                 The stadium in Lviv will likely never be built, according to Polish and Ukrainian media
passed by the Polish                                                                                                                                                                          “I hope the market won’t fall today”
Sejm concerning the                                    The Ukrainian city of Lviv will            the former it is impossible               Polish media outlets have
Soviet invasion of                                     lose the right to host Euro 2012           even to say how many seats            already taken note of the fact
September 17, 1939, was                                soccer championship matches,               the planned arena would ulti-         that UEFA has been increasing       President Lech Kaczyƒski expressed optimism after ringing the opening bell at
damaging for the                                       according to a number of                   mately have.                          the number of stadium seats         NYSE last Thursday. The DJIA lost 0.42 percent on the day
normalization of Polish-                               Ukrainian and Polish sources,                  “There is a huge delay in         booked for its VIPs in Warsaw.
Russian relations.                                     which last week quoted a confi-            the construction work. Deliv-         It has also decided to site its
                                                       dential Union of European                  ery of the stadium in Decem-          International Broadcasting                                              Figures in focus
                                                       Football Associations (UEFA)               ber 2010 is absolutely impos-         Center in the Polish capital.
New US                                                 report. Delays in constructing             sible and unrealistic,” the               The organization of Euro
                                                                                                                                                                               Public-private proliferation
                                                                                                                                                                               Number of economic entities in the national economy, change
defense deal?                                          the city’s soccer stadium have             UEFA report was quoted as             2012 was awarded to Poland             half year-on-half year
                                                       made it impossible for the                 saying.                               and Ukraine in April 2007,
Representatives of the                                 project to be completed on                     The news came just a few          with four cities in each country                                         Private sector                                     Public sector
                                                                                                                                                                                   12
Foreign Ministry are in                                time, the UEFA publication                 days after Yevhen Chervo-             expected to host games. In
talks with the US about                                allegedly said.                            nenko, the deputy mayor of            May of this year UEFA con-                 10
future defense system                                      The Lviv stadium was                   Kiev, another Euro 2012 host          firmed that Warsaw, Gdaƒsk,                 8
plans. “If the Americans                               scheduled for completion at                city, publicly admitted that his      Poznaƒ and Wroc∏aw would be
                                                                                                                                                                                     6
would confirm on paper                                 the turn of 2011, but media                city could lose the right to          Poland’s four host cities.
what they are talking                                  reports indicate that the                  organize the games for the                The final decision on which              4
about, these would be                                  chances of meeting the dead-               tournament, including the final       Ukrainian cities will host Euro              2
interesting propositions,”                             line are practically nil. Nei-             match. He blamed insufficient         2012 matches is still pending. It
                                                                                                                                                                                     0
said Foreign Minister                                  ther a final design nor full               support from the Ukrainian            is expected to be made in mid-
Rados∏aw Sikorski.                                     financing have been secured                national government for the           December.                                   -2
He declined to reveal                                  for the project as yet. Without            predicament.                                         Adam Zdrodowski              -4
                                                                                                                                                                                          4

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26-year-old                                                                                            DATELINE                                                                                                                                                             Source: Central Statistical Office


meat sold                                                   September-October                                                                                                                                     Company index
Almost 200 tonnes of                                        SEPTEMBER                                                        Translation Agencies, TM-Europe 2009.          Abbott Laboratories . . . . . . . . .14 Echo Investment . . . . . . . . . . . .14 PBDiM . . . . . . . . . . . . . . . . . . . .11
                                                                                                                                                                            Accor . . . . . . . . . . . . . . . . . . . . .12 Ernst & Young Academy                     Peter Nielsen & Partners
meat produced 26 years
                                                                                                                             www.tm-europe.org                              AIG/Lincoln . . . . . . . . . . . . . . . .15 of Business . . . . . . . . . . . . . . . .19 Law Office . . . . . . . . . . . . . . . . .10
                                                            9.30-10.2 INVESTMENT FAIR                                                                                       Altkom Akademia . . . . . . . . . . .19 Estée Lauder . . . . . . . . . . . . . . .14 PKO BP . . . . . . . . . . . . . . . . . . .20
ago has been sold to                                                                                                1-2      FORUM                                          Antal International . . . . . . . . . . .4 Eureko . . . . . . . . . . . . . . . . . . . .21 Platinum Properties Group . . .14
                                                            Event:   Eurobuild 2009, HALA MT Polska, Warsaw.
kindergartens, schools,                                                                                                      2nd edition of the Banking Management
                                                                                                                                                                            Astaldi . . . . . . . . . . . . . . . . . . . .11 Euro-Apteka . . . . . . . . . . . . . . .14 Polish Energy Group (PGE) . . .21
                                                                     Organizer: Euro-Targi. www.eurotargi.pl        Event:
                                                                                                                                                                            Atlas Estates . . . . . . . . . . . . . . .13 Expert Monitor . . . . . . . . . . . . . .5 Polska Telefonia Cyfrowa . . . . . .5
retirement homes and                                                                                                         Forum, Marriott Hotel, Warsaw. Organizer:      Audytel . . . . . . . . . . . . . . . . . . . . .5 GfK Polonia . . . . . . . . . . . . . . . . .7 Pronox . . . . . . . . . . . . . . . . . . . . .5
grocery stores, according                                   OCTOBER                                                          Informedia Polska. informedia-poland.com       Bioton . . . . . . . . . . . . . . . . . . . . .5 Gino Rossi . . . . . . . . . . . . . . . . . .5 PZU . . . . . . . . . . . . . . . . . . . . . .21
                                                                                                                                                                            Bose International Planning                       Glitter . . . . . . . . . . . . . . . . . . . . .12
to TVN. However, the                                                                                                                                                        and Architecture . . . . . . . . . . . .14 Grupa ˚ywiec . . . . . . . . . . . . . . . .3
                                                                                                                                                                                                                                                                                    Rainbow Tours . . . . . . . . . . . . .19

Chief Sanitary                                              1        BREAKFAST                                      2-4      TRADE SHOW                                     BZ WBK . . . . . . . . . . . . . . . . . . . .4 Gulermak . . . . . . . . . . . . . . . . . .11
                                                                                                                                                                                                                                                                                    Rolfe Judd Architecture . . .11, 15
                                                                                                                                                                                                                                                                                    Royal Unibrew . . . . . . . . . . . . . . .3
Inspectorate has denied                                     Event:   Retail Breakfast with Arch Magic: How to       Event:   The 10th edition of the Gold Silver Time       Capital Park . . . . . . . . . . . . . . .15 Hochtief Polska . . . . . . . . . . . . .14
                                                                                                                                                                                                                                                                                    Ruch . . . . . . . . . . . . . . . . . . . . . . .5
                                                                                                                                                                            Carlsberg . . . . . . . . . . . . . . . . . . .3 House of Skills . . . . . . . . . . . . .19
that the meat could be                                               effectively cooperate with an architect?                Jewellery and Watch Trade Show, Expo XXI       Carrefour . . . . . . . . . . . . . . . . . .12 IVG Development Poland . . . . .15
                                                                                                                                                                                                                                                                                    Science and Technical
                                                                                                                                                                                                                                                                                    Publishing (WNT) . . . . . . . . . . .21
harmful. It was produced                                             8 am Marriott Hotel, Warsaw. Organizer:                 International Expocentre, Warsaw. Organizer:   CB Richard Ellis Polska . . .11, 15 JW Construction . . . . . . . . . . . .12
                                                                                                                                                                                                                                                                                    Segro . . . . . . . . . . . . . . . . . . . . .14
                                                                                                                                                                            CDM Pekao . . . . . . . . . . . . . . . .21 Katowicki Holding W´glowy . . . .3
in the 1980s for the                                                 Polish Council of Shopping Centers.                     Mi´dzynarodowe Centrum Targowe.                Centrozap . . . . . . . . . . . . . . . . . .5 Keen Property Partners . . . . . .12
                                                                                                                                                                                                                                                                                    Sfinks . . . . . . . . . . . . . . . . . . . . .19

Swedish army, but sold                                               www.prch.org.pl                                         www.zlotosrebroczas.com/eng/                   CF Cefarm . . . . . . . . . . . . . . . . . .4 KGHM . . . . . . . . . . . . . . . . . . . . .20
                                                                                                                                                                                                                                                                                    Skanska Property Poland . . . . .14
                                                                                                                                                                                                                                                                                    The Mint of Poland
                                                                                                                                                                            Chapman Taylor . . . . . . . . . . . .12 Kimball Electronics . . . . . . . . .14
in 1999 to a Swedish                                                                                                                                                        Church Land Development 11, 14 Kompania Piwowarska . . . . . . . .3 (Mennica Polska) . . . . . . . . . . . .5
                                                            1-2      CONFERENCE                                     3-4      FAIR
intermediary with the                                                                                                                                                       Cinema City . . . . . . . . . . . . . . . .12 Lux Med . . . . . . . . . . . . . . . . . . .14 TVN . . . . . . . . . . . . . . . . . . . . . . .2
                                                            Event:   TM-Europe 2009 “Quality and Terminology        Event:   “Targi mieszkaƒ, Domów i Wyposa˝enia           Colliers International . . . . .12, 13 Mattel . . . . . . . . . . . . . . . . . . . . .23 TVP . . . . . . . . . . . . . . . . . . . . . . . .2
stipulation that it be used
                                                                     Management, and Business Terms                          tabelaofert.pl” (Apartment, Homes and Fur-     Commerz Real . . . . . . . . . . . . .14 Miller, Canfield, W. Babicki,                    UBS . . . . . . . . . . . . . . . . . . . . . .16
for animal feed. The                                                                                                                                                        Cushman & Wakefield . .11, 12, 15 A. Chelchowski & Partners . . . .8 Uncle Milton . . . . . . . . . . . . . . .23
                                                                     and Conditions for Translation and Localisa-            nishings Fair tabelaofert.pl), PKiN, Warsaw.   Dent-a-Medical . . . . . . . . . . . . .14 Mostostal Warszawa . . . . . . . . .11 Von der Heyden Group . . . . . . .15
expiry date on the
                                                                     tion Services,” Marriott Hotel, Warsaw.                 Organizer: redNet Property Group.              DM BOÂ . . . . . . . . . . . . . . . . . . .21 Ober-Haus . . . . . . . . . . . . . . . . .15 Warsaw Stock Exchange . . . . .10
products is in 2010.                                                                                                                                                        DTZ . . . . . . . . . . . . . . . . . . . . . . .13 OP Architekten . . . . . . . . . . . . .13 WSEInfoEngine . . . . . . . . . . . . .21
                                                                     Organizer: TM-Global, Polish Association of             targi.tabelaofert.pl/warszawa
             (Poland A.M.)                                                                                                                                                  E&L Architects . . . . . . . . . . . . .14 Orbis Hotel Group . . . . . . . . . . .12 ZA Pu∏awy . . . . . . . . . . . . . . . . . .5
SEPTEMBER 28 – OCTOBER 4, 2009                                                                                                  NEWS                                                                                                           www.wbj.pl     3


Mine tragedy                                                                                                                                                                                                                            Ex-PiS bigwigs
                                                                                                                                                                                                                                        to form new

Fatal flaws                                                                                                                                                                                                                             party
                                                                                                                                                                                                                                        Ludwik Dorn, a former




                                                                                                                                       COURTESY OF WIKIMEDIA COMMONS
                                                                                                                                                                                                                                        deputy head of Law and
Following a deadly                      ship). The accident, which                          been in possession of informa-                                                                                                              Justice (PiS), is planning
explosion, an                           occurred on Friday, September                       tion related to safety violations                                                                                                           to establish his own
investigation has been                  18, killed 12 workers instantly.                    in the mine. Whistle-blowers                                                                                                                political party. He plans
launched into alleged                   Another six died in hospital,                       had apparently contacted the                                                                                                                on cooperating with
                                        and over 30 were still being                        ABW about the fact that                                                                                                                     Polska XXI and Prawica
lapses in safety at the                 treated for injuries as WBJ                         acceptable methane levels were                                                                                                              RP, two groups headed
Wujek-Âlàsk mine                        went to press.                                      being exceeded. And, after the                                       The Wujek-Âlàsk mine has been under intense                            by other former deputy
                                            Autopsies of two bodies                         accident, TVN24 published a                                          scrutiny since the disaster                                            leaders of PiS, namely
The debate over mine safety             revealed severe burns and trau-                     cell-phone video showing                                                                                                                    Kazimierz Ujazdowski
procedures has arisen again             ma as the causes of death.                          equipment showing dangerous                                          Krzysztof Król, a spokesperson     the center of Katowice. Edyta       and Marek Jurek.
following a methane explosion               Press reports last week                         methane levels.                                                      for the State Mining Authority     Tomaszewska claimed that the        All three men left PiS
in the Wujek-Âlàsk mine in              revealed that the Internal Secu-                        Former miners have admit-                                        (WUG), told PAP.                   attacker, who beat her and          following conflicts with
Ruda Âlàska (Silesia voivod-            rity Agency (ABW) had already                       ted that it was a common prac-                                           The management of the          stole her official laptop, shout-   party head Jaros∏aw
                                                                                            tice to falsify methane readings,                                    mine, which belongs to Katow-      ed “This is for the mines!”         Kaczyƒski.
 Recent major accidents in Polish mines                                                     by moving equipment to areas                                         icki Holding W´glowy, was crit-        It turned out that Ms
                                                                                            with fresher air. However, an                                        icized for its delayed response.   Tomaszewska had been inebri-
  Date                              Mine                              Casualties
                                                                                            inspection of the accident zone                                      Emergency mining crews were        ated and shouldn’t have been
                                                                                                                                                                                                                                        Komorowski
  September 18, 2009   KWK Wujek-Âlàsk (in Ruda Âlàska)                  17                 carried out last week by indus-                                      on site, but ambulance services    in possession of the laptop after   talks PO
                                                                                            try specialists and prosecutors                                      were only notified 38 minutes      work hours. As a result, she was
  June 4, 2008         KWK Borynia (in Jastrz´bie-Zdrój)                  6
                                                                                            showed no proof of tampering                                         after the tragedy occurred.        fired. The computer purport-        leadership
  November 21, 2006     KWK Halemba (in Ruda Âlàska)                     23
                                                                                            with equipment.                                                          In a bizarre twist to the      edly contained no information       Sejm Speaker Bronis∏aw
  February 6, 2002     KWK Jas-Mos (in Jastrz´bie-Zdrój)                 10                     “They were all installed in                                      story, a spokesperson for          related to the Wujek-Âlàsk          Komorowski announced
                                                                                            the places they should be,”                                          WUG was mugged last week in        investigation. Marcin Poznaƒ        that he could become
                                                                                                                                                                                                                                        the leader of Civic
                                                                                                                                                                                                                                        Platform (PO) if Prime
Beer                                                                                                                                                                                                                                    Minister Donald Tusk
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