Monika Scislowska
China: $10 bn in credit for some European nations
Prime Ministers, from left, of Serbia Mirko Cvetkovic, of China Wen Jiabao, of Poland Donald Tusk and of Latvia Valdis Dombrovskis, attend the opening of the Poland - Central Europe - China Economic Forum in Warsaw, Poland, Thursday, April 26, 2012, on the second day of Jiabao's visit to Poland. (AP Photo/Alik Keplicz)(Credit: Alik Keplicz) WARSAW, Poland (AP) — Chinese Prime Minister Wen Jiabao said Thursday his country is setting up a $10 billion credit line to support joint projects with Central and East European nations.
Wen said that China would like to invest in infrastructure projects, new technologies and green energy in order to boost business and trade that would benefit both sides. He spoke at the opening of a business forum of hundreds of business people from China and Central Europe.
Wen also pledged to open the Chinese market to goods from Poland and from Central Europe to balance the trade exchange, in which Chinese exports are dominant.
“China will work with countries in Central and Eastern Europe to mutually open the markets and to increase the trade exchange to $100 billion before 2015,” Wen said.
In 2010 the trade exchange was more than $41.1 billion, compared to just $3 billion a decade earlier, according to Central and Eastern Europe Development Institute.
Prime Minister Donald Tusk said Poland is a good place for Chinese investment due to its persistent economic growth, in defiance of a global crisis, and due to its leading role in the region, where some of the countries are European Union members and some are attempting to join the bloc.
Chinese investment in Poland is valued at $120 million (€90 million), according to the institute, while government figures say that total trade exchange last year was over $19 billion (€14.5 billion), but only 10 percent of that was Poland’s exports to China.
Wen and Tusk stressed the great potential for doing business on both sides and urged companies across the region to seek business partners.
Cai Zhi, director for Poland of a Chinese company specializing in building highway bridges and tunnels for underground city transport, said he hopes that Poland will appreciate the know-how and experience of SUCG International Engineering Co. Ltd., which is based in Shanghai.
“We want to find some opportunity here,” he said, nothing that could be a challenge because Polish companies fear lower-priced competition from China.
A large contract with China’s COVEC construction company to build part of a highway needed for the June European football championships collapsed last year due to poor cooperation with Polish subcontractors.
But there also are challenges for European companies in the Chinese market.
Andrzej Pawelec of Agrihortus company, who is seeking new partners in China to sell its beverages, said there is a huge market there but that consumers are looking for luxury goods from Europe.
The Chinese are “very pragmatic” in business, Pawelec said. “If they see a good and honest business proposal, they are always open.”
Shale gas exploration raises hope, fear in Poland
SZYMKOWO, Poland (AP) — A slender shale gas rig rising from the midst of plowed fields and farm houses in Poland has inspired both hope for a local community’s prosperity and fears it will ruin bucolic and peaceful village life.
The rig in the central Polish village of Szymkowo belongs to Canadian-based Talisman Energy Inc., one among some two dozen international companies across Poland exploring thousands of meters (yards) underground for hidden deposits of natural gas hailed as a vast new source of fuel.
Continue Reading ClosePM: Poland is ‘victim’ of US leaks on CIA prison
WARSAW, Poland (AP) — Poland has become the “political victim” of leaks years ago by U.S. officials who indicated the country hosted a secret CIA prison for terrorism suspects, the prime minister said Thursday.
Donald Tusk made the comments after a leading newspaper reported that Polish prosecutors have brought the first charges in the investigation they opened in 2008 into a now-closed CIA facility in the country.
“Let me remind you that really, in some sense, Poland is a political victim of indiscretions of some participants in the U.S. administration from a few years back,” Tusk told a news conference, clearly referring to first word of it being mentioned in U.S. media.
Continue Reading CloseTests reveal aging of da Vinci masterpiece
WARSAW, Poland (AP) — Bark beetles and old age have damaged Leonardo da Vinci’s 15th-century painting “Lady with an Ermine,” but the masterpiece is still holding up well, according to a conservationist at the Polish museum where it is displayed.
Recent tests show the chestnut board on which da Vinci painted his masterpiece has weakened after being nibbled at by beetles over the centuries, and the painting has also suffered from a dense network of cracks, said Janusz Czop, the chief conservationist at the National Museum in Krakow.
Continue Reading ClosePoland exhumes some 2010 plane crash victims
WARSAW, Poland (AP) — One autopsy report describes organs that had been removed years before. Another adds 20 centimeters (nearly 8 inches) to a short man, making no mention of bones disfigured by childhood polio. One family doubts whether an autopsy was performed at all.
Polish investigators have exhumed the remains of three of the 96 Poles killed in the 2010 plane crash in Russia that killed President Lech Kaczynski due to flaws in the initial autopsies performed by Russian officials.
The need for the new autopsies has added to suspicions held by some Poles that the Russians were, at best, sloppy in their handling of the crash aftermath, and, at worst, trying to cover something up. Russian authorities say any inaccuracies result from the fragmented state of the bodies after the crash.
Continue Reading ClosePolish Art Student Hangs Own Painting In Museum
A mother and child point a small painting by art student Andrzej Sobiepan at the café of the National Museum in Wroclaw, Poland on Wednesday, Jan. 4, 2012. Art student Andrzej Sobiepan didn't want to wait decades for his work to appear in museums. So he took matters in his own hands, covertly hanging one of his paintings in a major Polish gallery. By Wednesday, the young artist was getting plenty of attention after a nationwide TV channel reported on his stunt at the National Museum in the southwestern city of Wroclaw. He told reporters he hoped galleries would give more exhibition space to young artists as a result. (AP Photo/Bartlomiej Kudowicz) POLAND OUT(Credit: AP) WARSAW, Poland (AP) — Art student Andrzej Sobiepan didn’t want to wait decades for his work to appear in museums. So he took matters in his own hands, covertly hanging one of his paintings in a major Polish gallery.
By Wednesday, the young artist was getting plenty of attention after a nationwide TV channel reported on his stunt at the National Museum in the southwestern city of Wroclaw. He told reporters he hoped galleries would give more exhibition space to young artists as a result.
“I decided that I will not wait 30 or 40 years for my works to appear at a place like this,” Sobiepan told TVN24. “I want to benefit from them in the here and now.”
Continue Reading ClosePage 1 of 3 in Monika Scislowska