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You bore easily and thus require sexual adventure and change. You are more sensual than sexual, but you are sometimes downright lustful. Meaning Astrology Queries. More KI meaning in Acronym For find questions and answers, look at search results KI in Yahoo Answers. And finally again and again search KI Chemistry in Google. What does KI stand for Chemistry? What does KI meaning stand for Chemistry? KI meaning stands for Potassium Ions. What is the meaning of KI abbreviation in Chemistry?
What is KI definition? KI definition is "Potassium Ions". What does KI mean in Chemistry? KI mean that "Potassium Ions" for Chemistry. What is KI acronym? KI acronym is "Kulczyk Investments". What is shorthand of Kulczyk Investments? The shorthand of "Kulczyk Investments" is KI. What is the definition of KI acronym in Chemistry? Definitions of KI shorthand is "Kulczyk Investments". What is the full form of KI abbreviation? Full form of KI abbreviation is "Potassium Ions". Will Poland manage to meet the challenges?
The experience of recent years gives us a good reason to be optimistic. A year ago, the challenge was to ensure that Polish exports remain a driver behind the Polish economy, which seemed especially difficult in the face of the expected slump in trade with Russia and Ukraine.
But Polish exporters turned out to be exceptionally flexible. Although the result was only slightly better than the 5. This would be another record figure. At a joint press conference after the meeting, President Komorowski stressed the importance of policy coordination among countries in the Baltic Sea region in the face of the unprecedented deterioration of the security situation due to the Russian-Ukrainian conflict.
According to him, it is not only policy towards Ukraine, its security, independence and the right to take sovereign decisions, that requires coordination but also policy within the European Union and NATO. Before the meeting with President Poroshenko, Ewa Kopacz said the EU leaders would be talking about Ukraine at the forthcoming European Council summit and Poland would be articulating its position loudly.
He also gave a speech in the parliament at a joint meeting of the deputies and senators. It was the first official visit at head-of-state level between the two countries after the political changes in Ukraine. She also said Poland hoped that the decisions of the NATO summit in Wales, in particular the one to strengthen the eastern flank of the Alliance, would be fully and quickly put into practice. During the meeting, the two prime ministers talked about migration policy and the question of Polish people living in Britain.
Another topic discussed was Ukraine. Prime Minister Kopacz said Poland supported the immediate ratification of the association agreement between the EU and Ukraine by all EU member states. Was privatisation still on an uptrend in ? Or was it rather a dwindling trend after a surge in the s?
Over the past 25 years, the Polish economy has undergone a tremendous transformation. An essential role in building a free market based on private property was played by privatisation. In the early s, there were almost 8, state-owned companies in Poland. Today the Minister of the Treasury has about companies under its supervision, of which are active. The priority is for the Ministry of the Treasury to build value of state-owned companies by focusing on innovation development and searching for business synergies.
It is worth pointing out that the historical stock market value of the state-owned companies listed on the Warsaw Stock Exchange has increased by approx. When it comes to ownership transformation, privatisation processes are in progress now. Even though mainly small companies are concerned, these are often very complex projects, requiring restructuring and viable development concepts.
It should also be noted that the approach to privatisation has changed recently. Proceeds from it are not only transferred to the budget, but they are also allocated to encourage economic development as part of the Polish Investments programme.
The Polish Investments programme accounts for contracts for funding with a total value of. PLN Following a contract worth PLN 1. It is a great event: we managed to see through the process which had kept failing for over two decades. As a result, the Polish defence industry stands a chance to successfully compete for the largest possible number of contracts under the Armed Forces Technical Modernisation Plan.
The Ministry of National Defence is to spend a total of PLN billion and it is naturally desirable that as much of it as possible stays in Poland. The consolidation made it also possible to create and maintain employment in the defence industry and its cooperating companies, an estimated thousand jobs.
In November, the cornerstone was laid for the construction of two power units in Opole, each with a capacity of MW, equivalent needed to meet the needs of 4 million households. This is the largest investment project in the energy sector since Poland regained freedom. The priority is to build value of state-owned companies by focusing on innovation development and searching for business synergies.
In October, a gas unit of approx. The energy sector is expected to receive PLN billion worth of investment until Thanks to it, power units will be put into service with a total capacity of 5, MW, which represents approx. In , the Industrial Development Agency changed its role. Following a strategy review, the company, which previously dealt with restructuring, started also innovation and investment activities, especially in special economic zones.
Thanks to effective restructuring, LOT started to make profits, and Poles continue to fly around the world in comfort. Plans for We are on the eve of the consolidation of the electricity sector. It clearly follows from our findings and observations of. Therefore, what will matter is the scale of operation.
A large entity has greater market leverage in so far as it is offered cheaper loans, can implement more easily vast investment projects, which are highly demanded in the energy sector, and finally benefits from the consolidation-driven cost synergies. A strong heat and power industry is also one of the building blocks of the Polish energy security, which we have been consistently building for years. Also, strenuous analytical and conceptual work will be done to put into effect the conclusions of the European Council of 23 October , so that the solutions to be developed by the Polish government, including regarding two compensatory mechanisms, take account of the needs of the energy sector and energy consumers.
We must remember that the proposals will be subject to agreement with the European Commission and the European Investment Bank. Furthermore, two important draft amendments to the Energy Law are under discussion. The regulation is primarily aimed to effectively detect and prevent market abuse involving the misuse of inside information, manipulation or attempts to manipulate trade in energy products.
The second draft amendment, which is to be made to the Energy Law and the Law on the rules of compensation of costs incurred by generators in connection with early termination of long-term contracts for the sale of electric capacity and energy, provides for the implementation of a smart metering system. At the same time, the amendments to the Law on bio-components and liquid biofuels will be adopted to reflect the systemic changes requested by the industry organisations, as well as the changes to be introduced by ILUC Directive.
The new law will determine the shape and nature of the market until at least Let me also mention the bill on renewable energy sources. The Ministry of the Economy has prepared solutions that will ensure the sustainable development of renewables in Poland by streamlining cash flows for different renewable energy technologies.
I am convinced that the future regulations will contribute to the rapid development of the renewable energy sector in Poland. This will have a positive effect on the innovation-driven development of many regions, especially rural areas, which have been stripped of investment opportunities so far.
A role model for young scientific adepts Prof. Let us take this opportunity to recall the profile of this outstanding scientist, who could serve as a role model for young scientific adepts, but also share with them his views on the factors determining scientific development. Our authority and friend shows that nothing is impossible in science.
He further shows that intellect, passion and perseverance are critical in the pursuit of a goal, while a sense of humor and self-irony are not at all an obstacle in this cognitive quest. Andrzej Wiszniewski was born in Warsaw on 15 February In , he obtained a PhD degree, and in postdoctoral degree.
He was associate professor since and in gained the title of full professor. Involved in opposition, he was interned under Martial Law. He wrote for Polish underground press. He also gave lectures and talks on social and freedom-related issues. Jerzy Buzek. In recognition of his work and civic attitude he received numerous awards, including:. For lifetime achievements, he was presented last year with the Siemens Research Prize, one of the most prestigious in national research field.
In his public speeches, professor Wiszniewski consistently emphasises the importance of values such as truth and honesty, which are the foundation of social ethics and genuine democracy. I appeal to the whole community to try to eliminate by all reasonable measures phenomena such as. By profession, I am an electrician and I specialise in automation power. And every time I can prove that my method for fault detection in power systems is effective, that it is indeed able to distinguish between all normal operating modes and thousands of possible failures, I feel such a creative joy.
I am aware, however, that the moments of joy are interspersed with the moments of sorrow. Jerzy Buzek o swoim przyjacielu Prof. Andrzeju Wiszniewskim. Rozmowy przyjaciela z przyjacielem. Experience shows that after turning 50 people rarely make new friends Prof. Jerzy Buzek about his friend Prof. Andrzej Wiszniewski. Fate has put such a life experience in my way. In , two independent groups in the victorious AWS election coalition proposed for the post of prime minister Prof. Andrzej Wiszniewski and me.
It seemed from the beginning that one of us would become prime minister and the decision was to be taken by AWS parliamentarians. I can hardly imagine a fairer and more open campaign. Talks between two friends. The decision taken in a secret vote by AWS deputies and senator did not drive a wedge between us. Just the contrary, it became a fuel for our long friendship. He might have become prime minister then instead of me. In fact, I have never heard anyone speaking about him in a different way.
This is meaningful. Dear Mr Professor, On the occasion of your 80th birthday, we wish you a lot of happiness, prosperity both in private and professional life, and many years in good health. Not because of any clear risk, any approaching catastrophe, or a general pessimistic mood. The main reason for the headache is uncertainty. The Polish economy survived in quite a good shape the year — a year of many turbulences and unpleasant surprises.
As the eurozone slowly recovered from the recession, Polish exports accelerated, and the improving mood of consumers and firms translated into growing domestic demand. As the fiscal position of the government improved, the government consumption followed at a slightly lower rate. But, even more importantly, investment demand started to grow at a twodigit speed because of, both, the renewed vigor of Polish firms increasing fixed capital formation and the buildup of stocks.
Altogether, all these factors were leading to the GDP growth of 3. Unfortunately, the problems soon appeared. The Ukrainian crisis followed by the Russian sanctions against Polish products led to the slowdown of exports growth, visible since the second quarter of The mood in Germany and the other eurozone countries rapidly deteriorated, following the political tensions in the East Russia and Middle East the Islamic State.
The social resistance to austerity continued in South European countries, and the austerity policy was more and more openly criticized by France, striving with economic stagnation. And, finally, the falling prices of raw materials combined with the excess supply on the food market led, surprisingly, to technical deflation, raising questions about its impact on the Polish economy. Altogether, the external conditions for the Polish growth seriously deteriorated, leading to the reduction of the forecast GDP growth rate.
According to a majority of forecasts, Poland should expect growth rate of ca. The year started as dramatically as possible. The scale of the company, employing almost 50, workers, would be enough to raise serious concerns. But, even more importantly, the crisis in the coal mining industry reminded everybody that Poland was facing a very challenging political calendar for the year , with the presidential and parliamentary elections scheduled for May and October.
The agreement reached between the government and the trade unions calmed down the tension for the time being, but obviously this sign of political unrest interfering with the economy is, most likely, not the last one in Once the tensions with the coal mining sectorcalmed down, the second bomb exploded.
An unexpected decision of the Swiss central bank to free the exchange rate of the Swiss franc immediately led to the serious strengthening of this currency. However, the Swiss franc story reminded us that the financial crisis was not over yet and, therefore, that Poland should be very careful in managing its public finances and its banking sector.
And finally, the real shell explosions at the Donetsk airport reminded everybody that the war at the Ukraine was not over yet. The economic tension between Russia and the West continues, with a possible heavy impact on the economic situation of Russia. These exports have already experienced a fall of ca. That, in turn, would mean a reduction of the total exports by ca.
All these risks cannot be neglected. Obviously, is a year of many unknowns, mainly outside Poland, although the possible political tensions may also complicate the economic life. Despite this, economic prospects for Poland in do not look bad. Domestic demand is growing on a quite solid base of low unemployment and low inflation or, actually, deflation. The outlook for investment does not look bad, either. All the available date suggest that Polish firms do not cancel their investment projects, as the growing output brought them over a few last years quite close to full capacity utilization.
Moreover, the new wave of the EU structural funds, available under the new 7-year EU multiannual budget framework, is likely to lead to the accelerated public investment growth. The fiscal situation, albeit far from being ideal, does not look dangerously.
Therefore, the government is not forced to implement any harsh austerity programme — quite risky in an election year. And both the inflation and unemployment rate should remain relatively low. Before that, the country had to meet the Maastricht criteria, including the need to participate in the ERM II mechanism. It is worth noting that Lithuania stayed in the mechanism for longer than any other country which has joined the euro zone so far - more than 10 years.
Although Lithuania has met the required nominal criteria, one may consider whether the country has achieved real convergence, that is whether it has managed to adjust its economy to make it competitive within the euro zone. It should be stressed that the Lithuanian economy lags behind other countries in terms of innovation and that Lithuania is among the European Union nations which invest the least in research and development.
In the case of Poland, which has a population of 37 million, the challenge would for sure have been much bigger. The country borrowed the euro banknotes from the Bundesbank. It needed a total of million notes, which weighed tonnes.
Lithuania produced the coins itself - million in while another million are to be minted this year, bringing the total weight to 1, tonnes. Speaking about public opinion, it should be added that Lithuanians are among the nations most enthusiastic about the European Union, which is certainly not the case with the Polish people. Geopolitical factors had obviously influenced these figures because, compared to the spring of , support for the euro zone rose in Lithuania by 13 pct.
By joining the euro zone Lithuania also automatically became a member of the banking union, which is now composed of two pillars: the Single Supervisory Mechanism and the Single Resolution Mechanism. Being a member of the banking union means the requirement for the banks, or in practice for their clients, to pay fees. One of the reasons is the difference in size between the two countries, which I have already mentioned. The Polish banking sector is nearly 15 times bigger than the Lithuanian one in terms of banking sector assets.
There are over 35 million bank cards in Poland. Where will you call when yours is lost or stolen? Many banks. One number for reporting a lost or stolen card. Keep it in mind and write it down. The system was developed thanks to the commitment of:.
The key element of the system is an automated IVR hotline using speech recognition technology. Several companies joined the Polish Chamber of Chemical Industry in November and it now has members. What is the reason behind such a sudden interest in becoming a member of the organization? Indeed, since the changes were made during the General Meeting of the Chamber in June we have seen a steady rise in membership. We thoroughly reorganized the rules for the operation of the Chamber, starting with its team, image and tasks to relations with members and the public administration.
Virtually every sphere of our activity was analysed and streamlined. The Chamber has become more member-friendly. Of course, the number of our members is still small, considering that there are around 11, businesses operating in the Polish chemical sector. But the rise in membership has helped us to improve our effectiveness.
We have also raised the number of our committees and are now able to deal with a much broader range of problems being of interest not only to our members but also chemical firms which have not joined the Chamber yet. Our members report their problems to relevant committees and we try to solve them jointly. Additionally, we have launched three internal projects for our members, but other firms are also welcome to take part.
Businesses see the results and benefits of being a member of the Chamber as we have intensified our activity, take an active part in conferences of various kind and have more pm. The Chamber represents the chemical sector in relations with public authorities and international organizations. What successes does the Chamber have to its credit in this respect? We give our opinion on the draft directives, laws and other legislation which may have any influence, even the slightest one, on the chemical sector.
This mainly concerns legislative processes conducted at the Ministry of the Economy and the Ministry of the Environment, but also at the Ministry of Labour and Social Policy and the Ministry of Finance. I consider the removal of excise tax on natural gas in as one of the most spectacular successes.
Many draft laws are now in preparation. Among the most important drafts we are now working on are the draft laws on renewable energy sources and on the emissions trading system EU ETS. The European Commission has rejected the Polish system of reliefs for energyefficient industries designed to reduce high energy costs. Unfortunately, work on amending the law is stalled and the industry has to incur the cost of supporting renewables.
The draft law on emissions trading on which the government is completing its work is also of great importance for the competitiveness of the Polish chemical industry. We work on both issues with organizations representing other pm. In , we intensified our activities and are doing whatever we can to protect the interests of our members and the Polish chemical sector in Europe and even in the international arena. These huge battles are still going on so we are not laying down our arms.
As regards the EU administration, we have direct contact with Polish MEPs, especially members of the commissions and working teams which deal, even indirectly, with the chemical sector. Although Poland has been an EU member for 10 years now, it is still a novice when it comes to the way things are done in Brussels. Many countries, especially Western European ones, have excellent lobbying systems operating under different rules than in Poland.
Another success in , in my view, was that the European Commission decided to keep anti-dumping duties on ammonium nitrate fertilizers imported from Russia. In , almost all indicators in the sector improved. Every year our member companies spend more and more money on investments.
For example, Synthos, a well-known rubber producer, is implementing investment projects in the Czech Republic and has started to invest in Brazil. It should be remembered, however, that the Polish chemical sector is strongly dependent on imports of raw materials, especially the basic ones, which raises investment risk. One must not overinvest.
On the other hand, the drop in oil prices will certainly have an impact on the full-year results of the industry. But its condition is quite good and this is one of the reasons why chemical firms have started to carry out their long-term plans and strategies. How do you assess the situation of the Polish chemical sector?
Although we are holding this conversation at the end of , it is too early to sum it up because we do not know how the year, and its fourth quarter in particular, will end. Is the chemical industry facing further changes now after Azoty Group has been established? The consolidation of the Polish chemical industry was a long-awaited process. And finally, after many failed attempts, it was successfully completed and Azoty Group was. Is it the last piece of the puzzle on the Polish market? This question should be asked of the shareholders and business owners while possibilities are diverse.
The present situation is conducive to joint investment. In December , Lotos Group, Azoty Group and Polskie Inwestycje Rozwojowe SA signed an agreement to set up a special-purpose company and conduct a full feasibility study for a petrochemical complex to be located at the existing Lotos and Azoty plants. The value of the project was estimated at around PLN12 billion. In the case of such big projects, one has to wait for final analyses.
We are waiting for guidelines of the EU financial plan to see whether the projects will be continued and in what form. The Nanoforce project showed that the Polish chemical sector still needs time to develop in the area of nanotechnologies, including development at the research stage, to be able to fully benefit from the project. The European Commission should adjust this kind of projects to the abilities of individual countries.
The project enjoyed great interest from chemical firms as well as transport and distribution businesses. We conducted many tests, including in monitoring the transport of hazardous materials by road and rail. SPICE3 is a project oriented at energy efficiency.
In , we organized three workshops. We show the best practices, mechanisms and products improving energy efficiency. These are our special internal projects intended mainly for our members but also for the sector as a whole. We are building a platform for sharing the best practices and supporting companies in establishing mechanisms improving safety. The project will be developing and evolving depending on the needs of the companies and the situation in the sector.
A special session with safety exercises — a simulation of pm. The aim of ChemHR is developing human resources for the chemical industry and building the bridge linking the industry and universities. In the first stage of the project, we organized internships for students in chemical firms.
We are now conducting the second stage of the project, with more universities and firms taking part. We want to strengthen the curricula so that graduates know more about the chemical business. One of the main topics will be presenting the most dynamically developing segments of the chemical industry in the world. We are inviting people representing institutions and global corporations from the United States, the Middle East and Asia.
We want them to tell us about their development plans, how they analyse markets and where they draw inspiration from. We are still learning because Polish companies have started to invest abroad only recently. We have already learnt a lot from the media and conferences, but insiders are the best source of knowledge.
And we want to look for similar solutions in Poland, of course taking into account the difference in scale. The protection of the Polish and European markets will be another important topic. We will also be talking about logistics from the perspective of transport and distribution companies providing services to the chemical sector and companies building facilities, like for example warehouses, for chemical firms.
We will not avoid discussing issues associated with climate change, the environment and innovation. We are completing our work, carried out in conjunction with the National Centre for Research and Development NCBiR , on the sectoral programme for the chemical industry Innochem. It is to be launched officially in so there will be a lot for us to talk about during the congress.
The condition of the European chemical industry will be presented by representatives of chemical organizations operating within the EU and in the international arena. And we plan a section devoted to legislation affecting the chemical sector. Of course, we are also working on other topics of the greatest significance for the Polish chemical industry. What is the condition chemistry research and the chemical industry in Poland?
These are actually two different issues. Polish chemistry as a science stands very well. It is one of two major Polish disciplines that enjoy worldwide recognition. The second one is physics. Unfortunately, in recent years, the whole Polish science has slipped down in international rankings. Chemistry has been affected too, but it still occupies a very decent position.
As for the chemical industry, the issue is extremely broad, because it was once statecontrolled. We used to have large industrial plants, but it is a thing of the past. There are still some remnants such as PKN Orlen, in which the state hods a majority stake, and which can be regarded somewhat as a continuation.
However, a lot of plants changed their profile after the economic transition. In general, they are faring quite well. In my opinion, the chemical industry in Poland is in good standing. How would you describe the science-industry cooperation then?
It is a constant ill. There are excellent examples. He co-authored nearly patents. There are several other examples, so things keep going pm. The problem is that science has to gradually switch to a different way of interacting with industry.
Today, one of the most important global industrial agents is BASF. But I remember when, many years ago, a foreign business delegation came to Poland to sound out cooperation opportunities with science. I am not a specialist in implementation even though I am an enthusiast of it. During this meeting, I learned some very important basic information.
It turned out, for example, that for a foreign industrial partner to start negotiations with a research unit in Poland, the invention has to be patented first. Property rights to the invention have to be clearly defined. If this is not regulated, no one from the industry wants to get involved because there is no chance of obtaining exclusivity, and only exclusivity makes sense in business.
Regarding cooperation with industry, some hopes are placed on a new research funding system now being prepared, in which the industry is to outsource research to universities and institutes. How do you find this idea? I am afraid of it.
I chair the Committee of Chemistry under the Polish Academy of Sciences, which is quite unique among other committees as far as we have always a representation of industry, and it is high-ranking industry. We were warmly welcomed, but as we went on asking questions about what the Polish chemical industry would expect from science, answers were generally evasive. Trying pm. We want to hold one more meeting with industry representatives to find out what they think about it.
And even if they are willing to have one particular current problem examined, should one emerge, it is, I think, without any significance in the cognitive sense. So I am afraid that this could mean a giant waste of money, because these resources will be very vast. I optimistically assume that the government will not go in for some primitive, inefficient measures such as spending cash and losing any further interest in it. At the moment, we do not know how it is going to turn out.
You have just returned from Davos, where you had an opportunity to talk with global business leaders and represent Grupa Azoty and the entire Polish industry. Is there any message you could share after these talks? The times are gone when the world was so peaceful and so prosperous. There was a lot of talk of security at large, including energy security, but also, which seems most challenging, food security.
Conservative projections suggest that in we will be more than 9 billion. The only way to achieve this is to use fertilisers on a greater scale. Generally yes. However, there are very significant disparities in the world in this respect. In Europe, we use up to kg of nitrogen per hectare.
In other places in the world this amount is more than kg, which can be dangerous for the environment. But there are also examples from Asia or Africa, where it is only a few kilograms. And it is precisely in Africa that the largest population growth is anticipated. Europe, and Poland too, can be a leader in the promotion of good agricultural practices and fertiliser cultures.
As a Group, we have ventured into Africa, taking over a phosphate rock mine in Senegal. We will soon start processing phosphates into the phosphoric acid and manufacturing fertilisers, which will help us to establish ourselves on this absorptive market. With the global expansion, even if we do not become immediately the company of first choice, we hope to be the preferred one, or at least well known.
After all, Polish agriculture has gone a long way from fragmented holdings and backward agrarian techniques to a very modern sector of the economy with a strong processing output. Now we have a surplus of 5. We have learnt with satisfaction that the Minister of the Treasury has classified Grupa Azoty among the companies of strategic importance for the Polish economy.
The European Union, too, came to the conclusion that such measures are needed. On stepping down, the EU Commissioner for Competition Joaquin Almunia, stated that there was a need to revise the rules on takeovers. We did face such a hostile takeover attempt, with another company striving to get a strong shareholding in our business.
Countries like Germany or Austria have passed the legislation allowing them to control foreign investment. The strategic resource for you is natural gas. Grupa Azoty annually consumes 2. How do you operate on this market? Has anything changed, as there was talk of supply problems in the past? Poland has leant a lesson and has made progress as regards the liberalisation of the natural gas market and the expansion of the transmission infrastructure westward and southward. The situation is much better than a few years ago.
The imports are funneled from the west using a physical reverse flow on the Yamal pipeline. In addition, some of it is bought on a commodity market where it is currently cheaper than on contract. Our future target is to have half of our demand secured by a long-term contract with a full guarantee of supply and on the basis of futures quotes. The second half will be bought on OTC and commodity markets under shortterm framework contracts with several suppliers and using several lines of supply including through direct import.
This does not exclude purchases from PGNiG according to. PGNiG is and will remain our main supplier. The European Union has decided to extend the anti-dumping duties on ammonium nitrate from Russia for another five years.
What does this mean for Grupa Azoty? This is very important for us. Russia has entered the WTO and pledged to maintain uniform prices for natural gas for all customers, while in fact it applies dual pricing, that is low prices for Russian producers and much higher for western customers. This means that we pay for gas more than Russian companies, and EU duties are precisely intended to protect us against such deregulated competition. Furthermore, Russia pursues a selective commercial policy: on one hand, it has placed an embargo on Polish agricultural products; on the other hand, it wants to sell its fertilizers to Polish farmers.
Everyone would agree that it is not fair. You have outlets in more than 70 countries around the world. Last year, the mining of phosphate rock started in Senegal, giving Grupa Azoty Police access to its own resources. Will this success, pioneering on the Polish market, be reproduced in other countries, not only African? Our core market is and will remain Poland and the whole central part of European Union. In particular, we are present in Germany, France and the United Kingdom.
However, the consolidation of the Polish fertiliser industry, through the ensuing economies of scale and a more comprehensive portfolio, afforded us an opportunity to gain foothold on new markets. We have boosted our exports to South America and now, in addition to strictly commercial activities, we are looking to invest in Brazil. Likewise, we pursue a development strategy in Africa. In addition to mining phosphates in our Senegalese plant, we are considering launching fertiliser production locally.
A fertiliser producer must seek the closest possible cooperation with the customer-farmer. High yields are, in Polish soil conditions, the result of intelligent and accurate fertilisation. What does Grupa Azoty do to develop agriculture in our common interest?
In the years , the value of Polish agri-food exports increased from EUR 4. We follow all these changes in Polish agriculture very carefully, giving a special consideration to this aspect of our business. We feel it is important not only to sell a wide range of modern fertilisers, but also to advise our customers on fertilisation. It is a platform for cooperation, and above all, for the exchange of information and experiences between farmers, advisers, research bodies and businesses.
Is the current macroeconomic situation likely to result in increasing domestic sales? Due to the dynamic increase in caprolactam production in China, the global situation has changed. The production of caprolactam and its exports to the east is no longer an end in itself for us.
However, we do take notice of the development potential of plastics, which was reflected in our particular investment decisions. As in the fertiliser segment, we are moving towards high-margin products. In June , we proceeded to the formation of special purpose vehicles and, together with our foreign partners, we will produce highmargin products based on innovative technological solutions, such as films and flexible packaging.
We have learnt with satisfaction that the Minister of the Treasury has classified grupa Azoty among the companies of strategic importance for the Polish. He graduated from the Warsaw School of Economics, Faculty of Foreign Trade, majoring in economics and foreign trade organisation. It was attended by the key leaders of the chemical industry represented by the presidents and board members of the largest Polish and international companies , as well as by government officials.
The chemical industry has become in recent years one of the leading areas of Polish foreign expansion in a sense of foreign direct investment. Thanks to it, jobs are multiplied in related fields. The chemical industry can boast, as compared to other. We have a great opportunity to effectively use these resources for innovation, new technologies, extending the supply chain, increasing margins on finished products. The issue of innovation and development was also raised during panel discussions, which focused on the position of the Polish chemical industry on the European market and worldwide.
Another issue discussed was how to improve efficiency of the chemical industry, which is growing rapidly being one of the most important sectors of the economy, but still needs modernisation and making full use of its key assets.
Therefore, we. What could be the role of PERN in this respect? Natural gas supplies from Russia are the only option for Poland indeed, but the situation is completely different with oil. Oil can be purchased from various suppliers.
Ten years ago oil supplies by sea were equivalent to two tankers a year, whereas today it is more than 80 tankers 8 million tonnes per year and the trend is up. Refineries strive to diversify suppliers and PERN makes it possible for them with its pipeline and storage infrastructure.
Naftoport has been in operation, under its present name, for over 20 years although the first loading dock was opened as early as July , and is still our gateway in terms of oil supplies. With the Terminal put into service, it will be possible to develop new services for refineries and private operators trading crude oil on world markets. These services will include: storage, blending and refining, as well as import and export.
How important will this investment project be for the Polish economy? The terminal will first of all allow Poland into the global energy commodity market, which is concentrated in Europe in the ARA area Amsterdam, Rotterdam, Antwerp. The terminal will also contribute to further diversification of supply sources and foster energy independence.
It will afford storage capacities both for energy security and purely commercial purposes. We are planning to cooperate with the Azoty Group and Lotos Group in the field of chemical products. The Oil Terminal will handle transshipment, import, export and storage of crude oil, its derivatives and chemicals. This will be the only such storage and transshipment complex in Poland. There is no other similar facility.
The construction will be divided into stages. Due to the plummeting oil prices, there is a growing demand for oil storage services. Oil trading companies assume that after the slump the prices will eventually rebound, which will offset storage costs. For that reason, all of our storage facilities are bursting at the seams, which brings the company additional revenues.
Oil markets have flipped into a contango, a term used to describe a situation when the futures contract price of a commodity in this case oil is higher than the current spot price. Oil prices are falling, but, as we know, buyers expect them to go up in the future and are willing to pay traders a premium to secure the commodity and avoid storage costs and future delivery risks. Traders with experience in hedging transactions gain, making lots of money.
It is a great time for companies that know how to manage risk. All indications are that this will be a successful year. Falling oil prices generate demand for commercial storage, but also for oil transport. The greater the supply of oil on the Polish market, the lower the prices and, consequently, the greater the demand for diesel and gasoline from retail customers.
This in turn stimulates production and drives. To what extent is this activity dictated by the national energy security considerations? Oil stockholding obligation is imposed by law. Our tanks meet all technical and legal standards necessary for safe storage of crude oil. Owing to the convenient arrangement of tanks and flexible access to compulsory oil stocks, our storage services enjoy a good reputation and steady interest. Is the Polish legislation on the compulsory stock obligation not too restrictive compared with other European countries?
The Polish legislation in the area of mandatory reserves is essentially based on EU directives, so I would not call it restrictive. However, we feel a more flexible approach is needed allowing to store compulsory stocks of other countries. The Polish law provides that an entity operating in another EU country can only keep compulsory stocks in Poland pursuant to intergovernmental agreements, which are concluded in a long and very formal process.
From our point of view, I mean from the point of view of the service provider, it would be optimal if foreign stocks were held in Poland on the basis of agreements entered into at a company level and by government agencies responsible for reserves.
This would make the market more flexible and immediately responsive to demand for this type of service. Is PERN planning to expand its storage infrastructure? Now is a good time for such investment projects. The market is evolving and we must always be two steps ahead of it. The strong dollar and euro against the zloty are favourable factors too, since the majority of our services are cleared in these currencies.
Will it be possible to build in the future other pipelines — apart from the Druzhba Friendship — from the Russian direction? Today, we target the expansion of the network of product pipelines, for transporting gasoline and diesel. These are huge and costly projects, which is why the decision on their implementation must be preceded by a thorough analysis and commercial contracts.
When it comes to both crude oil and fuels, the solution can be acquiring the existing pipelines, operating in conjunction with our system. Such a possibility is considered and we are open to discussion. The group consists of a dozen companies, including nine major ones, employing over 3. Our common goal is to make Ciech a world leader in the chemical industry and it is a declaration that we take very seriously.
This is also confirmed by international experts. Altogether, Ciech is seen as one of the leaders of the European chemical market. What would you cite as milestones of the past 25 years? It must be remembered that at the turn of the s and s, that is at the beginning of the political and economic transition in Poland, Ciech was the largest foreign trade company, having for example the monopoly for crude oil supply to Polish refineries.
But it lost it very soon, which meant it had to find itself a new place on the market. An important moment was also its transformation in into a joint stock company and registration of the name Ciech SA. A successful IPO provided it with capital and resources to implement ambitious acquisition plans. Its prestige got enhanced, and so did the brand credibility and recognition. Another important period in the history of the company was the global recession and the restructuring process, which is still going on.
At the outbreak of the economic crisis, Ciech was among the companies that had entered into currency option contracts. The losses incurred amounted to approx. PLN million. The company lost its capacity for timely repayment of loans and found itself on the verge of bankruptcy. The owner made drastic changes in the organisation of the company, ousting in April a majority of the Board members and appointing myself as President. The new Board began by cutting costs, but also ran in parallel development projects.
This was a tough task, because we did it The only thing we had was a detailed restructuring programme that we implemented point by point. An effective, sometimes brutal, fulfillment of it resulted in a rapid recovery of liquidity, but we knew what we wanted to do next even before that.
The last milestones would be in my opinion the change of ownership - in June , pm. The key is efficiency. In recent years, we have slashed costs, increased margins and worked towards a better price management. We have also invested in new production capacities. The combination of these factors has resulted in the fact that, despite lower sales, we enjoy a growing profitability.
The scope of your business covers the production, trade and distribution of chemicals. What industries are your biggest customers? We have a global outreach, dealing with international customers from a number of sectors: chemical, pharmaceutical, food, construction, agriculture, glass and furniture, as well as with individual consumers. And how do you assess the past year? It was a good year. Both the company and its shareholders have reason to be satisfied.
The company recorded good financial results, the share price increased by approx. USD 40, and debt went down. After the successful execution of the rescue plan when we were struggling for survival, we boldly moved on to the phase of operational improvement and development. Change in the corporate operational management allowed us to fully use our production capacities.
What I am personally happy about is that we managed to negotiate a compromise agreement with the trade unions in all plants. Of course, the most important event from the point of view of the company was a change of ownership, which opened up completely new prospects.
Each of our companies occupies an important place in our business strategy and they are all the objects by my special attention and interest. That is where decisions of strategic importance for the entire group are made. On the other hand, if I really had to choose one of our manufacturing companies, it would probably be Soda Polska Ciech, which accounts for over half of our total output of soda, a product which is at the core of our business.
And which products would do call your flagships? Ciech SA operates through its foreign branches. In the era of globalisation and the EU single market, sales are managed from our headquarters. The notion of exports and their share in our turnover has a different meaning today than ever, because it is pointless talking about exports from Poland if we have production facilities in Romania and Germany, which also market their products outside the country of manufacture.
Polish sinologist. Retrieved 15 October Kulczyk Foundation. Retrieved Business School Warsaw University of Technology. Green Cross International. News Beezer. Retrieved 20 February Namespaces Article Talk. Views Read Edit View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. Dominika Kulczyk is an entrepreneur, investor and philanthropist. She is the Founder and President of the Kulczyk Foundation — a private family-run foundation whose basic aim is to fight with the discrimination of women and girls all over the world.
She studied at the university in Shanghai and the Beijing University. She also received her post graduate degree in strategic philanthropy organized by the Rockefeller Foundation. The Kulczyk Foundation works towards identifying efficient solutions to issues affecting people in the most dire situations. No matter who they are, and where they live.
Helping others should be entirely professional and efficient, with the continuous focus on all the values uniting the people. We help those who help others by introducing best business practices to the world of philanthropy. The foundation was founded in July , and its official inauguration took place on February 11th, Dominika Kulczyk Dominika Kulczyk is an entrepreneur, investor and philanthropist. Mission The Kulczyk Foundation works towards identifying efficient solutions to issues affecting people in the most dire situations.
Vision Helping others should be entirely professional and efficient, with the continuous focus on all the values uniting the people.
Kulczyk Foundation - annual report portal Kulczyk investments chemistry experiments changes Upload file. Didn't find what you were to remove this template message. Hidden categories: Webarchive template wayback removing promotional content and inappropriate external linksand by adding encyclopedic content written from articles with a promotional tone. Help Learn to edit Community on NY Daily News. Contact us at: media kulczykfoundation. PARAGRAPHVision Helping others should be Foundation statute - download pdf the continuous focus on all the values uniting the people. April Learn how and when is written like an advertisement. Strategy We help those who help others by introducing best. Please help improve it by links CS1 maint: archived copy as title Articles with a Luxembourg Kulczyk family. Retrieved Archived from the original Talk.Kulczyk Investments SA is an international investment company, founded by Polish entrepreneur Jan Kulczyk in , focusing on business opportunities in high growth markets. The company's strategic sectors are energy, infrastructure, chemical industry The company owns numerous operating onshore and offshore wind projects. Sebastian Kulczyk, son of Poland's richest man, must decide how to reinvest his on investments made in the chemicals, energy and infrastructure industries. in Ciech SA, a chemical manufacturer, to the country's richest man in Kulczyk Investments, now controlled by the late Mr Kulczyk's son.