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MICHAŁ DU VALL - PRAWO PATENTOWE
STEFAN PAPP: TRZEBA WYSIĄŚĆ Z PANCERNEGO POCIĄGU!
Trybunał za wzmocnieniem ochrony praw autorskich w Polsce
O społecznym sensie prawa z Profesorem Andrzejem Zollem rozmawia Judyta Papp
STEFAN PAPP: CO JEST W DRUGIM STWORZENIU?
AKTYWNY SĘDZIA - ZMIANY PROCEDURY KARNEJ
BP PIERONEK: STOIMY NA ROZDROŻU, CZY NA SKRAJU PRZEPAŚCI?
PROF. ELŻBIETA TRAPLE - YOU MAKE IT, YOU OWN IT
SUPREME COURT JUSTICE ANTONIN SCALIA DIES
WE’VE GOT WHAT WE WANTED
CRACOW'S CORNERS: HISTORY AND LUXURY
STEFAN PAPP - THE PEOPLE CREATE THE DICTATORS...
 
 
• AMERICA NEEDS A FIREWALL, NOT A BORDER WALL
Last week, as Washington obsessed over the latest revelations about Russian interference in the 2016 U.S. election, I couldn't help but think of a British diplomat I befriended on an ocean liner from Paris to New York almost seventy years ago. By the end of the trip, he had convinced me to move to Washington, DC, where he was about to become the second secretary in the British Embassy. He was the epitome of an English gentlemen, equal parts gossip and wit, and we talked for hours over long dinners.
Markets in perspective
• WCMS 2015 ON POTENTIAL OF POLAND AND THE REGION
Total has found oil and gas at the Harir Block in the Kurdistan region of Iraq. Located 60km from the city of Erbil, the Jisik-1 discovery well on the Harir Block was drilled to a depth of 4,511m and encountered light oil and gas with condensates intervals in Jurassic and Triassic carbonate reservoirs. Jisik is the second discovery in the Block, following on from the Mirawa-1 discovery, announced by Total on October 30, 2013. 'This success confirms Total’s exploration strategy in Iraq. The ongoing appraisal of the discoveries made on the Harir and Taza Blocks will allow us to identify options for development', commented Marc Blaizot, Senior Vice President, Exploration at Total.
• TOTAL HAS FOUND OIL IN KURDISTAN
Total has found oil and gas at the Harir Block in the Kurdistan region of Iraq. Located 60km from the city of Erbil, the Jisik-1 discovery well on the Harir Block was drilled to a depth of 4,511m and encountered light oil and gas with condensates intervals in Jurassic and Triassic carbonate reservoirs. Jisik is the second discovery in the Block, following on from the Mirawa-1 discovery, announced by Total on October 30, 2013. 'This success confirms Total’s exploration strategy in Iraq. The ongoing appraisal of the discoveries made on the Harir and Taza Blocks will allow us to identify options for development', commented Marc Blaizot, Senior Vice President, Exploration at Total.
• OIL PRICE SLIDE
The world is in a dangerous place now. A large share of oil sellers need the revenue from oil sales. They have to continue producing, regardless of how low oil prices go unless they are stopped by bankruptcy, revolution, or something else that gives them a very clear signal to stop. Producers of oil from US shale are in this category, as are most oil exporters, including many of the OPEC countries and Russia. Some large oil companies, such as Shell and ExxonMobil, decided even before the recent drop in prices that they couldn’t make money by developing available producible resources at then-available prices, likely around $100 barrel. See my post, Beginning of the End? Oil Companies Cut Back on Spending.
• CARL LARRY ON RUSSIA AND EUROPEAN OILY ISSUES
If you expected to come in today looking for some clarity, you will be sadly disappointed. If you're looking for a reason for oil to continue to trade higher on geopolitical risk, well come on down, you're the next contestant on the Price is Right. The game is not is not as simple as checkers, as there's a lot of moving parts. The thing that nobody is noticing is that there's a lot more going on than just Russia and Israel. The issues in Iraq seem to getting worse than better and in Iran, we're playing the Syria game and just keep backing up the deadlines. In a worst case scenario, we could conceivably lose Iran for good (~3M b/d), Iraq (~3M b/d), Russia (~10M b/d) and the coup de grace would be a rebellion in Saudi Arabia. Yeah, that's the type of Armageddon you get like when a bearded drag queen wins the Eurovision Song of the Year.
• GERMAN ECONOMY - STRONG AND WEAK POINTS
Germany's economy grew at its fastest rate in three years between January and March. Strong investment and consumers spending more freely meant gross domestic product rose by a seasonally-adjusted 0.8 percent from the previous quarter. Year-on-year it expanded by 2.5 percent. It was very much driven by domestic demand as export growth slowed. And a fall in business confidence in the latest surveys by the Ifo research institution signalled the second quarter will not be so vigorous. Ifo economist Klaus Wohlrabe said they 'expect stable growth in the coming quarters'.
He pointed out that future government decisions on things like retirement age and the minimum wage 'will have a medium term effect on the German economy, which means we'll have to wait till next year to see that those effects are'.
• GLOBAL INVESTORS SUSPICIOUS OF GCC COUNTRIES
A new report by The Economist Intelligence Unit has found that global investors are suspicious of putting their money into Gulf Cooperation Council countries, despite its member countries pursuing policies to attract investment and a rise in their global ease of doing business rankings.
Foreign investment has fallen in most of the six GCC states - Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates - since the global financial crisis in 2008-09, both in absolute terms and as a percentage of GDP. This is despite the introduction of policies to encourage foreign investment. 'The overall picture is one of uneven progress. On one level, investors are welcomed: the countries are open to foreign ownership and red tape on things like construction permits has been cut,' report editor Aviva Freudmann said.
• WSE & GIME FOR THE POLISH CAPITAL MARKET
Joint Project of WSE and Gdańsk Institute for Market Economics for the Polish Capital Market. 'The European Financial Congress Project for Sustainable Development of Poland's Capital Market' is a joint initiative of Warsaw Stock Exchange and the Gdańsk Institute for Market Economics.
A summary of the first initiatives undertaken in order to develop a growth strategy for Poland's capital market has been published on the website of Warsaw Stock Exchange. 'The European Financial Congress Project for Sustainable Development of Poland's Capital Market' is an initiative of Warsaw Stock Exchange and the Gdańsk Institute for Market Economics - Gdańsk Academy of Banking, the European Financial Congress Project Co-ordinator.
• CARL LARRY ON FAIR WEATHER FRIENDS: SAUDI - US RELATIONS
Before we get too far in this subject, I want all of the readers to understand that I see both sides to this argument and each has their own merits. The point I am making here is that in this modern era many things have changed quickly and too few were prepared for what has happened. Let's begin.
Recently we have seen some strong moves from Saudi Arabia. They first rejected a position on the UN Security Council and earlier this week they had some stern words for the US regarding our dealing with Syria and Iran. For the record, things have not been this terse between these two countries since 1973 and the oil embargo. In 1964 King Faisal warmed to the US and spare for that OPEC move on oil, the relations have been strong.
• THE ECONOMIC FORUM IN KRYNICA
The Economic Forum in Krynica, organized regularly since 1991, is a recognized event in Central and Eastern Europe. Its mission is to foster favourable climate for development of political and economic cooperation between the European Union and neighbouring states. Each year the Forum is visited by more than 2500 guests – political, economic and social leaders – and 500 journalists from nearly 60 countries in Europe, Asia and America. It is the biggest event of this type in Central and Eastern Europe.
The following personalities have announced their participation in the Forum: Jiri Cienciala, Minister, Ministry of Trade and Industry, Czech Republic; Janusz Piechocinski, Deputy Prime Minister of Poland;
• RUSSIA - TRADE WAR WITH BELARUS
In September, Russia will lower the supply of oil to Belarus by 400k ton, informed Mikhail Barkov, Vice President of the Russian Transneft. He justified this move with the need to replace the pipes at one of the segments of the Druzhba pipeline.
The representative of Transneft, the state concern managing all of the oil pipelines in the Russian Federation, did not provide a date when these works will be finished. In 2013, Russia has been supplying Belarusian refineries with 5.75
• EGYPT'S ENERGY CRISIS - CONSPIRACY THEORIES
It is one of the first concrete changes observed since Mohammed Morsi’s ousting: power outages and queues at petrol stations seem to have miraculously disappeared. Speculation as to why is running rampant.
Anour Said, a taxi driver in Cairo, can’t contain his elation. 'Ever since Mohammed Morsi left, there’s petrol at the service stations,' he said as his family piles into the car alongside him. 'Since that very minute, things have been going well!' Said’s wife nodded along as her husband continued: 'For a year, life was
• OIL AND EGYPT CRISIS
Oil giants BP and BG Group have withdrawn about 160 expat staff from Egypt as violent clashes erupt across the country.
BP said it had withdrawn about 60 expat staff, from a usual contingent of about 100 in the country. BG Group, which usually has about 150 expat staff and dependents in Egypt, said it had withdrawn about 100 people. Both companies said all their staff were safe and accounted for and that their operations in the country continued unaffected. Sources suggested other oil companies were likely
• NORD STREAM TO BUILD MORE PIPELINES
Monday’s open meeting in Visby marked the beginning of the Nord Stream consortium’s preparations toward receiving permission for the construction of the third and fourth Nord Stream pipelines. It is planned that the pipelines will be laid on the Baltic seabed by 2016.
‘The project’s scope, in its broadest assumptions, involves two lines, but it’s too early to say if it’s going to be one or two lines,’ said Nicklas Andersson, Project Manager for Sweden and Denmark, during the meeting in Visby on the Swedish
• TUSK AND VAN ROMPUY ON THE EU BUDGET
Prime Minister Donald Tusk announced after the Wednesday meeting with the European Council President Herman Van Rompuy that they are both moderate optimists regarding the European Parliament's approval of the new long-term EU budget for 2014 2020.
The issues involved with the EU budget for 2014-20, which EU leaders agreed on at the beginning of February, were one of the main topics of the Warsaw meeting between the head of the Polish government and the president of the European
• MAREK BELKA - POLAND AND THE EUROZONE
'Poland will consider joining the eurozone only when South European countries begin showing signs of economic growth' - said Marek Belka, President of the National Bank of Poland (NBP), during the Tuesday conference in Doha.
'We continue to say that joining the eurozone is our strategic goal. We are waiting for a time when South European countries start showing signs of renewed growth. At that time, it will present a good opportunity to reevaluate our attitude towards the Euro' - said Belka.
• RUSSIAN COMPANIES CHOOSE FOREIGN STOCK EXCHANGES
In the first half of the year, the half of the Russian stock trade was conducted on foreign markets, the strongest one was London.
The data comes from the NAUFOR (The National Association of Securities Market Participants). The information was gathered by Russian news service 'Wiadomosti'. Last year, the share of the foreign stock exchanges in the trade of the Russian securities was about 25%. During the first half of the year, it abruptly started growing to 45%. According to the report, until the end of the year, it will amount to 50%, generally, due to the sales of 7% of the block of share owned by Sbierbank.
• US ECONOMY TO ACCELERATE
The US economy expanded faster in the last quarter than in previous three months and faster than it had been forecasted. The main reason was the increase in consumers spending. Government spending was higher and there was a progress in flat construction industry. The GDP rose by 2% at an annual rate last quarter. Economists expected this increase to reach 1.8%, whereas for the second quarter it was 1,3%
The revival of flat business improved the financial situation of Americans, which may mean the maintaining of higher demand for luxurious goods like cars. In September the annual sales rate was 14.9 million, which has been the highest rate since March 2008.
• GEORGE SOROS - GERMANY'S LEADING ROLE IN THE EURO CRISIS
‘The European Union may be destroyed by the terrible crisis of the single currency,’ claims George Soros, a billionaire who demands that Germany should take responsibility for the saving of Euro. The only alternative for the country with the best economy in Europe is to leave the Euroland.
Soros argues that the crisis is pushing the European Union into permanent depression and at our own request to boot. In his opinion there is a great risk that the Euro will destroy the European Union. This outcome can be avoided if Germany will help not only itself, but also other indebted countries, according to Soros who became famous and gained his fortune by betting against the pound sterling twenty years ago.
• CARL LARRY'S OUTLOOK FOR OIL PRICES - WHAT LIES AHEAD
We have seen a recent drop in oil prices to confuse many analysts and economists after the US has kicked in their latest round of quantitative easing. We also saw Japan follow suit and are fully expecting a similar move from the ECB and eventually China. Common thought is that as the QE packages are put into motion, commodities such as oil and grains charge ahead and rally in anticipation of growth. This time around though, it seems smart money has been busy hedging their bets. Since the US started QE3 a week ago, oil prices have dropped nearly $10 in both the US WTI crude benchmark and the Global benchmark Brent. This has stirred many rumors about erroneous trades, SPR releases and most recently Saudis increasing their oil supply. All are great chances to talk about the impossible, but the truth is that we are simply seeing an adjustment to
• STRUCTURED PRODUCTS IN POLAND
Structured products are relatively new to the investors in Poland - the first of them made its debut at Warsaw Stock Exchange in 2006. Since then they have been slowly but surely working their way into the minds and portfolios of Polish investors. Although their path has been so far a winding and narrow one. The structured market in Poland was a young sapling when the world was suffering from the recession of 2008. Despite the difficulties, the sales were on the rise last year. A report by Structus.pl analysts sho ws a significant increase in all-round sales of these instruments in the first half of 2010
• KRAKOW - SERVICES MARKET IS THE FUTURE
One of the most beautiful and oldest cities of Poland, with more than a thousand years of history and numerous buildings of precious architectural design, Krakow is going through its best time in the service industry. Asset management, law and accounting specialists- these are among others the ones that the Brown Brothers Harriman corporation is looking for in Krakow. The number of companies offering specialist business services is growing here. Experts say such corporations will not disappear soon. Brown Brothers Harriman, an American company, moved to Krakow in March and started looking for new workers in a month.
• OIL PRICES AFFECTING EUROPE MORE THAN THE US
The world is presently sharing a limited supply of oil. When oil prices rise, oil production doesn't rise very much, if at all. The issues then become: Which buyers get the oil? What uses get priced out of the market? Which countries are disproportionately affected? It seems to me that this time around, Europe and in particular the Eurozone, is the area of the world getting hit the hardest by high oil prices. Part of this has to do with the relative level of the Euro and the US dollar. If we look at the price of Brent oil (a European oil) in Euros (Figure 2), we find that prices now are as high as now as they were in mid-2008.
• RUSSIAN RUSH FOR EUROPE
Each year, consumption of gas in Poland reaches 13 milliard cubic meters. Regardless of the fact that it isn't the main fossil fuel used in the industry, the demand for this source of energy increases. Although Poland has its own gas fields, most of it is imported from abroad, with Russia being the greatest shareholder in the business (41%). Until recently, Poland could remain calm - as a transit country there was always some gas flowing through the Polish territory, part of which was of course purchased. Being simultaneously a buyer and a reseller was the best imaginable position, but this situation is no longer to be perceived as certain.
• ECONOMIC RELATIONS BETWEEN POLAND AND BRAZIL
First economic agreements between Poland and Brazil were signed in the 1920s and in the 1930s (the most important was the agreement on custom tariffs of 1929). During the Communist period in Poland, Brazil, searching for a decent outlet, decided to sign a number of agreements and deals with our country, despite having cut diplomatic ties with the USSR. Year 1964 was marked in Brazil by the military coup d'état, which resulted in worsening of the political relations between two countries. Nonetheless, it did not affect anyhow the commerce, which even intensified during the 1970s and the 1980s, when the annual turnover amounted to 700 million USD.
• IMF - THE MOST FORGOTTEN OF THE MOST IMPORTANT
International Monetary Fund, one of the most important institutions to be ever founded by men, but somehow forgotten by most of them, has recently become one of the top priority topics for discussion of the European leaders. Although it was not the subject of Fund's operations that brought attention to its 'achievements', but rather a scandal, it is still worth giving it a closer look, especially when one of its strongest inner forces first begins to dream of its own version of the Fund then forgets about it and desperately tries to keep its power. IMF was established in 1944 within the scope of the United Nations' actions. Its main objective was to support other member states
• EUROPEAN ECONOMIC CONGRESS
The days from 16th to 18th of May are the time for economic reflections to be made by Europe. We are currently in the middle of the Congress which is held inPoland in the Silesia Province and one may see with a sheer glance at the agenda that there are many attention-requiring problems in the region. In the era of the Old Continent having its foundations shaken by crisis in Greece, the cradle of European culture and similar threats to be found in other countries it seems obvious that there's no more room for silence.
• PRICES TODAY FOR OIL TOMORROW
There has been a major shift in oil and oil prices this year. We have seen the revolution in the Middle East play a heavy hand in the direction of oil. The fear of physical disruptions has put pressure on all oil producing countries to step up to maintain a steady supply to feed the world. Unfortunately, most of the countries within OPEC are in the midst of this revolutionary contagion. At risk is some 20M b/d of oil produced from OPEC within the Middle East (Saudi Arabia, Kuwait, Iran, Iraq, Qatar and UAE). This group excludes the African members (Nigeria and Algeria), but those should be considered with caution also. Political instability remains one of the biggest issues of this ever changing world.
• WHAT WILL 2011 BRING IN THE ECONOMY
US Congress blocks Bernanke's QE3
At the turn of the second half of 2011, Fed is put under pressure for allowing the US housing debacle and resulting bank bailout and public debt catastrophe. And the greatest banks are back in deep trouble as their troubled mortgage portfolios once again threaten their solvency. The Fed's Bernanke rallies the FOMC to indicate a strong new expansion of monetary policy to once more bail out the troubled banks and/or local governments. With favorable political and popular winds blowing, however, a Ron Paul-led challenge of the Fed's authority sees the Congress blocking the Fed's authority to expand its balance sheet, and sets up an eventual challenge of the Fed's dual employment/inflation mandate.
 
Global views
• EU MINISTERS RE BRUSSELS ATTACK
EU interior and justice ministers held a crisis meeting in Brussels on Thursday to establish a joint response following the deadly terror attacks in Brussels. Tuesday's blasts left more than thirty people dead and hundreds more injured. One of the blasts took place just two hundred metres from the European Commission.
• MILITARY POLITICS IN INDONESIA
This past spring, a former cabinet minister had an extraordinary meeting with the inexperienced first-term President of Indonesia, Joko 'Jokowi' Widodo. Upon his arrival at the President's office, the visitor quickly dispensed with any niceties and delivered a candid message bordering on insubordination to the head of state.
• SAUDI ARABIA’S OIL WAR VS IRAN AND RUSSIA
Here we go; oil fell through the price floor of $60 a barrel and gas at my local filling station was $2.26 a gallon. That’s great news for commuters and almost every business, but wonderfully bad news for our ugliest enemies.
• GENEVA II AND SYRIA TALKS
Some movement on humanitarian front but now it is time for politics. Delegates are bracing themselves for a tough day of talks in Geneva when it is hoped Syrian government and opposition negotiators will get down to discussing the country's political
• CHINA TALKS ON ECONOMIC REFORM
Chinese leaders began a four-day meeting in Beijing Saturday to set an agenda of economic reforms over the next ten years, with finding a more sustainable growth model for the world's second-largest economy likely to be a top priority.
• STABILIZATION OF CHINA EXPORTS
China's exports rose more than expected in August, boosted by improving demand for the country's goods in major markets and adding to evidence that the world's second-largest economy
• G-8: FREE EU-USA TRADE AMBITIOUSLY
'Such a prize happens once a generation and we are determined to get it' - said British Prime Minister Cameron after the decision about the commencement of negotiations
• VISIBLE RECOVERY IN EUROPE
The mood indicators are at their highest level for over a year. On Monday, the latest and, what is important, growing PMI index values have been published regarding several
• GLOBAL CRISIS MANAGEMENT - A BIG LESSON
Henry Kissinger in the discussion with Klaus Schwab, the founder of the World Economic Forum - one of the most interesting talks during this year's forum in Davos.
• RUSSIANS TAKE OVER THE U.S POWERHOUSE IN TURKEY
By the end of December, the Russian energy group called InterRAO is due to intercept the Trakija power station in Turkey for 100 ml dollars from the of U.S. company AEI which has paid for it over four times more.
• MARC FABER ON SHORT-SIGHTED POLICIES
The Greek issue is no market-determining. It has been priced in, because this thing has been going on for so long. It isn't a major player in the markets of today. The stock market has rallied quite a bit recently, and we are 100% up from the lows of 2009.
• EUROZONE - ONE FOR ALL, ALL FOR ONE
The European Financial Stability Facility provided another loan installment of 4,2 billion euros to Greece. The next billion will be provided 'if need be'. It is a sign that eurozone politicians do not accept some inconvenient facts and throw the tax payers'
• NORWAY + RUSSIA = OIL
On Saturday, the Norwegian oil concern Statoil and the Russian Rosnieft formed an alliance toward the exploitation of oil and natural gas in Arctic and oil from Russian shale. The Russian PM, Vladimir Putin, who is taking the office as president on Monday
• JAPAN VS. NATURE
A week ago a tragedy happened. A 9.0 magnitude earthquake occurred 130 kilometers off the coast of the Japanese island of Honshu, also causing a powerful tsunami that over the last seven days affected much of the Pacific Rim region. The aftermath
• DAVOS A MAGIC MOUNTAIN
For years Davos is considered as a special place. Thomas Mann who wrote The Magic Mountain decided to put there the action of his novel which is one of the most influential works of 20th century world literature. Currently, this Swiss resort is a world center

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