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In Brief: Złoty gains; Budget deficit on track; Corporate governance; Job creation

The Euro cost 4.3480 to the złoty, while the USD 3.5480. However analysts believe this is not a long-term trend. (Puls Biznesu, pp. 1, 13) ... The Finance Ministry announced that at the end of August the budget deficit amounted to zł.45.3 billion which is 57% of the total amount planned for the year. This confirms the previous opinions of Finance Minister Mirosław Gronicki that the deficit would be lowered by zł.1-2 billion with regard to the budget plan. (Puls Biznesu, p. 10) ... Wiesław Rozłucki, president of the Warsaw Stock Exchange, on Wednesday announced that the number of companies that declared their will to abide with the at least one rule of corporate governance increased from 184 to 203. (Parkiet, p. 7) ... The national plan to increase employment, which will be accepted by the government next week, envisages creating roughly 500,000 new jobs in 2005. The budget will designate at least zł.1.5 billion for this purpose. (Parkiet, p. 8) M.M.

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