News

On the weekend of October 21-25, water experts and software programmers at eight different locations around the world will get together for an intensive marathon of brainstorming and programming, to try and bring creative IT solutions to the developing world’s urgent water problems. Tel Aviv joins seven other locations taking part [...]

On Sunday, Polish oil and gas giant PGNiG announced that it had managed to pump gas from the company’s first shale gas well in Lubocin, the Pomerania region. The first successful extraction was made a couple of days earlier, however, the company decided to wait with the official announcement until Prime Minister Donald Tusk’s Sunday [...]

Economists from Credit Suisse have forecast a surprisingly high 2012 economic growth level in Poland, one that many Polish analysts find too optimistic. Although few raised eyebrows when Credit Suisse maintained its 2011 forecast at 4%, many were surprised it predicted the same level of growth for 2012. “This is excessive optimism,” said Maja Goettig, [...]

WARSAW — Encana, the Canadian shale gas giant, has reached an agreement with Polish oil group PKN Orlen for part of its shale gas exploration licences in southeastern Poland, a report said on Monday.
Under the deal, state-controlled PKN Orlen will obtain a stake in Encana’s shale gas drilling sites in the United States, Polish daily [...]

Israel climbed 2 ranks from the previous Global Competitiveness Report of 2010-2011, from 24th to 22nd.
Read the full article here:
http://www.financeisrael.mof.gov.il/FinanceIsrael/Pages/En/News/20110907.aspx

This came after significant advances in 2009-2010. The country’s point score, 4.46, was down from 4.51 a year earlier (Switzerland, the winner, received 5.74 points).
As in the previous edition, only two countries from the Central and Eastern Europe region were ranked higher than Poland: Estonia, which retained the 33rd place with 4.62 points, and the [...]