Business News
Friday 26. November 2010

ARCTIC PAPER S.A. AFTER 3 QUARTERS 2010: GROWTH IN SALES REVENUE PER TONNE, HOWEVER RESULTS AFFTECTED BY UNFAVOURABLE CHANGES IN RAW MATERIALS PRICES AND EXCHANGE RATES

Arctic Paper S.A., the second-largest European producer of high-bulk book paper, by production volume, and one of Europe’s leading producers of high-quality graphic paper, after 3 quarters of 2010 earned revenues of PLN 1.6 billion, up 22.8% on the similar period in 2009. The Company recorded a net loss of nearly PLN 6.2 million after 3 quarters, which has been due to very high prices of pulp during the period and foreign exchange rates adversely affecting the Company when compared with the similar period in the previous year.

Friday 26. November 2010

Bertelsmann appoints Werner Eggert as Director of the International Academy of Journalism

Werner Eggert (49), a journalist and lecturer, has been appointed Director of the “International Academy of Journalism”. The international media company Bertelsmann had founded the journalism academy in September on the occasion of its 175th anniversary. It will work to spread and strengthen press freedom by fostering the professional skills and networking among dedicated journalists worldwide. The Academy will take up its work in the second half of 2011, when the first round of Fellows is enrolled.

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