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THE FOUNDATION FOR CORPORATE SOCIAL RESPONSIBILITY IS A NETWORK OF INTERNATIONAL CORPORATIONS ACTIVELY WORKING IN POLAND TO AFFECT POSITIVE SOCIAL CHANGE THROUGH CORPORATE PHILANTHROPY. WE FEED, EDUCATE AND EMPOWER POOR CHILDREN IN POLAND. COLLECTIVELY, WE HAVE FED OVER 7 MILLION HOT MEALS TO SOME OF POLAND’S MOST NEEDY CHILDREN. OUR MISSION IS TO LEAD THE BUSINESS COMMUNITY IN RAISING THE LEVEL AND QUALITY OF CORPORATE SOCIAL RESPONSIBILITY.

October 20, 2014, Vol. 11, No.33

"Don't wait for extraordinary opportunities. Seize common occasions and make them great."
-- Orison Swett Marden

CHRISTMAS IN OCTOBER??

That's what it seemed like last week in the PromiseLand, as two trucks pulled up to our kitchen in Swidwin….

First to arrive was the Fanex delivery truck carrying three Euro pallets of delicious Fanex products such as tomato concentrate, ketchup, garlic and Mexican sauces, mayonnaise, jellies, and of course, always a favorite of our kids - chocolate sauce!

Thank you Piotr Kubiczek, General Manager of Fanex for your generosity and Bozena Sajnog Key, Fanex Account Manager for organizing the delivery!

Fanex, a long time member of our Foundation, is a private company with Polish capital. Since 1988 it has produced products meeting the needs and requirements of a well known and recognizable distribution network of retail supermarkets and restaurant chains throughout Poland. Production is conducted using the best western equipment, in impressive aseptic production facilities. Fanex uses natural raw materials of the highest quality in all of its products. See more at their website http//fanex.pl/en/

Next to arrive were two Euro pallets of personal care and cleaning supplies from member company Colgate-Palmolive. C-P always remembers our PromiseKids, especially at the beginning of each new school year. And the kids always look forward to receiving a fresh supply of toothbrushes, toothpaste, liquid soaps and detergents. How can we thank you enough Wojciech Krol, CEO of Colgate-Palmolive!

All products were unpacked and distributed to each of our 10 PromiseLand schools and to all our PromiseKids and their families.

We thought you'd like to meet some of those families and get a better understanding of just how important receiving these products are to them….

Seven members of the Gasparowicz family live in one small house in the tiny village of Klepczewo: Zofia, a single Mom, Agata (17), Wojtek (19), Malgorzata (13), Alicja (23) and her one year old son, and Grzegorz (14). Gregorz and Malgorzata attend the Lekowo School, so they've been under the FCSR wings for a long time. Grzegorz even performed once in Warsaw at our Annual FCSR Dinner Dance!

In addition to being a busy, loving household, the family has its struggles as well. Nineteen year old Wojtek suffers from an eye disorder - glaucoma - which prevents him from working and going to school. Grzegorz also has poor eyesight and Zofia is a diabetic. Unfortunately, the family has very limited resources to deal with these problems.

They were so happy and thankful when Meg and Basia delivered some of the Fanex and Colgate-Palmolive supplies to them.

Anna Lakomiec, mother of four of our PromiseKids from the Bierzwnica School, is a very creative and resourceful woman. After receiving a box of Fanex products, she baked her family a delicious mayonnaise cake! Although she has little money, she invited Meg and Basia to join her for some cake and tea. How could they refuse such a kind invitation?

Anna's husband has temporary work and she raises their children: Dawid (17), Patryk (10),Sandra (8), and Natalka (6). We were happy, that thanks to our member companies, we could help them by providing these daily products.

Agnieszka Kardas warmly welcomed Meg and Basia into her home. She was delighted to receive much needed support from the Foundation.

Together, with her partner and four children, Dominik (14), Jarek (13), Izabela (10) and Kacper (5), she lives in a very small house (one room, a kitchen and a tiny bathroom). The children attend the Lekowo School and we have known the family for many years.

Agnieszka is currently unemployed and like so many men in the village, the father of the family can only find temporary work. Not only do they struggle with lack of employment, but the youngest child, Kacper, is suffering from heart disease.

Needless to say, they were very grateful for the products they received from Fanex and Colgate-Palmolive.

These stories are just a small glimpse of what our PromiseKids and their families deal with everyday. Toothbrushes and mayonnaise may seem like small things to us, but they sure mean a lot to our kids!

SALARIES UP BY 3.4% IN SEPTEMBER

The average monthly salary in the Polish enterprise sector amounted to PLN 3,900.49 in September 2014, according to data published by the Central Statistical Office (GUS) on Thursday. The figure was 3.4 percent higher than in September 2013 and 0.2 percent higher than in August 2014.Employment in Polish enterprises remained unchanged month-on-month and stood at 5,537,300 in September. In year-on-year terms it inched up by 0.8 percent. Economists surveyed by the Polish Press Agency had expected the average salary to grow by 3.5 percent y/y and by 0.3 percent m/m. They also expected employment to grow by 0.8 percent y/y and remain unchanged in monthly terms.

ZEW EXPECTATIONS FOR POLAND UP IN OCTOBER

The economic expectations index for Poland, calculated by the ZEW Center for European Economic Research in Mannheim and Erste Bank, grew by 19.7 points month-on-month to 13.3 points in October, according to data quoted by ISBnews.The assessment of the current economic situation rose by 10.0 points to 26.7 points. Poland recorded the highest growth of the indicators out of countries in the region, the statement said.The expectations index for the whole CEE region, including Turkey, grew by 3.7 points to 7.0 points in October. The assessment of the economic situation in the region grew by 9.7 points to 9.7 points.

POLAND WILL VETO 40% CO2 REDUCTION

If the EU summit next week maintains the European Commissions proposal on reducing carbon dioxide emissions by 40 percent by 2030, Poland will have to veto it, Deputy Prime Minister and Economy Minister Janusz Piechociński told Polish Radio on Thursday. "If this initial proposal will look as it does now, then Poland will have no choice but to veto it," Piechociński said.For the Polish economy minister and the majority of EU economy ministers the 40-percent option, which destroys half of Europe's industry, is unacceptable, he added.EU leaders will meet in Brussels on October 23-24 for a climate summit that is supposed to set a new goal for reducing CO2 emission. The European Commission has proposed a 40-percent reduction by 2020 and a simultaneous growth of the share of renewable energy to 27 percent.

POLES EMIGRATING DUE TO LOW MORALE

Six out of ten Poles list better wages as the primary motivation for emigrating out of Poland. The same amount also say that Poland "exhausts and disillusions" them, wrote Rzeczpospolita. "It's too bad that two-thirds of Poles emigrating have such a gloomy opinion of our country," said Łukasz Kuncewicz the manager of Poloniusz.pl. According to a survey conducted by Poloniusz.pl, 34 percent of Poles surveyed had trouble finding a job in Poland. The website has been around since 2008 and helps Poles search for jobs in other countries. The survey study included the opinions of 1159 people. Three out of ten Poles list positive motivators such as getting to know a new culture and language as the primary reason for going abroad.

BANKING SECTOR WITH RECORD PROFITS

The banking sector has reached profits of PLN 11.7 billion eight months into the year. This is a 10 percent growth rate year-on-year. Banks are showing record-breaking profits at the moment, according to Rzeczpospolita. The economy is also breaking records in consumer credit amounts. July 1 saw the lowering of the credit card interchange fee which may lower end-of-the-year results. Furthermore, the lowering of interest rates may also hamper banking sector profits. Piotr Czarnecki, CEO of Raiffeisen Bank Polska predicts that the results for 2014 will be only slightly better than the previous years figures. Paweł Borys, Managing Director at PKO BP said, "The rate of growth of deposits and credits should be at 6-7 percent in Poland. Our banking sector is one of the most stable in Europe." PwC consultant, Piotr Romanowski also noted that Polish banks will cut costs in the near future by closing many branch locations and relying more and more on internet banking.

HERE IS HOW YOU CAN HELP OUR PROMISEKIDS

Our Dollar a Day program may be just what you have been looking for and the PayPal method of delivering your money makes it so easy. We pay just about $1.00 to feed one hungry Polish child a hot-meal per school day, $20.00 per month, $200.00 per year. Click PayPal below to contribute.

DATES TO REMEMBER

July - August, 2014 - Sports camp for promiskieds sponsored by Ghelamco.

THOUGHT FOR THE WEEK

"Become who you are. It happens once in a lifetime."

-- Switchfoot

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