CEOL
Press Digest

Poland


WARSAW, Feb 5, 2000 -- (Reuters) Here are highlights from Polish newspapers on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

RZECZPOSPOLITA

- European Investment Bank, a consortium of several Poland's and western banks, Poland's government and Autostrada Wielkopolska SA will sign an agreement in June to finance construction of the 626 kilometer long A2 motorway from Poland's western to eastern border.

- National Express Group, Arriva and Vivendi want to participate in privatisation of the state-owned road transport enterprise Panstwowe Przedsiebiorstwa Komunikacji Samochodowej (PPKS) in Olsztyn, Lublin, Leszno, Ostrow Wielkopolski and Torun.

- Refinery Rafineria Gdanska SA will increase for the third time this year its gasoline and engine oil prices by respectively 60 and 50 zlotys per tonne.

- Local telephone operator Szeptel plans to invest $100 million in Internet over the next two years.

- Insurance firm Powszechny Zaklad Ubezpieczen SA (PZU SA) may earn Zl 100 million through a take-over of BIG Bank Gdanski SA by Deutsche Bank, PZU SA's suspended chief executive Wladyslaw Jamrozy said.

GAZETA WYBORCZA

- The U.S.-based Citibank has exclusive rights until February 10 to negotiate a 30 percent stake in Bank Handlowy SA from insurer Powszechny Zaklad Ubezpieczen SA, PZU SA's suspended chief executive Wladyslaw Jamrozy said.

PRAWO I GOSPODARKA

- Computer firm Optimus SA plants to find another two media and branch partners for its subsidiary Optimus Pascal, owner of Internet portal Onet.

- Life insurer TU na Zycie Nationale Nederlanden collected 615 million zlotys worth of premiums in 1999.

PARKIET

- CA IB representatives denied the bank holds about 20 percent stake in PIA Piasecki and denied allegedly buying up shares on behalf of Exbud.

PULS BIZNESU

- Regional airports managing firms want to invest at least 300 million zlotys in 2000 as a result of prospective liquidation of state-owned airports enterprise Przedsiebiorstwo Panstwowe Porty Lotnicze.




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