Locked content Sejm lowers investment law hurdle

The lower house of Parliament on Friday approved the foreign investment law, eliminating licensing requirements for certain joint ventures. The law will apply to law firms, real estate offices and wholesale imported-consumer goods companies under foreign ownership.

Locked content Capital Markets

The Polish unit of HSBC investment sees no immediate reason to allow the government to sell its holding in Bank Gdanski. Following the privatization of Gdanski last year, the state still holds a 39% stake in it, part of which is sought by another listed bank, Bank Inicjatyw Gospodarczych (BIG).

Locked content Reuters Week

Poland has canceled a tender for a 75% stake in its only newsstand chain Ruch SA and said it would first sell only a minority stake in the firm with an option to extend it if investment promises were fulfilled.

Locked content Sejm lowers investment law hurdle

The lower house of Parliament on Friday approved the foreign investment law, eliminating licensing requirements for certain joint ventures. The law will apply to law firms, real estate offices and wholesale imported-consumer goods companies under foreign ownership.

Locked content Standard & Poor’s reviews Polish sovereign risk rating

An annual review of Poland’s sovereign risk rating by Standard & Poor’s has many hoping for a ratings upgrade in the near future. A team from the agency finished a week-long visit to Poland on Friday and is expected to issue an opinion on the country within a few weeks.

Locked content Company Notes

Trading and industrial conglomerate Elektrim SA will receive a loan of up to $72.5 million from Citibank NA to finance the launch of Elektrim’s cellular telephone venture. Elektrim said in a statement the loan would be used to pay for its stake in Polska Telefonia Cyfrowa SA (PTC), one of two ...

Locked content For the Record

British trailer operator Roehlig & Co said it was upgrading its freight transport services from the U.K. to Poland, the Baltic States and the former Soviet Union. A fourth weekly trailer departure is planned for Poland, and the company said that in the longer term, it intends to run a daily ser...

Locked content Business Notes

Motorola Inc. multimedia group may set up Polish centers to manufacture components for the electronic industry, Industry Minister Klemens Scierski said.