Locked content Nowy Swiat done; two projects to start

With the renovation of Nowy Swiat completed, improvement plans for Warsaw’s Center are now moving on to other projects.The municipal council for Warsaw’s centrum district recently approved two major road projects: upgrades of the Siekierki and Ćwietokrzyska routes.

Locked content Privatization Notes

The Industry Ministry wants to transform the state-owned Huta Sendzimira steel mill into a joint stock company this year and sell up to 49% to a strategic investor.

Locked content Business Notes

Netherland’s Philips Lighting Holding BV signed an agreement to pay $9.96 million for a 60% stake in the lightbulb producer Pabianicka Fabryka Zar-wek Polam Pabianice SA.

Locked content BSE charges past dozing fund managers

The rally at the Budapest Stock Exchange (BSE), the world’s second-best performer this year, has made Hungary proud. But it’s been an embarrassing period for many investment fund managers.

Locked content Business Notes

Netherland’s Philips Lighting Holding BV signed an agreement to pay $9.96 million for a 60% stake in the lightbulb producer Pabianicka Fabryka Zar-wek Polam Pabianice SA.

Locked content SHOOTING FOR GOLD Sponsors look to cash in on Olympics

Pawel Szymczak, an 18-year-old archer from Bydgoszcz, will be shooting for Olympic medals next month in Atlanta, U.S.A.If he is successful in this quest, it will not only be a victory for Poland, but also for the 14 private firms which are sponsoring this year’s team.

Locked content Privatization Notes

A group of U.S. investors from California, called World Health Network, are close to buying a controlling stake in the ailing Polish Hestja insurance firm, but they also want the Polish Insurance Guarantee Fund to take part in the venture by giving it a $3 million loan with an annual interest of 1%.

Locked content Privatization Notes

A group of U.S. investors from California, called World Health Network, are close to buying a controlling stake in the ailing Polish Hestja insurance firm, but they also want the Polish Insurance Guarantee Fund to take part in the venture by giving it a $3 million loan with an annual interest of 1%.