ABG Ster-Projekt sets its sights on IACS Balkans tender

Each of the projects is worth tens of millions of euro. "We have gained wide experience during the building of the IACS system in Poland. Now we would like to use our skills in Rumania and Bulgaria," declared the company's president Dariusz Brzeski. "In both cases we will submit our offer in a consortium with a local partner," he added. If ABG Ster-Projekt wins the tenders, it will have to complete the projects by 2007 when Bulgaria and Rumania are scheduled to join the EU. The company currently has a portfolio of orders worth zł.232 million and expects to sign contracts for another zł.210 million by the end of December. The forecast for this year envisages a net profit of zł.25.7 million and revenues of over zł.302 million. The company plans to increase its profit by 10-20% a year and pay out around 20% of its net profit in dividends. (Parkiet, p. 7; Puls Biznesu, p. 12) E.B.