Arms offset deal with Rafael that almost ended with a bang

"We want Rafael to suggest another project. We have to avoid projects which are in someway unclear, and this is the case with the gas tankers," said Wojciech Kade from the Economy Ministry. The execution of $440 million offset program of Rafael is facing problems due to Swiss Beldor Business Corporation (BBC), which is supervising the execution of indirect offset obligations. BBC was responsible for the shipyard-related project, which was postponed from 2004 to last year, but still it ended without success. The Polish Shipyards Corporation (PS) ordered a business information center to investigate the reliability of the mysterious company. As a result it turned out that neither BBC nor its owners are trustworthy. "We will now give Rafael time to prepare new projects, such as the Ericsson project, which is related to the transfer of modern technologies," explained Kade. (Puls Biznesu, pp. 1, 4) M.M.