CSS gets a zł.40 million windfall from EU subsidies

The subsidies are paid out by the Polish Agency for Enterprise Development (PARP). "The funds will be earmarked for the financing of the courses conducted by CSS," said Rafał Jagniewski, a member of the CSS board. "Due to this support we will be able to considerably lower prices and widen our training offer. It should translate into a significant growth in sales," said Jagniewski. However, he added that revenues from courses financed from this year's subsidies would not be high. "The revenues from that source were not included in our forecast for 2005," he said. The plan for this year envisages a 24% growth of the company's net profit to zł.6.5 million and a 22% increase in its revenues to zł.162.6 million. (Parkiet, p. 6) E.B.