Eureko plays carrot and stick with the Treasury Ministry

The company wants to buy a further stake in the Polish insurer, this time of 21% for only zł.2.1 billion, which is more or less as much as Eureko paid for its 20% stake in the Polish firm in November 1999. Apart from that, the Dutch company is demanding zł.6 billion (about EUR 1.5 billion) in compensation for the delay in implementing the agreement signed April 3, 2001. The value of the compensation is much higher than the previous estimates, which amounted to several hundred thousand Euro. "We are prepared to compromise on this figure. We would like both parties to appoint independent analysts to estimate the value of the compensation," said Eureko's deputy president Ernst Jansen. Treasury Minister Andrzej Mikosz did not want to comment on the issue until he receives Eureko's demands in writing. (Parkiet, p. 1; Puls Biznesu, pp. 1, 6) A.F.