European Investment Fund looks over MCI ahead of joint venture

The audit is a preliminary phase of plans to establish a joint venture. The two companies plan to form a fund that will concentrate its efforts in the Central and Eastern European region. Other investors will also be welcome to offer financial support for the undertaking. According to current plans, the new fund is to have at disposal a sum of EUR 30 million. "As negotiations go further we are discussing larger funds. We started off with EUR 10 million," said Tomasz Czechowicz, MCI president. He went on to add that the letter of intent will be signed shortly, however, the first investments are expected some time next year. (Puls Biznesu, pp. 1, 10) A.K.