In Brief 2: Orbis 2003 projections; ITI floatation; Mostostal Invest

Hotel network operator Orbis, has confirmed that its financial target for this year is to double its net profit to around zł. 60 million, compared to zł. 30.9 million in 2002. According to company president Maciej Gerlowski, Accor can still finalize the purchase of a 6% share in Orbis from the State Treasury and BGŻ this year. (Parkiet, p. 5) ... Paweł Kosmala, the corporate director of ITI, has announced that the company is considering floating the whole holding on the Warsaw Stock Exchange, or at least its TV-related assets. The date of the potential floatation was not revealed. (Parkiet, p. 5) ... Yesterday a court rejected a motion to declare Mostostal Invest bankrupt. The company has no problems with servicing its liabilities. (Parkiet, p. 5) A.K.