In Brief: BES sells stake in Kredyt Bank; NSS plans ahead; PNGiK

BES Pension Fund sold its 14.7 million shares in Kredyt Bank, which amount to 9.93% of the bank's shares, yesterday. The most probable buyer of the stake was Belgium's KBC. (Rzeczpospolita, p. B5) ... The head of the New Szczecin Shipyard (NSS), Andrzej Stachura, announced yesterday that the company will begin signing its own contracts for construction of new ships in 2004. The planned workforce will then reach 5,000. Currently the company employs 4,500 workers and produces ships for its creditors. (Rzeczpospolita, p. B1) ... Polish Oil and Gas (PGNiG) subsidiary Poszukiwania Nafty i Gazu Krakow (PNiGK) has signed a contract concerning exploratory drillings in Russia. The countersignatory to the agreement is Kaliningradnieft. The value of the contract was not disclosed. The works are scheduled to begin in late September and to last five months. (Puls Biznesu, p. 7) A.K.