In Brief: BGZ, Wolczanka; Huta Labedy; Atlantic

Bank Gospodarki Zywnosciowej (BGZ) has demanded repayment of a loan from clothes producer Wolczanka which was granted by WLC Inwest, a company owned by BGZ, and currently stands at zl. 20.6 million including interest. Wolczanka admitted it does not have the necessary funds, and has therefore started negotiations to repay the loan in installments. (Gazeta Wyborcza, p. 5) ... Polish negotiators have not agreed to the terms proposed by the EU to cut the production capacity of Huta Labedy steel mill by 160,000 tonnes a year, which would practically mean closing down the company. In return, Poland will agree to cut the production capabilities of the Lucchini mill by 180,000 tonnes a year from the current 980,000 tonnes. (Puls Biznesu, p. 5) ... One of the country's largest lingerie producers, Warsaw-based Atlantic, announced plans to open ten new shops in commercial centers and around 160 franchised outlets this year. Wojciech Morawski, the head of Atlantic, announced that he is considering a public listing of the company some time in the next two years. (Rzeczpospolita, p. B3) A.K.