In Brief: BIG-Bank Gdanski; too many banks; Hyundai plans
During a "Banking and Finances in Europe" conference yesterday, Jaroslaw Stypa of the Ministry of Finance said there are too many banks on the Polish market and sooner or later there would be only 10 banks with Polish capital. He added that Polish banks must find ways to develop in Eastern Europe. (Prawo i Gospodarka, page 9)...Hyundai Corp. is not only interested in Poland's automobile sector, said Yong Wai Hwang, head of Hyundai Europe, yesterday. The executive was visiting Poland, where he met with representatives of the Gdynia Shipyard and Gdansk Refinery. He also restated his company's readiness to invest $1 billion in the automobile sector. (Rzeczpospolita, page 13)