In brief: Bongrain acquires; PHARE; Fasta & ZUS; Hyundai promotion.

French dairy group Bongrain, the second largest cottage cheese producer on the Polish market, is negotiating acquisition of two more Polish dairies. After the purchase it will overtake its chief rival, Hochland. (Puls Biznesu, pp. 1,8)...Treasury Ministry is now applying for funds from EU program PHARE 2001, which would enable it to privatize 80 municipal companies next year. The money would be also spent on pre-privatization training for approximately 210 small- and medium sized companies (Puls Biznesu, p. 4)... Social Insurance Company (ZUS) has frozen the bank account of Fasta Holding textile producer. Fasta's debt in unpaid ZUS premiums has reached zl. 20 million (Puls Biznesu, p. 5) ... Korean car manufacturer Hyundai is conducting analysis for launching production in Poland. The company is planning to spend $4 million on brand promotion this year alone and will also expand its distribution network by 9 dealerships before the first half of 2001. (Puls Biznesu, p. 3)