In Brief: BRE Bank sells Elektrim; Kompania Węglowa; Betacom; EU Commission

BRE Bank has confirmed the sale of a 5.5% stake in Elektrim to Polsat Media and TCF, which at the beginning of July 2003, acquired a 9.81% stake also in Elektrim. (www.onet.pl)... Economy Minister Jerzy Hausner said on Monday that the capital of Kompania Węglowa (KW) had been already increased. "There won't be any problems with KW and its capitalization process has been concluded" he said. In September, the government decided to increase KW's capital by zł. 400 million, coming from publicly traded companies. (Plus Biznesu p. 6)... Warsaw-based IT company Betacom intends listing its shares on the Bourse. Revenues of over ten million zlotys generated from the sale of shares is envisaged to support Betacom's expansion and future takeovers. (www.onet.pl) A.Z. ... Yesterday, the European Commission authorized a list of 56 serious projects from the transport, energy modern technology and scientific studies sectors. Only two projects include investments in Poland: the modernization of railway lines connecting Gdańsk-Warsaw-Brno-Viena and the so called Rail Baltica. (Gazeta Wyborcza, p. 3) A.Z