In Brief: Capital gains tax delay; Prokom; Bank Austria Creditanstalt; PHS

Thanks to Wednesday's negotiations between financial institutions and the Finance Ministry, the introduction of capital gain tax on the stock exchange has been put back to the beginning of 2005. (Parkiet, p. 3) ... Prokom will most likely consolidate the results of its recent acquisition of Czech-based PVT, into its own results in the first quarter of 2004. The delay is due to the fact that there are problems with dividing PVT's assets and its weak financial condition. (Parkiet, p. 5) ... It is very likely that on Tuesday the Securities and Stock Exchange Commission will analyze the issue pr ospectus of Bank Austria Creditanstalt. This means that it could be allowed to be publicly traded on the same day. (Parkiet, p. 4) ... Representatives of LNM have asked the Treasury Minister for another two weeks to conclude negotiations with trade unions in Polish Steel Mills (PHS). According to sources, the Ministry is unlikely to oppose the request, but it may offer a shorter period. (Rzeczpospolita, p. B5) M.M.