In Brief: Cheap brands win out; BACA; ZUS; Forex reserves at $33.78 billion

Almost 40% of the public look for the cheapest food products while shopping, half of them say price is the most important factor which determines what they buy in terms of clothing and chemical products. The easiest way to attract customers' attention is via a price promotion and due to this there is a growing share of private label brands (PLB) in the turnover of the largest retail networks. (Rzeczpospolita, p. B3) ... On Friday the Warsaw Stock Exchange announced that BACA will not become a part of the WIG20 index. Some investors was surprised by this decision. (Parkiet, p. 1) ... The president of Social Insurance Fund (ZUS), Aleksandra Wiktorow, announced that by the end of the year ZUS would transfer zł. 10.5 billion to the accounts of pension funds. (Parkiet, p. 1) ... The National Bank of Poland announced that its forex reserves grew by $880.4 million in October to top $33.78 billion. (Parkiet, p. 1) M.M.