In Brief: Computerland shares; Warsaw reality; Beiersdorf-Lechia

Computerland shares fell by 5.2% on Monday after the firm was excluded from a lucrative tender to provide PKO BP with a new IT system. (Reuters) ... Warsaw is the 22nd most expensive investment location for industry in the world, according to a ranking by Cushman & Wakefield Healey & Baker. The price of a square meter of storage space last year was euro 69. (www.o net.pl) ... Cosmetics producer Beiersdorf-Lechia intends to construct an office building in Poznan a cost of zl. 24.36 million. The investment will be entirely financed from the company's own resources. (Puls Biznesu, p. 6) A.Z. Statistically the construction sector is improving, but few companies feel it Business conditions in the construction sector improved in the fourth quarter of 2002, said the Economic Growth Institute at the Warsaw School of Economics (IRG). According to the Institute's recent report, the business conditions indicator grew in Q4 to -35.2 points, that is 3% up on the respective period of 2001. "The results confirm a positive tendency in the construction sector we noticed some time ago," IRG wrote in its report. The situation in the public and private construction sectors seems to be pretty similar with the Q4 indicator for private business at 35.8 points and public one -34.4 points. However, construction companies are reporting shrinking construction orders, both at home and abroad, and say that in comparison to other 2002 months, in the last four months did not witness any real change mainly due to bad regulations and tough competition. (Puls Biznesu, p. 6) J.K.