In Brief: Daewoo-FSO; Kompania Węglowa; BZ WBK; Sun Microsystems
It is still unclear whether all Polish banks - creditors of Polish-Korean car maker Daewoo-FSO, will lease the machines necessary to continue pr oduction in Żerań, to British concern MG Rover. Nick Stephenson from the British concern announced that next week the firm's representatives will come to Poland to carry on with the next step of the negotiations. (Puls Biznesu, p. 4)...Treasury Minister, Piotr Czyżewski, has denied rumors that the share capital of Kompania Węglowa may be increased by Treasury-owned shares in Pekao. The rumor caused a spectacular decrease in the bank's share price yesterday. (Puls Biznesu, p. 6)...The management of BZ WBK has decided to lay off 980 employees. Thanks to the decision, the bank will be able to save zł. 50 million annually. (Parkiet, p. 3)... The revenues of Sun Microsystems Poland grew in the fiscal year 2002/2003 by over 20%. "This year, the company expects the figure to be at least 10%," said Sun's CEO, Piotr Wierzbicki. Sales generated by the domestic branch grew to $53 million in the respective period, compared to $444 million in the preceding year. However, the company would not reveal its net profit figures. "We are one of the most profitable companies on the Polish IT market", boasted the CEO. (Parkiet p. 4) A.Z.
