In Brief: Daewoo-FSO Production rights; Lotos Oil; Plus GSM and EDGE

No earlier than November, after accepting court proceedings with creditors, talks on extending the production rights of Lanos and Matiz cars by Daewoo-FSO will begin. The license would be part of the offset contract, but according to Jacek Piechota, Deputy Economy and Labour Minister, it does not have to be signed with American Lockheed Martin. (Rzeczpospolita, p. B4) Czechowice Refinery will produce and sell oils and lubricants under the brand name of Lotos Oil, as the agreement concerning this issue was signed on Tuesday in Gdańsk. (Rzeczpospolita, p. B4) Toruń-Pacific, part of the joint venture between Swiss Nestle and American General Mills, has begun production of cornflakes with milk in the form of chocolate bars. The investment cost the company almost zł. 54 million and was financed from the firms own capital. (Rzeczpospolita, p. B4) Polkomtel, owner of phone operator Plus GSM, to be the first Polish company to present data transmission using EDGE technology during the up and coming Technological Congress on October 7. This will allow for data transmission with speed similar to that achieved by UMTS. (Rzeczpospolita, p. B3) White-goods and multimedia retail chain Avans plans to invest in total about zł. 60 million in developing its sales network which consists of 600 stores. The company plans to open 16 stores in cities with more than 100,000 citizens with the first two scheduled to be opened by the end of the year. This should allow the company to increase its total turnover to zł. 2 billion. (Rzeczpospolita, p. B3) M.M.