In brief: DT Wola closure; Treasury's PKS bonds; WP competition success
Representatives of countrywide domestic department store DT Centrum, owners
of the Galeria Centrum chain, yesterday announced plans to shut down one of
its Warsaw operations. DT Wola will be closed at the end of 2001, and its en
tire staff of 90 will be made redundant. (Rzeczpospolita, p. B1) ... The Tre
asury Ministry is planning to issue bonds to cover its zl.261 million debt t
o State-owned long-distance bus operator PKS. Thus, neither Bank Handlowy no
r Raiffeisen Bank Polska will be able to take over the debt directly, as pla
nned previously. (Puls Biznesu, p. 10) ... The Wirtualna Polska (WP) Interne
t portal succeeded in attracting 51,000 participants in its on-line Netmania
competition. According to Marcin Strzalkowski from WP, the success of the co
mpetition can be attributed to an aggressive advertising campaign, which cos
t the portal over zl.1.5 million. (Gazeta Wyborcza, p. 23) M.T.K.