In brief: Ekoleasing; Elmech-Baupol; Turow; Volvo halting truck plant

Ekoleasing, whose majority shareholder is Bank Ochrony Srodowiska, is implementing a repair program, with 75% of employees replaced and the search begun for a strategic investor. (Puls Biznesu, p. 7)…Polish-German joint-stock company Elmech-Baupol is offering 34% of its shares thus far held by the State Treasury. With a nominal value of zl. 280,000, the shares were invalidated in the middle of January 2000 because the Treasury failed to observe the time limit for transferring the rights of ownership of the assets it contributed to the company. (Puls Biznesu, p. 9) State-owned power plant Turow is issuing eurobonds for $250 million. Yesterday it was awarded a long-term BB credit rating by Standard & Poor’s, unprecedented in the Polish power industry. (Prawo i Gospodarka, p. 2, Puls Biznesu, p. 4).Volvo Poland will no longer manufacture trucks in Poland, although it will continue to sell them. Its Wroclaw plant will focus on buses, bus chassis and machines for the construction industry, a total investment of $55 million.(Prawo i Gospodarka, p.3) M. S.-C.