In brief: Eurobond sale; Espebepe bankruptcy; PKN Orlen & Polkomtel

Raiffeisen Zentralbank has recommended that investors change their Polish Eurobonds for Hungarian Eurobonds. The recommendation is based on a recent Standard & Poor's rating, which downgrades the economic outlook for Poland from positive to stable. (Prawo i Gospodarka, p. 7) ... An application will soon be filed declaring the bankruptcy of Espebepe Holding, according to president Zbigniew Zalewski. The company, which operates mainly in the industrial construction sector, made losses of zl.3.4 million last year. (Gazeta Wyborcza, p. 15) ... PKN Orlen has confirmed that it intends to sell its stake in mobile phone operator Polkomtel. However, the final decision will depend on the other Polkomtel shareholders. PKN Orlen is believed to need around zl.2 billion for its planned involvement in an industry consolidation. (Gazeta Wyborcza, p. 15) P.W.