In Brief: Gdynia Shipyard; BPH-PBK merger; Support for Daewoo-FSO

The Gdynia Shipyard has a full portfolio of orders until 2004. During this time the yard plans to build 43 ships, to an estimated total value of $1.54 billion. (Prawo i Gospodarka, p. 6) ... The merger between Bank Przemyslowo- Handlowy (BPH) and Powszechny Bank Kredytowy (PBK) will be completed in November of this year, according to an official announcement by the bank's representatives. In the fall, a new integrated IT system will also be introduced. (Prawo i Gospodarka, p. 4) ..."Korea will support plans to create a new company based on the assets of Daewoo-FSO," said President Aleksander Kwasniewski following his trip to Korea, where he witnessed his country's World Cup defeat at the hands of the hosts. According to Gazeta Wyborcza, the talks on this matter will last for the next few weeks. (Gazeta Wyborcza on-line) P.W.