In Brief: Gdynia Shipyard; KB to sack staff; Bankrupt Huta Czestochowa

The Finance Ministry is in the final stage of negotiations with banks to guarantee loans to construct another ship in the Gdynia Shipyard. The government will transfer zl. 35 million worth of its shares in TPSA to engineering enterprise Zaklady Cegielskiego, which makes engines for the shipyard. (Prawo i Gospodarka, p. 8) ... This and next year Kredyt Bank (KB) will lay off 1,000 of its 7,000 strong staff. The bank claims that the reduction is necessary to rationalize its operational costs. (Prawo i Gospodarka, p. 10) ...The management of Huta Czestochowa steel mill has filed for bankruptcy. HCz's property will be leased by a company owned by the Industrial Development Agency (ARP), Polish Oil and Gas (PGNiG), Kredyt Bank and TF Silesia. (Puls Biznesu, p. 8) A.Z.