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In Brief: GE Capital; Domestic Press; Enterprise Investors and Polfa Kutno

The second quarter of 2003, GE Capital Bank posted zł. 29.5 million in net profit. Which allowed the bank to generate zł. 52.4 million net profit for the first half of the year. "This is the result of an increase in the bank's credit portfolio as well as the dynamic development of insurance sales" says GE Capital president Mariusz Karpiński. (Puls Biznesu, p. 4)...The decline in sales of leading dailies has not led to reshufflings on the domestic press market. This may change with the launch of a new tabloid by Axel Springer Polska. Its rivals, Gazeta Wyborcza and Super Express are preparing "war strategies" and financial resources for potential battles. "We know what our German competitor is up to and we intend to provide him with many many painful surprises" said Gazeta Wyborcza publisher Agora. (Rzeczpospolita, p. B1)...Enterprise Investors, main shareholder of Polfa Kutno is likely to sell its stake in the drug producer in the third quarter of this year. Optimistic results from Polfa are certain to encourage investors. (Parkiet, p. 3) A.Z.

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