In Brief: Germanwings; WP; Elzab share issue; Super Express to sack 30

From June 26 Germanwings, the German budget airline, will offer regular flights from Kraków to Koln. "We chose Kraków not only because its is a tourist destination, but also because it is close to other cities. We also want to start flights to Stuttgart," said Germanwings president Joachim Klein. (Puls Biznesu, p. 10) ... Two months after the formal bankruptcy of Wirtualna Polska internet portal only two investors have submitted bids to buy the company. One offer came from current WP minority shareholders and the other from the company established by MCI Management and Socrates Investments and owned by the former WP president Marek Borzestowski. It is rumored that WP debts may far exceed the previously estimated zł.35 million. (Parkiet, p. 4) ... Elzab, a Zabrze-based IT company, which controls 17-18% of national sales of fiscal cash registers, is to issue 750,000 shares at the end of June and hopes to raise zł.10-13 million from the move. (Parkiet, p. 5) ... Media Express, the company which publishes Super Express daily, plans to lay off at least 30 employees as a part restructuring. The reductions will touch all departments including editorial, sales and production. In April the sales of Super Express fell by 20%. (Gazeta Wyborcza, p. 19) E.B.