In Brief: Innova invests in media; Allegro profitable; Ergo Hestia and BRE

Investment fund group Innova Capital has announced that it will spend $40 million this year on the Polish media sector. According to the funds' representatives, outdoor advertisements would be a priority. Secondly they want to focus on cable or satellite television and radio. (Gazeta Wyborcza, p. 18) ... Leading domestic Internet auction service Allegro.pl plans to gain profitability in the first half of this year and its total transactions are to exceed zl. 200 million. Allegro.pl accounts for more than 85% of all auction transactions on the domestic Internet market. (Puls Biznesu, p. 9) ... Changes in German capital markets resulted in insurer Ergo Hestia considering cooperation with BRE Bank. However, the company still wants to have good relations with BPH PBK. (Puls Biznesu, p. 6) P.J.