In Brief: Inteligo; Stalexport; PKN Orlen; Skopje
By the end of the first quarter of next year, e-bank Inteligo intends to win
250,000 new customers as well as zl. 800 million in deposits. Currently,
Inteligo has 180,000 clients with deposits of zl. 440 million in their
accounts. (Puls Biznesu, p. 8) ... The Stalexport group has closed the third
quarter of 2002 with an zl. 8.8 million net profit. However after nine
months of this year it has posted losses of zl. 197 million. (Puls Biznesu,
p. 8) ... PKN Orlen nearly doubled third quarter profits despite weak
refining margins, helping lift its stock to three-month highs yesterday.
(Prawo i Gospodarka, p. 1) ... Polish Finance Minister Grzegorz Kolodko told
reporters on the sidelines of a conference in the Macedonian capital Skopje
yesterday that his country needed fast economic growth to propel it to a
speedy euro-zone entry. He also tried to stem the recent rise of the zloty
by saying it was likely to be much lower against the euro when its rate
against the single currency is locked prior to Poland's euro-zone entry. "We
will see how the zloty rate fares until its final days (Poland adopting the
euro), but it will surely be weaker, much weaker than now," he said.
(Reuters) A.Z.