In Brief: Isuzu opens plant; Poznan fair; Debica compensation; Pekao stake

The plant is expected to have an annual production of 300,00 engines mostly for export to assembly plants in Western Europe. (Rzeczpospolita, page B4) ... Over 1,700 participants from all over the world, with French firms taking the lead, are expected to take part in the 71st Science and Technology fair which begins today at the Poznan International Fair. An Energy Forum, expected to tackle aspects of Poland's preparations to adjust to European Union energy regulations, will run parallel to the exhibitions. International giants are expected to participate in the exhibitions including the Swedish ABB, German Man AG truck manufacturer and Swiss Galika. (Rzeczpospolita, page B2) ... Tire producer Debica S.A. has set aside zl. 11.8 million for compensation of the 400 workers it announced in March it would layoff. The management of Debica wants to reduce costs by improving the productivity of the firm through introducing appropriate technology that will be managed by a smaller labor force. (Rzeczpospolita, Jun. 12-13, page B2) ... The Securities and Stock Exchange Commission (KPWiG) has cleared a consortium of UniCredito Italiano and Allianz to buy a majority stake in the state-owned Bank Pekao. The Treasury Ministry has selected the Italian-German consortium for the final phase to buy 52.1 % in Pekao, the country's largest banking group. (Reuters)