In Brief: Kredyt Bank and Solaris; Internet ad revenue; Clic Car Corp.

Kredyt Bank, whose majority shareholder is KBC Bank NV, will soon become a minority shareholder in Polish bus producer Solaris Bus and Coaches. A ccording to Puls Biznesu, Kredyt Bank and Solaris are currently in talks regarding the agreement, which stipulates that part of Solaris' debts be frozen and an additional $40 million be injected into the company's capital. (Puls Biznesu, p. 8) ... According to estimates by Ad.net, Poland's largest Internet advertising network, the real value of the Polish Internet ad vertising market stands at a mere zl. 24 million. The result is surprising as many sector experts were anticipating a sum closer to zl. 60 million to zl. 100 million. The majority of the sum goes to Poland's four largest Internet portals: Onet, Wirtualna Polska, Interia and Gazeta.pl. (Gazeta Wyborcza, p. 23) ... Clic Car Corporation intends to begin production of a 'smart'-type car in Poland. The three-person urban vehicle is the brainchild of Polish entrepreneur Waclaw Stevnert, who is currently seeking backing from state institutions and domestic businesses. Stevnert would like to begin production in 2003 and estimates the company needs zl. 80 million to start production and sales. He aims to sell 3,000 cars in Poland and Central Europe in the first year. (Puls Biznesu, p. 8) M.T.K.