In brief: KRRiTV and Canal +; ZUS borrowing; PGNiG business loan
The National Radio and Television Council (KRRiTV) has withdrawn nine land
transmitters from TV channel Canal +. The transmitters, located in Poland's
largest cities including Warsaw and Krakow, will be offered on a
concessionary basis after the summer holidays, an arrangement that is likely
to interest TV Puls, TV4 and TVN. (Puls Biznesu, p. 6) ... According to the
Rzeczpospolita daily, at the end of May Social Insurance Company (ZUS) took
out a zl.300 million loan, significantly lower than the zl.1.6 billion
credit line it agreed in April. Analysts say that the reduction in the loan,
in the light of ZUS's strong financial position, is a measure aimed at
keeping the national budget deficit at an appropriate level.
(Rzeczpospolita p. A1) ... Polish Oil and Gas (PGNiG) has agreed a loan deal
with Credit Suisse First Boston worth $200 million. PGNiG says the funds
will be used to finance its current business activities. (Prawo i
Gospodarka, p. 2) P.J.