In Brief: Metropolitan Life; BRE and KBC; Fort Bema; Polmos; EU talks
Shareholders of Metropolitan Life Ubezpieczenia na Zycie, owned by Met
ropolitan Life Insurance from New York, of the U.S., are seriously con
sidering withdrawing from the Polish insurance market. Unofficially it is
know the company is for sale. ML has been present in Poland only since 1999
and has a capital of zl. 75 million. (Puls Biznesu, p. 8) ... Belgium group
KBC, the majority shareholder of Kredyt Bank, has denied it is interested in
taking over Bank Rozwoju Eksportu (BRE). Herman Agnessens, the member of
KBC's board of directors, was cited yesterday saying that corporate banking
does not match the strategy of the Belgium bank. (Parkiet, p. 5) ... W
arsaw's Bemowo gmina authorities are now looking for investors to develop
the former military area of Fort Bema. Possible plans include turning the
area into sport and leisure centre (Puls Biznesu, p. 12) ... Over the last
week, Lublin based spirits producer Polmos has been taking advantage of the
lower excise duty to increase its supplies of its Ideal and Zoladkowa Gorzka
vodka brands by over 50% of its monthly average to 3.2 million bottles. The
company claims that last week sales totalled zl. 20 million. (Rzeczpos
polita, p. B4) ... The Cabinet yesterday increased its demands relating to
EU entry talks to try and boost the fading prospects of farmers, so that
they will receive the same aid from Brussels as those in existing member
states. (Reuters) J.K.