In Brief: MG Rover, Daewoo-FSO; Opel; Gdansk Refinery; Stalexport

According to Nick Stephenson, Vice-President of MG Rover, mid-February will be the date of the final deal concerning the company's investment in Daewoo-FSO. The British company expects the passive investor interested in the project to spend at least $100 million on the factory and possibly to take over a stake in the company's shares. (Rzeczpospolita, p. B3) ... For the first time for a number of years, ZEM Celma, a capital group based in Cieszyn, proved profitable and ended 2002 with a zl. 3.3 million net profit. A year ago, the company's net losses amounted to zl. 21.2 million. (Rzeczpospolita, p. B4) ... Due to the higher prices of fuels on the European market, the Gdansk Refinery has announced a zl. 45 increase in the wholesale price (per 1,000 liters) of petrol to start today. The price of diesel remains unchanged. (Rzeczpospolita, p. B1) ... Stalexport's losses for 2002 are expected to exceed zl. 100 million. The company wishes to clear its balance sheet as its creditors may soon become its biggest shareholders. (Parkiet, p. 3) K.Z.