In Brief: Netia job cuts; Golden Gate & Ukrtransnafta; Twoj Styl sale

Telecoms operator Netia is to cut another 10% of its workforce. The latest staff cuts follow an earlier 10% reduction this year. Netia currently employs 1,600 workers and has debts estimated at around $800 million. (Prawo i Gospodarka, p. 10) ... Ukrainian fuel logistics company Ukrtransnafta has obtained a 5% stake in its Polish counterpart Golden Gate. The purchase will guarantee Ukrtransnafta's support for the construction of a $500 million oil pipeline linking Plock in central North Poland with Brody in Ukraine. (Puls Biznesu, p. 7) ... United Pan-Europe Communications, which is the largest cable TV network operator in Poland, has decided to sell its 50% stake in Twoj Styl publishing. According to unofficial sources quoted by Puls Biznesu, the stake will be sold to Polska Grupa Interim for $11 million. (Puls Biznesu, p. 7) A.K.