In Brief: New retail network; Gdynia Shipyard; Elsner Products sold

Lithuanian retail network VP MARKET intends to open 1,000 outlets in across the country ranging from supermarkets to ordinary shops and in this way capture 5-7% of the market. According to analysts, VP Market's plans are overambitious since no Polish retail network has managed to achieve such a high market share. (Puls Biznesu, p. 6) ... The GDYNIA SHIPYARD GROUP (GSG) has a chance to recover. An Israeli shipbuilder which wishes to remain secret intends to meet the shipyard management and the representatives of the European Bank for Reconstruction and Development in order to discuss financial support. The shipyard is likely to receive a $150 million loan from the bank. (Puls Biznesu, p. 8) ... A Polish subsidiary of frozen food company ELSNER PRODUCTS has been taken over by Globus of Hungary for €5 million. (Gazeta Wyborcza, Gospodarka supplement, p. 3) A.Z.