In Brief: Pazur; BOS; Gold reserves

The Warsaw commercial court has announced the bankruptcy of publicly-listed cigarette trader Pazur. The market has reacted to the news with a 10% drop in the company's share prices. (Puls Biznesu, p. 7) ... Bank Ochrony Srodowiska (BOS) is another major creditor of Huta Ferrum steel mill to have terminated a loan agreement for investments. The bank is demanding over zl. 8.7 million from the mill. (Parkiet, p. 4) ... The London Stock Exchange fears that some European banks, including the National Bank of Poland (NBP), may take advantage of high gold prices and sell part of their reserves for dollars, resulting in a drop in gold prices. (Parkiet, p. 6) A.Z.