In Brief: PKO BP; Luxair flights; SAS restart; Tesco Polska's big cheese

PKO BP bank has bought a 66.65% stake in Kredyt Bank Ukraina. According to unofficial sources the transaction was worth EUR25 million. In 2003 Kredyt Bank Ukraina posted a net profit of $3 million and is expected to post $1.1 million in Q1 this year. (Rzeczpospolita, p.B1) ... Luxair, a Luxemburg-based airline, is going to offer flights between Warsaw and Luxemburg from August 30. Luxair will fly six days a week on the route and does not plan to expand its services on the Polish market in the near future. (Puls Biznesu, p.5) ... Scandinavian Airlines SAS plan to restart flights from Copenhagen to Szczecin. The flights may begin on October 1st. (Rzeczpospolita, p.B3) ... Kevin Grace will become the new president of Tesco Polska today replacing Kevin Doherty who is retiring. Grace has recently been the deputy president of Tesco in South Korea. (Rzeczpospolita, p. B3) E.B.