In Brief: Prosper's plummet; Electrolux expansion; Stream; PGNiG

The firm has not been so cheap since July 2003. Prosper's president Tadeusz Wesołowski denied that the firm was undergoing any problems when explaining the decrease in its value. (Parkiet, p. 2) ... Electrolux, the world's leading white goods producer, is going to build the second production plant in Poland. The investment will take EUR 20 million and is to be completed in December 2005. (Parkiet, p. 5) ... Stream Communications (SC), a cable TV operator from South-West Poland, has been granted credit of zł.1.8 million by one of the domestic banks. The company is going to use the money for takeovers. (Parkiet, p. 4) ... Yesterday Polish Oil and Gas (PGNiG) signed a contract for gas supplies with a Ukrainian company NAK Naftogaz. According to the contract, between July 1 and the end of 2007 Poland will be provided with 17.5 million cubic meters of gas. (Parkiet, p. 4) A.F.