In brief: Sluzewiec; TPSA eurobond issue; Daewoo; BRE Leasing

The horse racing season at the Sluzewiec circuit may begin late this year due to the company's dire financial situation. On Feb.26 the courts will decide whether or not to start bankruptcy proceedings at the embattled racing track. (Rzeczpospolita, pp. A1, B2) ... Telekomunikacja Polska (TPSA) eurobonds worth euro 500 million issued on Friday were in high demand after the state-controlled telecoms giant announced it plans to increase revenues by 20% and introduce new services this year. (Gazeta Wyborcza, Feb. 17-18, p.26) ... Warsaw-based Daewoo-FSO will suspend production for two weeks beginning Monday, according to company spokeswoman Krystyna Danilczyk. She cited poor sales results, including a 25% year-on-year drop in January. (Prawo i Gospodarka, p.3) ... BRE Leasing, the fastest growing domestic company in the leasing sector, says it will enter Poland's lucrative real estate market, with plans to invest some zl.300 million this year. Company representative Adam Martowski said BRE Leasing intends to lease hotels, offices, and shops in Warsaw and Olsztyn. (Puls Biznesu, p.7) M.K.