In brief: SSE link; Bank Handlowy & Huta Czestochowa; WB coal loan

The cabinet has decided to connect two special economic zones, in Tczew and Zarnowiec in Northern Poland. The link-up is aimed at streamlining their administration and reducing costs. The new zone will be called Pomorska SSE. (Puls Biznesu, p. 7) ... Bank Handlowy has offered to sell the zl.32.3 million debt owed to it by the Huta Czestochowa steel mill. Despite this, an agreement between the steel mill and its creditors is still believed to be possible, as long as the Treasury Ministry agrees to sell shares in the steel mill worth zl.35 million. This will allow Huta Czestochowa to pay its debts to Social Insurance Company (ZUS). (Puls Biznesu, p. 7)...The government will take out a second loan, of euro 112.8 million, from the World Bank for the on-going restructuring of the coal mining sector. (Puls Biznesu, p. 7) A.Z.