In brief: Standard & Poor's rates PGNiG; Cetelem; PKN Orlen; Konspol
Polish Oil and Gas Mining (PGNiG) has reportedly been granted a BBB rating
and an optimistic forecast by Standard & Poor's, indicating that the company
is considered a reliable partner in the international financial market.
(Puls Biznesu, p.11)... Cetelem Polska, the Polish credit-brokerage company
belonging to the French company Cetelem (controlled by bank BNP Paribas),
intends to sign credit agreements worth zl.300 million in 2001, which is
100% more than last year. Currently, its key activity is providing
installment credit and issuing credit cards. (Puls Biznesu, p.9)... A new
supervisory board of PKN Orlen, Poland's leading fuel producer, was chosen
at the shareholders' meeting held on Monday night. (Prawo i Gospodarka, p.
17)... Konspol, a Nowy Sacz-based meat processing company, plans to start
operating its new plant in the US within the next two months. Although the
exact level of investment is still unknown, its plant in Pennsylvania is
said to have cost several million dollars. (Puls Biznesu, p.8) M. S.-C.