In Brief: Telbank-Tel-Energo; Plast Box; BACA to pay dividend

Tele-Energo's owner, the Polish Power Grid (PSE) will start looking for an investor for the entity once it is merged. Until then, PSE wants Tel-Energo to regain its liquidity. (Puls Biznesu, p. 8) ... Following its successful debut on the Warsaw Stock Exchange, the shares of Słupsk-based packaging producer Plast-Box remain a promising investment, say analysts. "The construction of a production plant in Ukraine by the end of the year constitutes a major chance for the company. It will reduce its costs and open up a new market," said Jarosław Lis of SEB TFI. (Puls Biznesu, p. 10) ... Bank Austria Creditanstalt (BACA) intends to pay a dividend of EUR 1.02 for 2003. The overall payment to Polish shareholders will amount to some EUR 2 million. Domestic investors are entitled to ask the Austrian fiscal authorities for a tax refund, as according to the bilateral agreement the maximum tax rate is fixed at 10%. (Parkiet, p. 3). M.K