In Brief Two: PKO BP helps PHS; Energis Polska consortium; PKP revenues

Treasury Minister Piotr Czyżewski said in the Sejm on Friday that he is negotiating with bank PKO BP, terms of the zł. 400 million loan for Polish Steel Mills (PHS) so they can finance its current operation as well as "prepare for the winter period". (Parkiet, p. 1) ... Energis Polska has set up a consortium with financial investors who intends to take over shares in Tel-Energo. The firm does not exclude that it might be interested in other telecom companies providing services for the business sector. (www.onet.pl)... The losses of the Polish State Railways (PKP) generated last year amounted to zł. 2.726,7 billion with revenues of zł.8.726,2 billion. At the end of last year PKP's liabilities and reserves for liabilities were zł. 13 billion. Despite the losses the group is far from bankruptcy, however if its financial standing does not improve it may be in trouble. (Rzeczpospolita, Sept. 20-21, p. ) A.Z.