In Brief: UMTS licenses; Bank of America, Hortex; Unemployment; Ericsson

The Telecommunications and Postal Regulations Office (URTiP) proposes to sub stitute UMTS license fees for investments. As a result, investors would be a ble to stimulate the local market. The proposal has yet to be accepted by Pa rliament. (Parkiet, p. 3) ... Bank of America (BoA) which holds a 92% stake in juice producer Hortex, said that it has no intention of selling the compa ny until it strengthens its market position. BoA estimates that Hortex's rev enues should increase in 2002/2003 by 20%-25% in comparison with last year. (Rzeczpospolita, p. B4) ... Unemployment is expected to rise to 17.7% in Nov ember from 17.5% in October but to remain below 18% in December, Labor Minis ter Jerzy Hausner said yesterday. (Parkiet, p. 3) ... Carl-Olof Bergqvist ha s become the new president of Ericsson Poland. (Rzeczpospolita, p. B4) A.Z.