In Brief: Wawel to move; Vistula; Iraqi contracts; Inter Cars

The investment will cost the company in excess of zł. 50 million. (Parkiet, p.3) ... Kraków-based clothing producer Vistula does not have to overly worry about its financial problems. Its shareholders declared that they will support the company financially if the necessity arises. Last year, Vistula reduced its liabilities from zł. 47 million to zł. 32 million. (Puls Biznesu, p. 12) ... Former Finance Minister Marek Belka, who is now responsible for economic reconstruction of Iraq, said on Saturday that Polish companies are certain to obtain contracts in Iraq. He refused to give more details saying only that, "It would by utterly irresponsible to talk about contracts before they are concluded". (www.onet.pl) ... Inter Cars, the largest national distributor of car parts is planning to expand on foreign markets and is particularly interested in Ukraine where its subsidiary is located. Currently exports account for 30% of the company's revenues. The firm also plans to debut on the WSE in the second quarter. Puls Biznesu, p. 10) A.Z.