In Brief: Życie; Szeptel; Brok-Strzelec; European tax regulations

Tomasz Wołek, the former senior editor of Życie confirmed yesterday that the daily will return to the market under the same brand name, and that will also return to his former post. Grzegorz Kacperski, the receiver of the bankrupt publisher of Prawo i Gospodarka and Życie, Dom Wydawniczy Wolne Słowo (DWWS), did not want to reveal the name of the investor who will pay for the reactivation of both papers around zł. 750,000, mentioning only that it is a company registered in London. (Gazeta Wyborcza, p. 19) ...Szeptel, an independent fixed-line operator, is in the process of restructuring its debt. The company has managed to come to an agreement with its largest creditor, and its shareholder, Media Net Interactive (MNI). MNI has recently taken over Szeptel's debt of over zł. 20 million from Pekao, saving the operator from bankruptcy. Currently MNI has agreed to swap zł. 10 million of Szeptel's debts to shares. (Parkiet, p. 4) ... Brok-Strzelec brewery will make a decision during the General Shareholders Meeting planned for October 18, to issue additional shares. Company representatives plan the new issue to amount to between 5 million and 25 million shares. The obtained funds are to be used on debt restructuring and further development. (Parkiet, p. 5) ... The Finance Ministry plans on increasing the tax rate for Internet connections from the current 7% to 22%, explaining that these are European Union regulations. Analysts warn about negative consequences of this decision. (Parkiet, p. 7) A.K.