IT International Theaters announces major construction program in Poland

IT International Theaters (IT IT) of Israel plans to invest $150 million in Poland over the next five years, according to an announcement yesterday by its representative, Cinema City Poland. Anna Rekus, Cinema City Poland marketing director, said, "We are planning to spend $200 million, which we will obtain from a share issue, in Central and Eastern Europe." She went on to explain that 75% of the total will be allocated to investments in Poland. IT IT, which is listed on the European stock exchange Easdaq, currently owns two multiplex cinemas in Warsaw and is completing the construction of an IMAX theater in Krakow. Under the company's plan for the next five years, it will construct 10 to 15 theaters and shopping centers in Poland. (Puls Biznesu, p. 9; Prawo i Gospodarka, p. 4; Rzeczpospolita, p. B1) M.T.K.