KGHM begins to yield to political pressure

"We are interested in PAK and we are analyzing the project. Of course it does not mean that we have already made a decision but we are going to take a closer look at the project," revealed KGHM spokesperson Radosław Poraj-Różecki. Yesterday, the KGHM Board published an official recommendation on the division of the its 2006 profit. It proposes to pay only zł.1.4 billion from a zł.3.4 billion profit in dividends. The State Treasury will accept such a low level only if the company presents its investment plans. "I expect a concrete investment plan with dates and figures. Otherwise the dividend will be higher," declared Deputy Treasury Minister Ireneusz Dąbrowski. (Puls Biznesu, pp. 1, 6-7) E.B.