ŁSSE not yet ready to sell shares received from Treasury

The Łódź Special Economic Zone (ŁSSE) does not intend to sell the shares in stock-listed companies that it received from the State Treasury for planned investments. "This is not the best period for this type of transaction. We will wait until they have a higher value, as we want to post profits on bourse operations," said Andrzej Ośniecki, president of ŁSSE. He also added that one of the companies in which the zone holds a zł.0.5 million stake, Elkop, is in financial difficulty. "We want to participate in the restructuring process. We can obtain new orders, for instance, on the area of the Zone," explained Ośniecki. It is worth stressing that ŁSSE is attracting 10% of all foreign and domestic investments in Poland. President Ośniecki announced that the zone might invest some money on the bourse. (Parkiet, p. 4) M.M.