MCI cautiously ventures into foreign projects

For the time being it purchased a minority stake, but eventually it plans to own 35-40% of the firm. "The value of our involvement will not exceed, including the following rounds of financing, EUR 1 million," said Tomasz Czechowicz, president and the main shareholder of MCI. Retail Info runs the largest e-commerce platform in the Czech Republic, it is present in Slovakia and plans to expand to Poland and Hungary. MCI is also conducting talks concerning two further foreign investments. "The chances of them being commenced in 2006 are 50% each," said Czechowicz. The first project concerns a Czech mobile-services provider with an anticipated value exceeding EUR 1 million, while the other one, an investment in a retail platform in Rumania is worth below EUR 1 million. (Parkiet, pp. 1, 3) M.M.