Mostostal Export's "focus on Russia" strategy begins to pay off

Michał Skipietrow, the president of Mostostal Export, announced that his company will return to its core activities, and so its strategy for 2004 envisages increasing the share of export in total sales to 80%. The main activities for the company would be the Russian market and, "The results of the first few months prove that we made the right move," said Skipietrow. Between January-May, ME's revenues from contracts in Russia amounted to zł.55 million, which exceeded all its sales to Russia in 2003, which amounted to zł.21 million. "In 2004 our sales will increase at least 2.5 times," assured the president. He also estimates that the company will have revenues amounting to zł.130 million from Russia and zł.50 million from the EU. (Parkiet, p. 4) M.M.