What will be the cost of Nafta Polska's help in marketing PKN Orlen shares?
About zl. 20 million will be spent by the oil holding Nafta Polska in its
marketing campaign for Polska Koncern Naftowy (PKN) Orlen S.A.'s share
issue. Nafta Polska is selling off 20% to 30% of PKN's shares. The minimum
revenue expected from selling only 20% of PKN shares is zl. 2 billion, and
the marketing campaign budget will be 1% of this amount. A Nafta Polska
spokesperson said, "The campaign is needed to boost people's interest."
Nafta has hired Diskau Advertising to handle the advertising campaign and
NBS to handle the public relations campaign. (Rzeczpospolita, June 17-18,
page B3) M.M.
Finance ministry's generosity to companies who owe tax includes Daewoo
This year the Finance Ministry has already frozen as much as zl. 130 million
in tax arrears. The ministry says only companies whose debt exceeded zl.
20,0000 or individuals whose debt exceeded zl. 10,000 were involved. In
eighteen cases the amount was more than zl. 1 million. The largest companies
on the ministry's list include spirits producer Lodzkie Zaklady Przemyslu
Spirytysuwego Polmos and automobile manufacturer Daewoo Motor Polska. The
ministry says revenue lost from the freezing of arrears has been
systematically decreasing, but has not elaborated on its decision-making
process for freezing debts. A discussion in the Sejm said such practices can
cause corruption. (Gazeta Wyborcza, June 17-18, page 32) J.K.