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In Brief: Agenda Warsaw City 2010; Elektrim rejects ZE PAK power division

15th April 2004

New proposals to the Agenda Warsaw City 2010 financial market strategy envisage exempting long-term investments on the bourse from capital gains tax.

The changes, proposed by the Finance Ministry and to be analyzed by the government next week, would also seek to allow companies to include their floatation costs as operating costs. (Parkiet, p. 1) ... Elektrim, a strategic investor in the ZE PAK power plant, has said no to power division at the plant and thus rejected the offer of the National Grid (PSE) and their subsidiary to participate in the ZE PAK investment. However, it is believed that this might jeopardize the zł.120 million bridging loan arranged with BRE Bank. (Parkiet, p. 3) M.M.
From Warsaw Business Journal

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