Polish Business Survey

Alan Heath
opublikowano: 28-09-2000, 00:00

Polish Business Survey

TK Development to build hypermarkets

Next year the network of Hypernova hypermarkets belonging to Ahold Polska will increase from nine to seventeen.

A short time ago Ahold signed an agreement with the Danish TK Development to build centres in Toruń and Bydgoszcz. According to Florian Hunger of TK Development each of these centres will cost between USD40m - USD50m to build with construction starting this year.

Ahold Polska will open one more store this year, in Szczecin. This will bring the Dutch company s total to nine in Poland. Six hypermarkets, in Lódź, Radom, Piotrków Trybunalski, Jelenia Góra, Tarnów and Warsaw, came on line in the course of 2000. At the beginning of the year the company could only boast two stores which traded under the Allkauf brand in Tychy and Kraków. Both were modernised and transformed to meet the standards of Hypernova.

The company is also increasing the number of its supermarkets which trade under the Max name. It now has 33 such stores with two new ones recently opening in Zabrze in Silesia and Wadowice near Kraków. The next one is due to open in the middle of next month in Przemyśl. By the end of the year the company claims that it will have 43 open.

Hochtief makes acquisitions

The German Hochtief Polska has acquired complete control of Warsaw based Budokor and Poznań based POZ Building. In this way yet another strong western backed construction group has come into being.

A third company, KPIS-Cracovia, which has been working informally with Hochtief for some time will also probably come under their wing. This acquisition is expected later this year although Hochtief Polska are unwilling to comment on the matter. Turnover of Hochtief Polska will be around PLN1bn this year and give them up to three percent of the construction market. The advantage for Polish companies to work with such large concerns is that financing for large projects can be guaranteed by the mother company. One of these large contracts is the construction of a new terminal for Warsaw s Okęcie airport.

Hochtief has experience of similar construction works in Poland being the general contractor for the first terminal which was completed in 1992 at the cost of PLN400m. This time round the cost is estimated at around USD350m. Bids have to be in by 29 September and the winner will be known at the beginning of next year. Construction should start next summer.

ISPA programme under way

Next month the Polish delegation to Brussels will be presenting sixteen schemes which are requesting grants under the delayed ISPA programme. This EU venture seeks to provide funding for environmental protection and transport projects.

EUR350m has been allocated to this scheme. So far only three Polish projects have been accepted by Brussels. They are the EUR77m scheme to rebuild and modernise Bydgoszcz s water supply and sewers, the construction of a 19km stretch of motorway in Silesia around Gliwice and 52km stretch of rail line between Mińsk Mazowiecki and Siedlce. In all cases the EU is only partially funding the projects.

Owing to the delay in getting the scheme on line not a single euro has so far been paid out although thanks to an agreement signed last week it is hoped that the first transfer will be made in the next few weeks.

Pension sabotage claim

In an interview published in today s Puls Biznesu Marek Góra, heading the pension reform team states that he believes that bankruptcy of some pension companies can be expected due to delays caused by government departments who deliberately sabotage mergers.

IT share decision

Shareholders of IT giant Optimus will decide in the next few days if Doctor Q and Optimus Systems are to enter the stock market along with Onet.pl. This is particularly interesting as it comes at a time when the company is trying to merge Onet with Wirtualna Polska.

Three go for Polmos Poznań

The short list of potential purchasers of Polmos Poznań has three names: the French Pernod Ricard, Dutch Bols and a consortium made up of the German Eckes and Swedish Vin & Spirit. A 51 percent share of the company will be offered by the first quarter of next year at the latest.

Four days to go for UMTS

There are still four days left before five UMTS concessions will be announced yet not a single consortium has been formed to run this advanced telecommunications system. On the other hand there are no shortage of Polish companies who would like to be part of a group. Polsat, Telewizja Familijna, Prokom, Poczta Polska and PKP have all stated that they would like to be part of such a group. They now have to wait for the decision of foreign telecoms concerns. Analysts think that consortia will not be formed before the middle of next month.

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Podpis: Alan Heath


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Puls Biznesu

Puls Inwestora / Polish Business Survey