Warsaw (Puls Biznesu) – WIG20 eded the day at 2,092.33 points, or 1.24 percent lower. On Friday, the index grew 2 percent. Since its last bottom of January 21st, the index has risen 15.5 percent and exceeded the level of 2,100 on Friday. Shares worth nearly PLN 850 m (EUR 217.6 m) changed hands. It is much, but 40 percent less than on Friday when he turnover amounted to PLN 1.

Warsaw (Puls Biznesu) – Connex, French transportation company, listed in Paris, with EUR 4 billion of sales a year, has submitted the only offer for the privatisation of Szybka Kolej Miejska (SKM) in Gdansk-Sopot-Gdynia municipal region. The privatisation should ended this year.

Warsaw (Puls Biznesu) – In Mach, Eurostrategy consulting company will finish its report ordered by the European Commission evaluating restructuring process in Polish steel plants. Mittal Steel Poland, which controls around 70 percent of the Polish market, has not started the projects worth PLN 1.7 billion (EUR 434.5 m) it promised in the privatisation agreement.

Warsaw (Puls Biznesu) – Bank BPH had PLN 788 m (EUR 200.1 m) of net income last year, or 144 percent more than in 2003. The company remains Poland’s third largest bank behind PKO BP and Pekao S.A. Shares of BPH rose 1 percent yesterday as the market expected the results.

Warsaw (Puls Biznesu) – Telmax and Spin, IT companies which merged at the end of 2004, had in 2004 PLN 148 m (EUR 37.6 m) of sales and PLN 20 m of net income. In 2003, Spin had sales of PLN 102 m, and Telmax PLN 25 m. Net income of Spin amounted to PLN 25 m but the company warned it would be difficult to repeat it. Telmax had loss in 2003.

Warsaw (Puls Biznesu) – Kompania Weglowa (KW), Europe’s biggest mining company, has prepared its strategy for the years 2005-10, which should lead to its privatisation. KW, which last year had PLN 430 m (EUR 108.8 m) of net income, against PLN 599.9 m of loss in 2003, is going to reduce employment by 10,000 people within five years.

SAP planuje otwarcie centrum rozwoju oprogramowania w Budapeszcie, napisał WirtschaftsWoche w artykule, który zostanie opublikowany w czwartek.

Warsaw (Puls Biznesu) – Although Alstom filed a suit for bankruptcy of Elektrim, the latter managed to stay stable on the stock exchange yesterday. Alstom one of construction companies working at PAK power plants modernisation, filed the suit against Elektrim, the owner of 50 percent in the plant. Shares of the latter fell to PLN 5.2 (EUR 1.3), or 4.5 percent.

Warsaw (Puls Biznesu) – A mysterious Irish pharmacy company which submitted an offer to buy Polish PHF pharmacy holding is probably Alltracel. The company based in Dublin is listed on LSE. Although it improves results every year, with its EUR 4.6 m of sales in 2004 it is forty times smaller than PHF. It specialises in R&D over new medicines.