Interferie to pick IPO manager soon
Interferie Sp. z.o.o., a small hotel and resort operator that is part of KGHM Polish Copper group, has postponed selection of the stockbroker that will handle company?s IPO sometime next year, senior KGHM official told PARKIET yesterday. ?We?ve asked KGHM for another month. Turns out we need more time?, Andrzej Wibrow, chief executive of DSI, copper mine?s investment arm said. Interferie, which had revenues of PLN 20 million in the seven months to August and was marginally profitable, said earlier it needs about 30 million zloty to upgrade its facilities.
Mining
KGHM union activists demand higher wages
Solidarity trade unions at KGHM Polish Copper mine are asking for another wage hike despite the 7 percent increase in wages so far this year. National Copper Mine Section of NSZZ ?Solidarność? wants more money to offset ?higher living expenses caused by inflation?. Monthly wages and bonuses at KGHM, which has about 17.000 workers, now total about 4900 zloty ($1350), more than double the natiPolish Finance Ministry has issued an official warning asking people to ignore fake letters demanding back taxes for 2002. A number of taxpayers have reportedly received official-looking letters from the non-existent General Tax Audit Inspection, sent via Polish Post Office, demanding immediate payment of 1347 zloty in taxes, along with a bank account number for back tax payments. Finance Ministry officials have asked General Attorney?s Office to investigate the scam and seize the account.