One contender for Iraqi contracts

"At the beginning of April, Budimex shares rose in value, because it's considered the only company listed on the Warsaw Stock Exchange (WSE), which is likely to obtain contracts in Iraq," says Bartosz Ostafinski of Beskidzki Dom Maklerski Other firms might have problems obtaining such work even though theoretically they are able to execute them. Mostostal Zabrze, for example, could manage the jobs from an organisational and technological point of view, but it lacks an appropriate capital base. "Mostostal Zabrze is struggling with enormous problems on the domestic market," the BDM analyst reminds us. Construction companies listed on the WSE are still having a hard time. "The execeptions are the firms who have strong branch investors and are being restructured," states Ostafinski. "2003 will be a vital period on the market - weak firms will go bankrupt or be forced to limit their scope of activity," he adds. Construction companies wi