Briefs
Tebodin to acquire SAP-Projekt shares
Tebodin Consultants and Engineers, an operating company of Royal BAM Group, is
to acquire 51 per cent of the shares in the Polish engineering consultant
SAP-Projekt on January 1st 2003 and will have the option of increasing its stock
further on the same date.
The Royal BAM Group claims that this merger will create the largest consultancy
and engineering firm in Poland and that turnover in 2003 will be approximately
EUR 15 mln.
Money for airport development
The European Investment Bank has granted a EURO 200 mln loan for the development
of Warsaw's Okęcie Airport, which would cover the cost of constructing a new
terminal.
The main contractor of the scheme, the Budimex-Ferrovial-Estudio Lamela
consortium has signed a USD 198.85 mln contract with the investor,
Przedsiebiorstwo Panstwowe Porty Lotnicze - PPL. Construction work is due to
start this year.
7 per cent VAT until the end of 2007
As a result of negotiations between the Polish government and the EU, the 7 per cent VAT tax on new flats and their construction services, renovation and maintenance, is to be kept at this rate until the end of 2007.
