Changing places

EWA ANDRZEJEWSKA Aforeign investor enters the Russian market with a lot of money but little experience; when exiting Russia they have a lot of experience but little capital. This aphorism was related by Bartosz Puzdrowski at a presentation of Polnord's plans for the next few years attended by a select group of journalists. The Warsaw-listed developer has recently had a change of guard at the very top. Wojciech Ciurzyński, the head of the company, has left after more than three years. It was the new president of the board who came out with the remark when asked about the company's expansion into Poland's neighbouring market, while at the same time assuring us that Polnord had gone east with a solid knowledge  base and the necessary funds. Armed with these Mr Puzdrowski is now expecting a healthy return on the investment and is not ruling out further projects being carried out on Russian soil in the future.There have been more personnel reshuffles in the industry, as can be seen by gl