Privatization takes a slower route

A point of increasing concern for Poland and its foreign investors is the extent to which the new government is committed to the rapid pace of privatization that characterized the country's successful early transformation into a market economy.

Beware of biotech

Even after the dot com bubble burst, US investors continued to snap up the IPOs of another group of companies characterized by non-existent profits and total dependence on unproven new technology.

Building Ferraris in Lada land

UniCredito Italiano is expanding fast in the EU accession candidate countries of central and eastern Europe, where it seeks local banks with good management.

Rate cuts prompt a public falling-out

The usually understated tensions between finance ministries and independent central banks have taken on a more vociferous tone in Poland, where finance minister Marek Belka is insistent that the National Bank of Poland is being tardy in cutting interest rates, thus perpetuating a period of economic stagnation.

Mol looks towards a regional role

Hungarian oil and gas company Mol has set its sights on regional expansion and rationalization, with its current programme including bids for Polish companies and an offloading of its domestic gas interests.