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The Warsaw Voice » Business » May 7, 2008
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Corporate news
May 7, 2008   
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GTC Invests in St. Petersburg
GTC Russia, a subsidiary of Globe Trade Centre, will buy a 50-percent stake in an office project in St. Petersburg's Vyborgsky district. The deal, which is to be finalized at the end of May, is worth 26.8 million euros. The project is expected to generate around 53 million euros in revenue a year from space rental. Globe Trade Centre holds a 95-percent stake in GTC Russia. Last year, the GTC group posted a profit of zl.845.9 million, up from zl.783.4 million in 2006.

ABG, Integrit to Supply School Computers
A consortium of information technology companies ABG and Integrit will deliver 884 computer labs to Polish schools under a zl.42.7-million contract with the education ministry. The consortium is expected to supply, install and integrate the equipment and provide warranty service for 36 months after the delivery. Last year, the ABG Spin group earned zl.31 million in profit, compared with zl.24.2 million in 2006. Its sales were zl.459.2 million and zl.274.9 million respectively.

Pfleiderer Invests in Russia
Pfleiderer MDF OOO, a subsidiary of Pfleiderer Grajewo, has signed a zl.91.4-million contract with Alpine Mayreder for the construction of a new plant in Novgorod, Russia, to manufacture MDF and HDF boards. In February, Pfleiderer Grajewo announced a plan to invest more than 70 million euros to build another MDF plant in Russia, close to the Pfleiderer MDF OOO factory. Pfleiderer Grajewo will have a 50-percent stake in the plant, and the remaining stock will be held by Pfleiderer AG.

TP Talks Telemedicine
Telekomunikacja Polska is preparing to enter the telemedicine market, or the provision of health services with the use of information and communications technology. The Polish telecom operator expects these projects to turn a profit in 2008 and 2009. The operator sees great potential for expansion on the Polish health care market, which is valued at zl.70 billion. Population aging, a growing number of diseases and technological advances are among the factors that have encouraged Telekomunikacja Polska to take an interest in this market segment. The company hopes to use the experience of France Telecom in providing telemedicine services.

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