Engineering
Mostostal bogged down in Ursynów project
Mostostal Export construction group could pay as much as 18 million zloty in penalties because of the delays in a contract with local authorities in Warsaw. The firm has agreed to build an 18-million zloty civic arena in Ursynów district of Warsaw in early 2002. However, the project is already seven months late and because of the wording in the original contract Mostostal is supposed to pay 90.000 zloty a day until the project is actually finished. City officials admit the site wasn?t ready for months and say they might be willing to limit the penalty to PLN 1.8 million.
Accounting
Polish firms unprepared for IAS reporting
Few Polish firms listed on the Warsaw bourse are prepared for new IAS reporting rules that will be adopted next year, PricewaterhouseCoopers...