In Brief: Orlen CEO candidates; FIO; Minister on Orlen and PGNiG rumors

It is speculated that the front runner is probably Deputy Finance Minister Igor Chalupec or Paweł Gricuk, the head of the Polish branch of JP Morgan Chase. (Parkiet, p. 1) ... The largest Czech electronic brokerage house, FIO, is entering the Polish market. It will offer private as well as institutional customers trade in shares in companies listed on foreign markets, such as the U.S., Germany and the Czech Republic. Next week the company will officially announce details of its strategy. (Parkiet, p. 1) ... Treasury Minister Jacek Socha denied an announcement made by the acting Orlen President Janusz Wiśniewski that the company is planning to acquire shares in Polish Oil and Gas (PGNiG). (Parkiet, p. 4). A.K.