In Brief: TPSA bad November bills; Citibank; Pension fund profits; PKN Orlen
TPSA has sent its subscribers miscalculated bills for November 2002. This is due to a change in TPSA's billing system. (Rzeczpospolita, Jan. 4-5, p. B2) ... Citibank president Cezary Stypulkowski will leave his post with the end of his tenure in the spring. According to unofficial information Stypulkowski, for several months, has been signalling that he is tired of the current competitive relations inside the bank. (Puls Biznesu, p. 3) ... According to Rzeczpospolita estimations, the average profitability of investments made by pension funds over the last 24 months equaled 21.96%. (Rzeczpospolita, Jan. 4-5, p. B1) ... On December 31, PKN Orlen signed contracts for fuel supplies for 2003. The biggest was signed with British Petroleum Polska, which will be supplied with petrol worth zl. 1.4 billion gross and with diesel worth zl. 681 million gross. (Puls Biznesu, p. 8) K.Z./A.Z.