In Brief: UPC closes Atomic TV; BOS; KSS mine; Olechowski for Citibank?
UPC, the biggest cable TV operator, which is trying to keep afloat has decided to shut down Atomic TV and says deeper restructuring is on the way as other channels may also disappear from their offer. (Puls Biznesu, p. 6) ... Environmental bank BOS has decided to call in a loan from the Huta Ferrum steel works. They have requested that the mill pay to back zl. 8.8 million within 30 days. The steel producer says it will try to look for a compromise with the bank. (Puls Biznesu, p. 7) ... Investors interested in the purchase of Zlotoryja-based Kopalnia Surowcow Skalnych (KSS) mine have to make up their mind before the January 10 deadline. The mine produces basalt used in highway construction (Puls Biznesu, p.8) ... Politicians Andrzej Olechowski and Infrastructure Deputy Minister Sergiusz Najar are tipped as the leading candidates to succeed the president of Citibank who will resign when his present tenure comes to an end in the spring. (Parkiet, p. 3) ... A 10-year prison sentence is looming over the manager of Polska Zegluga Baltycka, Andrzej G. This is due to the fact caused the company a zl. 70 million loss due to a transaction involving an over-priced "Boomerang" ferry back in 1997. (Puls Biznesu, p. 9) A.C./J.K.