Overhead trains' schedule for journey to a Warsaw Stock Exchange listing

National Overhead Trains (PKL) is to become a limited-liability company within a few days. Shortly afterwards, it will be transformed into a joint-stock company. And by 2002 it is to be listed on the Warsaw Stock Exchange (WSE). "This is the best way for our company to get funds for future development," said interim president of PKL Jerzy Laszczyk. By 2003, PKL plans to spend up to zl. 70 million on modernization. About zl. 50 million, will be spend on renovation of the cable car going to Kasprowy Wierch, so more passengers can be transported in a shorter period of time. Currently, PKL employs 170 people and last year made a gross profit of zl. 4.2 million on revenue of zl. 16 million to zl. 17 million. (Prawo i Gospodarka, page 5) M.M. Unexpected management board changes in pipeline at Polish Oil and Gas The supervisory board of Polish Oil and Gas (PGNiG) has dismissed the president of the company Stefan Geron as well as deputies Andrzej Brach and Anatol Tkacz. The new president is Andrzej Lipko, a former deputy, and the new deputies are Boguslaw Marc and Piotr Wozniak. "I do not know the reason for the dismissals. Nobody from the State Treasury or the Economy Ministry has ever discussed the matter with me," said the ousted president. Geron became president in April 1999 and has been leading restructuring of the company. This year he was to divide PGNiG into five partnerships, which would then be privatized. The company has to be divided to meet European Union (EU) standards, which force monopolists to create competition in the oil market. PGNiG has been a joint-stock partnership since 1996 and is fully owned by the State Treasury. (Prawo i Gospodarka, page 2) M.M.