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News Parkiet
29.04.2004,

Banking

Citibank benefits from contracts

with Bank Handlowy

Citibank Polish unit Bank Handlowy admitted on Tuesday it paid 5.4 million dollars between January and April for the use of consulting, legal, accounting and IT services of its parent company and other Citi subsidiaries around the world. Handlowy, which is 90 percent owned by Citibank also said it extended contracts with other Citibank subsidiaries. The fees represent over a quarter of Handlowy?s last year earnings. At least one independent analyst, WSE director Raimondo Eggink says Handlowy should provide more information about Citibank services.

Petrochemicals

PKN?s bid for Unipetrol approved

by Czech government

PKN Orlen refinery won approval from the Czech government for its $476 million offer to buy 63 percent stake in Unipetrol, Czech...


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