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Traditional feast held in city center for haves and have ... - Krakow Post

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DECEMBER 20-JANUARY 9, 2008 B U S I N E S S<br />

The <strong>Krakow</strong> <strong>Post</strong> 9<br />

Two local banks merge<br />

GDFL 1.2.:Piotr Brichacek<br />

Russia, Ukra<strong>in</strong>e<br />

sell<strong>in</strong>g cheaper<br />

coal <strong>in</strong> Pol<strong>and</strong><br />

Grazyna Zawada<br />

Staff Journalist<br />

Two major Polish banks, Pekao S.A. <strong>and</strong><br />

BPH S.A., <strong>have</strong> merged to <strong>for</strong>m the biggest<br />

bank <strong>in</strong> Pol<strong>and</strong> <strong>and</strong> <strong>in</strong> this part of Europe.<br />

The new bank, also called Pekao S.A.<br />

<strong>and</strong> <strong>for</strong>mally created on Dec. 1, has assets<br />

of about 120 bln zloty.<br />

The value of the whole transaction is put<br />

at 625.5 mln euro.<br />

The entire merger process is to be completed<br />

<strong>in</strong> the first quarter of 2008. Prior to<br />

the merger, BPH S.A. was divided <strong>in</strong>to two<br />

parts. The larger portion – consist<strong>in</strong>g of 1.5<br />

mln bank accounts, 285 bank<strong>in</strong>g branches,<br />

more than 300 partner agencies <strong>and</strong> more<br />

than 600 cash mach<strong>in</strong>es – was acquired by<br />

Pekao S.A.<br />

The rema<strong>in</strong><strong>in</strong>g part of BPH S.A – namely<br />

650,000 customers, 200 branches, a<br />

Market<strong>in</strong>g & Sales<br />

Enthusiasts!!!<br />

You are wanted!<br />

We are currently look<strong>in</strong>g <strong>for</strong><br />

people to jo<strong>in</strong> our Market<strong>in</strong>g<br />

& Sales team.<br />

Successful applicants will:<br />

- enjoy the art of sell<strong>in</strong>g <strong>and</strong><br />

meet<strong>in</strong>g new people<br />

- <strong>have</strong> a m<strong>in</strong>imum of<br />

one year of sales experience<br />

- be communicative <strong>and</strong><br />

flexible with a<br />

non-09:00-17:00 mentality<br />

If you are <strong>in</strong>terested,<br />

please write to us:<br />

jargonmedia@gmail.com<br />

br<strong>and</strong>, <strong>and</strong> <strong>in</strong>vestment funds outside Pekao<br />

S.A. – exists now as a m<strong>in</strong>or bank <strong>and</strong> is<br />

scheduled to merge with American GE<br />

Money group next year. The new, larger<br />

Pekao S.A is now governed from Vienna,<br />

as it belongs to HVB <strong>and</strong> UniCredit group,<br />

an Austrian-Italian bank<strong>in</strong>g group, but it<br />

seems that BPH S.A. is the bank with better<br />

results <strong>in</strong> acquir<strong>in</strong>g clients, sales dynamics<br />

<strong>and</strong> overall f<strong>in</strong>ancial results.<br />

Accord<strong>in</strong>g to data from the last three<br />

weeks, only 3,000 customers decided to<br />

close their accounts <strong>in</strong> BPH S.A. because<br />

they were unhappy with the merger. Employees<br />

of BPH were neither to encourage<br />

nor to discourage clients from chang<strong>in</strong>g<br />

banks, <strong>and</strong> all of the employees were<br />

tra<strong>in</strong>ed to <strong>in</strong>troduce the Pekao proposal to<br />

customers even be<strong>for</strong>e the merger.<br />

Jan Bielecki, the president of Pekao<br />

S.A., said that under one common emblem,<br />

MINI<br />

VACANCY<br />

MINI<br />

VACANCY<br />

Native English Teacher<br />

A school of English <strong>in</strong><br />

<strong>Krakow</strong> is look<strong>in</strong>g <strong>for</strong> a<br />

native English teacher.<br />

The position is available<br />

immediately <strong>for</strong> a period of<br />

one year.<br />

The <strong>in</strong>dividual should be<br />

enthusiastic <strong>and</strong> creative,<br />

possession of a recognized<br />

teach<strong>in</strong>g qualification<br />

(CELTA/TEFL) <strong>and</strong> some<br />

relevant previous experience<br />

<strong>in</strong> work with groups is<br />

required.<br />

If you are <strong>in</strong>terested <strong>in</strong><br />

this vacancy or would like<br />

further <strong>in</strong><strong>for</strong>mation please<br />

do not hesitate to send<br />

your CV.<br />

eng_schoolkrakow@<br />

yahoo.com<br />

Place a job offer here!<br />

jargonmedia@gmail.com<br />

Helper/Au-Pair<br />

We are look<strong>in</strong>g <strong>for</strong> a<br />

Helper/Au-Pair. Native<br />

English speaker<br />

preferred.<br />

aupair152krakow@<br />

yahoo.com<br />

Place a job offer here!<br />

jargonmedia@gmail.com<br />

RESUME<br />

Pekao S.A. now operates a bank that has<br />

more than 5 mln retail clients, more than<br />

300,000 bus<strong>in</strong>ess clients <strong>and</strong> more than<br />

15,500 corporate clients.<br />

The process of transferr<strong>in</strong>g all these customers<br />

<strong>in</strong>to a new <strong>in</strong><strong>for</strong>mation technology<br />

system will beg<strong>in</strong> <strong>in</strong> January.<br />

Vice President of Pekao S.A, Luigi<br />

Lovaglio, po<strong>in</strong>ted out that UniCredit is<br />

one of the three biggest bank<strong>in</strong>g groups <strong>in</strong><br />

Europe. The new Pekao S.A. has the biggest<br />

market capitalization <strong>in</strong> the region,<br />

17.8 mln euro; the biggest fund value,<br />

120.5 bln zloty, <strong>and</strong> a total of 68 bln zloty<br />

<strong>in</strong> loans. Lovaglio added that the new<br />

Pekao S.A. is prepar<strong>in</strong>g market<strong>in</strong>g plans<br />

<strong>for</strong> clients, tailor<strong>in</strong>g them to particular regions.<br />

It is planned that new mortgage <strong>and</strong> retail<br />

loan offers will be presented <strong>in</strong> the first<br />

quarter of the new year.<br />

MINI<br />

RESUME<br />

MINI<br />

Top Management<br />

M 31, University degree <strong>in</strong><br />

eng<strong>in</strong>eer<strong>in</strong>g, 6 years<br />

of top management<br />

experience <strong>in</strong> lead<strong>in</strong>g<br />

companies <strong>in</strong> <strong>in</strong>dustrial cool<strong>in</strong>g,<br />

refrigerat<strong>in</strong>g sector.<br />

Project management. Negotiations.<br />

Prepare<br />

technical solutions. Full scope<br />

of technical<br />

support: pre-plann<strong>in</strong>g. PC.<br />

Contact: jerrybarrows@<br />

yahoo.com<br />

Place a career resume here!<br />

jargonmedia@gmail.com<br />

Bus<strong>in</strong>ess/Personal Assistant<br />

Talented, experienced lady is<br />

look<strong>in</strong>g <strong>for</strong> a job of<br />

Bus<strong>in</strong>ess/Personal Assistant<br />

(full- or part-time)<br />

Degree <strong>in</strong> Philology, 10 years<br />

experience <strong>in</strong> Western<br />

companies. Very<br />

responsible, goal<br />

excellent organizational <strong>and</strong><br />

<strong>in</strong>terpersonal skills.<br />

Please contact me at:<br />

hiopole@mail.ru<br />

Place a career resume here!<br />

jargonmedia@gmail.com<br />

the krakow post<br />

Although coal m<strong>in</strong><strong>in</strong>g is one of<br />

Pol<strong>and</strong>’s major <strong>in</strong>dustries, Russia <strong>and</strong><br />

Ukra<strong>in</strong>e <strong>have</strong> begun sell<strong>in</strong>g coal <strong>in</strong> this<br />

country.<br />

Coal from those countries is cheaper,<br />

<strong>and</strong> it also has lower sulfur content, so it<br />

burns cleaner. The price break that Polish<br />

coal consumers are gett<strong>in</strong>g now is<br />

likely to dry up, however, some Polish<br />

coal operators predict.<br />

The Russians <strong>and</strong> Ukra<strong>in</strong>ians plan<br />

to make an all-out market<strong>in</strong>g assault<br />

on Pol<strong>and</strong>’s coal-burn<strong>in</strong>g power plants<br />

soon.<br />

Russian <strong>and</strong> Ukra<strong>in</strong>ian coal is extracted<br />

at a lower depth than <strong>in</strong> Pol<strong>and</strong>,<br />

mak<strong>in</strong>g it less expensive.<br />

The daily newspaper Rzeczpospolita<br />

said many Polish clients are sign<strong>in</strong>g up<br />

<strong>for</strong> coal from the east because of the<br />

lower price.<br />

“For me, price is the most important<br />

th<strong>in</strong>g, so I would prefer Russian coal,”<br />

said Jan<strong>in</strong>a Garbowska, who uses coal<br />

to heat her house <strong>in</strong> Podkarpacie <strong>in</strong><br />

southeast Pol<strong>and</strong>. “However, <strong>in</strong> the area<br />

where I live, we <strong>have</strong> access only to<br />

Polish coal.”<br />

Andrzej Pawlaszek, director of the<br />

government-owned coal m<strong>in</strong><strong>in</strong>g operation<br />

<strong>in</strong> Silesia, said he doesn’t believe<br />

Polish power plants will use Russian<br />

coal. With 16 m<strong>in</strong>es, the Silesia operation<br />

is Europe’s largest.<br />

Although Russian coal companies’<br />

extraction costs are lower than Polish<br />

companies, the Russians will <strong>have</strong><br />

to add transportation <strong>and</strong> safety costs,<br />

Pawleszek said. That means that “soon<br />

their costs will rise,” he said.<br />

But the Russians are sure to try to<br />

grab the lucrative power-plant bus<strong>in</strong>ess.<br />

In September, the Siberian Coal Energy<br />

Company set up a subsidiary <strong>in</strong> Pol<strong>and</strong>.<br />

It is Russia’s largest producer <strong>and</strong> one<br />

of the 10 biggest <strong>in</strong> the world.<br />

The company plans to deliver about<br />

one million tons of coal <strong>in</strong> Pol<strong>and</strong> over<br />

the next year.<br />

So far, it has used Polish agents <strong>for</strong><br />

its sales. But <strong>in</strong> the beg<strong>in</strong>n<strong>in</strong>g of 2008,<br />

it plans to sell the coal directly.<br />

The company has affiliates or subsidiaries<br />

<strong>in</strong> Krasnoyarsk, Primorsky,<br />

Khabarovsk, Irkutsk, Chita, Kemerovo,<br />

Buryatia <strong>and</strong> Khakassia.<br />

In 2005, its stock value made the<br />

company worth $1.9 bln.

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