In brief: Daewoo-FSO debts; PKO BP privatization; flood insurance

Daewoo-FSO spokesperson Krystyna Danilczyk has revealed the scale of the company’s debts. She said that Daewoo-FSO owes $160 million to Polish banks and $700 million to Daewoo Motor Korea. (Rzeczpospolita, p. B3) ... The government has postponed a decision on the privatization of bank PKO BP. The Cabinet Economic Committee (KERM) in mid July accepted a plan for the bank’s privatization. (Puls Biznesu, p. 7) ... The natural disasters that hit Poland in July will cost insurance companies hundreds of millions of zloty. The country’s two largest insurers, PZU and Warta, are estimating that they will have to pay out at least zl.130 million in compensation for flood damage. (Puls Biznesu, p. 6) K.K.