In Brief: Elektrim investments; Insurance assets; Zloty loans; NFI buy bonds

Telecommunications conglomerate Elektrim S.A. will invest an estimated zl. 120 million in infrastructure for its fixed-line phone affiliate El-Net, its cable television network Aster City and mobile phone operator Polska Telefonia Cyfrowa (PTC). (Prawo i Gospodarka, page 4) ... Elektrim S.A. is rumored to be about to sell its stakes in its financially troubled cable maker Elektrim Kable. (Parkiet, page 6) ... According to a ranking of insurance companies published by the daily Prawo i Gospodarka, Polish insurers have joint assets of zl. 28.6 billion or 40% more than they had in 1998. (Prawo i Gospodarka, page 1) ... Despite the favorable interest rates charged on car loans sought in foreign currency from Polish banks, Poles would rather borrow in zloty because of their fear of exchange rate instability. (Prawo i Gospodarka, page 1, 10) ... National Investment Funds (NFI) have jointly invested zl. 500 million in debt instruments, mostly bonds. (Parkiet, page 7) S.M.