In Brief: Era GSM; Echo Investment mall; Grupa Cardif Polska; Ivax issue

Era GSM has inaugurated the launch of UMTS third generation mobile phone telephony on 1,000 chosen clients in Warsaw and surrounding area. PKO BP, Coca-Cola and Softbank are among some of those participating but the first thousand also includes a number of individuals. (Puls Biznesu, p. 11) ... On Wednesday Echo Investment signed a notary act concerning the purchase of a 2.8 ha plot in Wrocław for zł.45 million. The company will construct a zł.300 million shopping mall in the area and set aside an additional sum to improve the surrounding area. (Parkiet, p. 4) ... Insurance company Grupa Cardif Polska has posted zł.10.2 million net profit and collected zł.144 million in premiums in the first half of the year. The firm specializes in selling insurance products as part of a bank product. (Parkiet, p. 7) ... The issue prospectus of American pharmaceutical company Ivax should reach Securities and Stock Exchange Commission next week. The company will use its shares to pay for the stock in the domestic Polfa Kutno business. The process has been delayed by numerous Polish and foreign procedures. (Puls Biznesu, pp. 1, 10) M.M.