In Brief: Tele-Fonika Kable; Fiat Finance Polska; TU Compensa; PSE

The management of Tele-Fonika Kable has filed to the Industrial Development Agency (ARP) to include the land formerly occupied by the now defunct cable plant in Ozarow in the Tarnobrzeg Special Economic Zone. (Puls Biznesu, p. 5) ... FIAT Finance Polska (FFP) has announced that by next summer it will be splitting into Fidis Finance Polska, Fidis Leasing Polska and Fidis Faktoring Polska. The owner of all three of these companies will be FIAT Finance Netherlands (Puls Biznesu, p. 8) ... Owners of insurer TU Compensa, HUK Coburg and Wiener Staedtische, have increased the Polish firm's capital by zl. 60 million to zl. 165 million. (Puls Biznesu, p. 8) ... The Polish Grid (PSE) has drafted a report on the problems of long-term energy contracts which were designed in the 1990s to cover the investment costs of the producers. As they are currently a burden on the industry, PSE is considering a $2.7 billion bond issue to raise cash. PSE's board is worried however that the issue may not be successful. The report will be filed for analysis to an inter-ministerial team for the energy market headed by Deputy Economy Minister Marek Kossowski. (Puls Biznesu, p. 7) A.Z.