In Brief: Zycie going bankrupt?; Tele-Fonika; DTU; PKP fares; Kredyt Bank

According to Gazeta Wyborcza the supervisory board of publisher Dom Wydawniczy Wolne Slowo was to decide on Sunday the future of Zycie. Whatever the outcome, this still means Monday will see no edition of the paper. (Gazeta Wyborcza, Dec. 7-8, p. 30) ... Deputy Sejm Speaker Janusz Wojciechowski has requested the President of the Supreme Board of Inspection (NIK) to investigate Tele-Fonika. He claims that since the company was a protected labor enterprise in the past and received state subsidies, it should return the money after it decided to reduce the number of employees. (Rzeczpospolita, Dec. 7-8, p. B1) ... Pekpol has terminated a contract with the Polish Financial Consortium (PKF) for the purchase of a stake in insurer Towarzystwo Ubezpieczeniowe Daewoo (DTU). Now DTU has only about six months to a year to find an investor, otherwise it may go bankrupt. (Rzeczpospolita, Dec. 7-8, B5) ... PKP Przewozy Regionalne president Tadeusz Matyla announced that in 2003, PKP will raise the prices of fast and local commuter trains and reduce the number of connections if additional subsidies are not found. This year PKP will probably make a zl. 1 billion loss. (Rzeczpospolita, Dec. 7-8, p. B1) ... In 2003, Kredyt Bank, as well as insurers Warta and Warta Vita intend to sell around 300 insurance policies which will make them leaders on the bancassurance market. (Gazeta Wyborcza, Dec. 7-8, p. 32) A.Z.