Treasury keeps crown jewels of business

06-03-2008, 15:17

Warsaw (Puls Biznesu) - Aleksander Grad, Minister of the Treasury, prepared the list of companies which will not be  offered to investors in the upcoming four years. The untouchables include fuel giants PKN Orlen and Grupa Lotos, copper producer KGHM and a dozen other companies. Fortunately, hundreds of others will be sold. The Polish state may raise up to PLN 28 billion (EUR 7.9bn) within four years in the privatization campaign.

Economists ask why there are so many companies the minister wants to stay state-owned enterprises. There are also the Polish Radio and the Polish Television, Gaz-System, PSE Operator, OLPP, PERN, Lasy Panstwowe.

“In the USA nothing is state-owned and it’s ok. Let’s say that because Europe and Poland are different, the governments want to keep control over some companies. PERN and OLPP, or infrastructure companies may be a good example. But why does a state need a television?”, Robert Gwiazdowski, Adam Smith Center think-tank head said.

“There are no reasons for the state to keep any influence in companies like KGHM or PKO BP”, Jeremi Mordasewicz, expert of the Polish Confederation of Private Employers added.
 

(PLN 1 = EUR 0.282)

 

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Inne / Treasury keeps crown jewels of business