Cabinet Economic Committee approves gov’t privatization plans for 2000

According to the plans of the Treasury Ministry, the privatization of the largest retail bank in Poland PKO BP will take place at the turn of the century. At the same time, the Treasury Ministry will also transform 130 state-owned companies into joint stock companies in an effort to make their capital privatization possible. In 2000, the privatization of Polish telecom Telekomunikacja Polska (TPSA) and LOT Polish Airlines as well as the whole steel industry will continue. The most crucial changes in the latter one will be the sale of the steel mills Huta Katowice S.A., Huta Sendzimira S.A., Cedlera and Floriana. (Prawo i Gospodarka, page 1, Reuters)