Changes in PZU deal could cost millions of euros

This would mean the Polish government or another domestic financial institution paying out compensation for changing the conditions of the 2001 privatization deal, according to Parkiet sources. "At the end of the week an arbitration panel will meet to resolve the conflict between Eureko and the State Treasury," said Treasury Minister Jacek Socha. If Poland loses the case, then compensation could cost the government several hundred million euros. Even if it wins the case, the privatization agreement will still be in power. Minister Socha pointed out that usually the panel decides that investors are in the right, but a decision might be made until the end of the year. (Parkiet, p. 3) M.M.