Energy firms and bourse to float

"The partial privatization of energy companies via the bourse [will happen next year]," Chyczewski told Radio PiN. Similar plans for this year were mooted by the former Law and Justice-led government, but came to nothing.

The bourse is also expected to float next year. "It's already assumed that in 2008 we will see the bourse debut of the Warsaw Stock Exchange," said Chyczewski. The Treasury intends to retain a controlling stake in the bourse. It will offer shares to institutional investors in two tranches.

The Treasury may exclude foreign investors from buying shares in the bourse but a final decision is yet to be made.

"[The offer will probably be for] domestic investors - domestic, not branch," the Deputy Treasury Minister said.