Grad's privatization goals

Aleksander Grad, the Treasury Minister, announced that the 2009 budget will be realized bringing in zł.12 billion in revenue, due to privatization. Grad said that the privatization process should not be delayed because of worsening economic situations. "Companies need money for investments and require change in management system. We're not going to wait until the situation improves," he said.

Department of Treasury wants to privatize about 200 companies in 2009, among them Enea, which is to be entirely privatized. However, Enea will be sold to strategic investors, as it's unlikely that its shares will get to the stock, according to Grad.

Source: PAP