Kolodko's anti-crisis program laws to receive express reading in Sejm

The government has prepared three bills for Finance Minister Grzegorz Kolodko's anti-crisis program. The Sejm speaker agreed to allow the bills to have their first reading on Friday, so that they may be voted on in September. The first bill will enable businesses to restructure their liabilities provided they submit information on financial situation of the company and present a restructuring plan to the relevant authorities. According to the second bill, companies which create new jobs will be allowed to postpone tax payment for up to a year and then pay it back without interest over a period of five years. The third bill creates financial incentives for banks in return for offering loans to viable companies with that need bailing out. (Prawo i Gospodarka, p. 7) K.S.