Legendary publishing house saved from liquidation
13:31
The minister of the State Treasury has overruled the decision to liquidate Państwowy Instytut Wydawniczy (PIW) that will be converted into a state-controlled cultural institute, the ministry said in a statement.
PIW was put into liquidation in 2012, because of financial difficulties. After Maciej Szudek, the company's liquidator, sold two storeys at a building owned by PIW for PLN 6.3 million, the publishing house paid off its debts.
According to the schedule, the process may be finalized by March 31, 2016.
PIW was established in 1946. One of its more popular literary series, published since 1968, Współczesna Proza (Contemporary Prose), includes award-winning novels in translation by writers such as Umberto Eco, Gabriel Garcia Marquez, Vladimir Nabokov, Isaac Bashevis Singer, Kurt Vonnegut and Günter Grass.
