LNH Holdings appears to delay its investments in IPS

This is because a majority of the scheduled projects which were to be concluded in 2004 have not even been started yet. Trade unions questioned the Treasury Ministry whether LNM Holdings asked the Ministry to postpone four of the key projects by four years. IPS president Antoni Styrczula denied the information. "We passed a motion from the investor to the Economy Ministry to express its opinion," said Andrzej Król from the Treasury Ministry's press office. Styrczula claims that the changes are necessary, as the plan was prepared for 2003, while the privatization agreement was signed a year later. "We passed the information to Brussels [the government promised that key projects would be concluded by the end of 2006]. We currently see no problem. However, we have asked the investor to speed up his investments," said Krzysztof Dąbrowski from the Economy Ministry. (Puls Biznesu, pp. 1, 4) M.M.