MF: PLN 976mln from privatization in 2016

The Ministry of Finance published a budget bill for 2016, which assumes that the profit from privatization will increase up to PLN 976 million in 2016, although the estimated amount for this year was PLN 106,65 million. "Similarly to previous years, the greatest profit from privatization will be achieved through the sales of the exchequer equity papers by the Warsaw Stock Exchange," the project reads. The planned sale of 70,3 percent of shares of the property dealer, Polski Holding Nieruchomości S.A. will make 77 percent of the estimated profit in 2016. It is important to notice that the GDP in 2015 is forecasted to be 3,4 percent. The nominal GDP will be at 3,9 percent, as compared to last year's 4,0 percent growth. According to the bill the GDP in 2016, 2017, 2018 and 2019 will equal 3,8 percent, 3,9 percent, 4,0 percent and 3,9 percent respectively.