Ministers consider options for a financial rescue of car-maker Daewoo-FSO

Economy Minister Jacek Piechota said yesterday the government is considering every possibility in order to resolve the financial problems faced by Daewoo-FSO. However, he refused to comment on the suggestion by Treasury Minister Wieslaw Kaczmarek that the troubled car-maker should be offered Treasury-owned shares. On Wednesday Kaczmarek said that in order to save Daewoo-FSO from bankruptcy he was considering a similar solution to that used in rescuing LOT Polish airlines, which was given a package of Treasury-held stock to use as security in raising funds. Kaczmarek explained, "If there is no one interested in starting production at Zeran, we may raise the capital of the company by supplying it with shares from the State Treasury. The funds thus raised can be used to buy the license from Daewoo or from another company for producing a passenger car." (Prawo i Gospodarka, p. 4) P.W.