NIK says for the past few years privatization has been mishandled

The Supreme Chamber of Control (NIK) told the press that the State Treasury is making mistakes in selling state-owned companies, which resulted in the fact that the budget only received 40% of the planned 2003 privatization revenues. NIK went on to say that this has been the situation for the past last few years. In 2003 the privatization of six companies was commenced. An inspection of three of them revealed that two of the firms were sold unfavorably for the state and the enterprise itself. NIK believes that the Treasury should sack the three directors who were responsible for this. It also stressed that over zł.7 million from the privatized companies were spent on administration and in this way the minister violated financial discipline. (Rzeczpospolita, p. B3) M.M.