PKO sell-off crucial as new state stats show privatization process losing pace

The latest Treasury Ministry statistics have revealed a slowdown in the privatization process, with sell-offs between January and the end of May bringing in around zł.277 billion, just 15% of the estimated income for the entire year. Professor Stanisław Gomułka of the London School of Economics claimed that this is mainly the result of the political chaos in the country. According to Gomułka, this year's privatization plans rely on the government selling a 30% share of PKO BP, as this would generate an estimated income of zł.5 billion, which would account for a fair whack of the total planned privatization income of zł.8.8 billion for the year as a whole. (www.wp.pl) M.G.