Poland to consolidate food sector companies

Treasury Minister Dawid Jackiewicz told public broadcaster TVP1 that Poland plans to consolidate around 80 food sector state-owned companies into one holding, expecting it will bring several hundred million złoty savings on joint purchases. "Setting up a large holding will result in several hundred million złotys in annual savings, in reduced spending on red tape in many companies by creating a single decision-making center," Jackiewicz said. The minister said that the companies involved include sugar producer Krajowa Spolka Cukrowa, firms dealing with storage of foodstuff inventories, and food processors.