Power privatization

The new government, led by economically liberal Civic Platform (PO), wants to hasten privatization in order to raise revenues and limit political influence over state-controlled companies.

"There is advanced works on [the privatization of ] PGE and ENEA," Deputy Treasury Minister Jan Bury told reporters. "There's a 90-percent chance it will be the bourse," he added.

"First it will be a new share issue of between 10 to 15 percent. Our intentions are for this to happen next year and rather the end of it," he explained.

Treasury Minister Aleksander Grad also said that the state planned to follow up the new share issues with a sale of the Treasury's shares in the power groups. (Reuters)