Privatization revenues likely to be 20% above expectations at zł.10.5 billion

The government is currently preparing several projects to be executed through the Warsaw Stock Exchange next year. The largest privatizations planned for 2005 include Polmos Białystok, Enea, Elektrownia Kozienice, Grupa Lotos, Puławy Nitrogen Plants, PGNiG and Ciech. The budget bill for next year assumes that sales of state owned companies will raise about zł.5.7 billion. According to estimates, this year's privatization revenues will amount to zł.10.5 billion as compared to the planned zł.8.8 billion. The State Treasury will receive zł.7.6 billion thanks to the sale of PKO BP, which is around zł.1.6 billion more than planned thanks to the enlargement of the offer. (Parkiet, p. 1) A.K.