State Treasury decides to privatise last Polmos companies, who will buy them?

However, finding an investor for them may be difficult. There were eight Polmos companies in state hands. Half of them already have privatization advisors. The State Treasury has not known what to do with the remaining four - from Szczecin, Sieradz, Łódż and Warsaw. At one point they were on the verge of bankruptcy but now the privatization ministry wants to try and save them. The hardest to sell will be the companies from Łódż, Sieradz and Warsaw. It is this last company that is in the worst financial condition. "Mistakes made by the previous management and the poor situation on the market has meant that the last year was a bad one for us," said Bogumiła Roziewicz, administration director from Koneser - Warsaw. "The balance sheet has not been finalized yet so I can't give any details but we have prepared a repair program which the ministry is accepting right at this moment'" she went on to say. (Parkiet, p. 6) S.D.