State Treasury won't sell blue chip firms' shares

The Ministry of the State Treasury won't be selling its stakes in the biggest state-owned companies according to Treasury Minister Andrzej Czerwiński. "We are not planning on selling the shares, it would be a mistake taking into account the current world's situation. We do not need to raise money," Czerwiński told the Polish Press Agency. Earlier, Czerwiński speculated that the treasury could offload part of its stakes before the parliamentary elections, scheduled for this October. "The treasury would like to sell shares in PZU, PKO and PGE by the end of the government's term to provide financing for investment projects which are part of Polskie Inwestycje,"  said Czerwiński in the late June.