Still no privatization decision in the arms sector, as millions in losses mount

The arms sector, which was meant to have been completely privatized by the year 2001, lost zl. 235.2 million last year, and there is still no decision on how the privatization will be carried out. "There is no chance of keeping [the 2001] deadline. The privatization hopes are fading," said Slawomir Kulakowski, head of the Polish Chamber of Defense Manufacturers. According to him the reason for the delay is that it is not clear whether it is the Economy or the Treasury Ministry, which should be making the privatization decisions. There are five privatization scenarios, ranging from complete sell-off to full ownership by the Treasury. Another problem in the method of privatization is the lack of decision on the Polish army's armament system. Kulakowski also says a decision should be made to consolidate arms companies, particularly in the aviation, armored vehicles and ammunition sectors. According to him, next year it will be too late for such a decision. (Prawo i Gospodarka, page 1, 3) T.J.