The Treasury's cure for spas includes bourse flotation

"For the time being I can only say that an intra-departmental team will be set up and it will prepare a project to be presented to the Council," said Deputy Treasury Minister Paweł Piotrowski. Later this year the Ministry wants to hold a tender for five of the spas from one of the groups. The second group will consist of eight spas, which will be treated in a special way due to the natural resources at their disposal. The leader of this group will be the Konstancin spa. "Spas should be interesting for, among others, insurance companies. A separate issue is the financial condition of these [spas]," said Wojciech Szymon Kowalski, an independent analyst. He believes that due to the fact that each of them is in a different financial condition, they should first go through organic development, post good results and only then be floated. The Treasury Ministry is also considering selling stakes of up to 49% in the spas to investors. (Puls Biznesu, pp. 1, 4) M.M.