Treasury is still seeking an adviser for planned privatization of the sugar sector

The Treasury Ministry is calling a second tender for a privatization adviser for the sugar industry. The adviser would assess the feasibility of creating a holding, Polski Cukier, to control the sugar sector, which consists of sugar-beet farmers and sugar mills. Interested parties for the new tender have to file their bids with the Treasury by July 28. Analysts are skeptical of the possibility of a speedy restructuring of the sugar sector as most of the mills are in serious financial difficulties. Any restructuring program would likely have to include substantial layoffs, and for which a lot of money would be required to finance severance packages. (Prawo i Gospodarka, page 5) S.M.