Treasury urged to name Polmos Białystok investor

The first investor has been rejected by both the trade unions and the management of the state-owned spirits maker who fear the firm is unable to pay the amount of money it has quoted. Last week the Ministry was negotiating with CEDC and as a result Jacek Socha, Treasury Minister, declared that by Monday he would make a decision concerning the future privatization of Polmos Białystok. Analysts suggest that the Ministry will continue talks with CEDC. "Trade unions and company's management support CEDC. The firm has been cooperating with Polmos Białystok for years and thus choice of CEDC might be beneficial for Polmos. The worst thing to do would be to delay the admission of a strategic investor," said Bogna Sikorska, analyst with BGŻ. (Puls Biznesu, pp. 1, 6, 7) M.M.