Treasury warms to Eureko after criticism from Ministers

Facing pressure from other members of the Cabinet, Treasury Minister Andrzej Chronowski is easing his stance and looking for a way to resolve the conflict with Eureko, minority shareholder in Powszechny Zaklad Ubezpieczen (PZU). Earlier this week the Treasury filed a lawsuit to void the PZU privatization agreement, claiming that Eureko had stated false intentions. However, Economy Minister Janusz Steinhoff and Finance Minister Jaroslaw Bauc both indicated that they cannot imagine the possibility of annulling the deal. Yesterday deputy Treasury Minister Aldona Kamela-Sowinska said explicitly that the Ministry could withdraw its lawsuit if it reaches an agreement with Eureko. Compromise with Eureko would likely mean reinstatement of dismissed PZU and PZU Zycie heads, Jerzy Zdrzalka and Grzegorz Wieczerzak, respectively. However, Eureko says it has not yet received an invitation to the negotiating table from the Ministry. (Puls Biznesu, p.6)