ZUS to sell receivables for zl. 2 billion next year: will it take a miracle?

The Social Insurance Company (ZUS) did not include in its financial plans the zl.2 billion it is supposed to obtain from the sale of some of its receivables according to next year's budget draft. A ZUS executive said that it would take a miracle for ZUS to get zl.2 billion from this procedure next year. He pointed out that the law which would enable it to do so is not even ready yet. Finance Minister Jaroslaw Bauc admits that work on appropriate regulations is being delayed. The Ministry, together with the European Bank for Reconstruction and Development (EBRD), is working on selecting an advisor who would come up with a detailed plan of the procedure by next April at the earliest. Krzysztof Rybinski, chief economist at ING Barings, claims that it is possible for everything to go according to Bauc's schedule, but it would require great efficiency and cooperation from officials in various ministries. ZUS says that the total value of its receivables plus interest amounts to zl.19 billion. (Puls Biznesu, p.8, Zycie, p.8)