PLN 2.6bn in privatisation revenues at the end of January
2010-02-08
Gross revenues from privatisation amounted to PLN 2.56bn (approx. €629m) at the end of January, according to data from the Ministry of the Treasury. This represents a little over 10% of the yearly target, which is PLN 25bn (€6.1bn).
The ambitious target is central to the government’s objective to keep public debt below 55% of GDP in the coming years, amid growing fiscal pressures caused by the crisis. It envisages several hundred share sales, including e.g. the initial public offering of PZU, the insurance firm, and PGE, the power group; the sale to industry buyers of two chemical groups, two energy groups, and two lignite mining companies; and the sale of residual stakes (i.e. holdings below 10%) in 77 companies.
The PLN 2.56bn raised in January came mainly from the sale of 10% of shares in KGHM, the copper mining group, and 10.8% of shares in Grupa Lotos, the oil group.
By way of comparison, in 2009 receipts from privatisation totalled PLN 6.97bn (PLN 1.6bn).
internet service providing market news and sector articles
For a broad overview of the market in Poland, Polish market Online is the news service of choice. Covering a wide scope of news, articles and market data pertaining to the Polish economy, approximately 60 news briefs and articles are updated monthly. Archives start from 2003. With full customisation functionality, a personalised newsletter can be tailored to filter for specific topics and an alert sent directly to your e-mail account.
Subscription 1 year
Language: English
Delivery: online access
1 year subscription: (52 issues of weekly news and 12 issues of monthly analyses)
Polish Market Review is an English language information service for business professionals who are investing, managing investments, or marketing products on the Polish market. Having been published since 1995, it has won senior management's recognition in many companies as the most trusted source of business information on the Polish market. Polish Market Review will keep you up to date with the latest information on the overall state of the country’s economy (chiefly through macroeconomic indicators).
Date: Periodic publication
Language: English
Delivery: PDF file
PMRis a British-American company providing market information, advice and services to international businesses interested in Central and Eastern Europe as well as other emerging markets. PMR key areas of operation include business publications (through PMR Publications), consultancy (through PMR Consulting) and market research (through PMR Research). With over fourteen years of experience, high international standards in projects and publications, highly skilled multilingual staff and a wide network of co-operating research companies and market experts, PMR is one of the largest companies of its type in the region.
PMR Online Access
Browse and search in our archive »
Subscribe to PMR RSS NEWS channels » 
