Published: January 13, 2010
Treasury raised almost PLN7bn through deals in 2009.
Poland’s Ministry of Treasury has confirmed that it raised PLN6.97bn (€.7bn) through privatisations during 2009 – some way from the PLN36.7bn it expects to raise by the end of 2010.
In a summary of its proceeds from 2009, published today, the treasury said it had agreed 105 privatisation deals over the course of the year, including State-owned coal producer Lubelski Wegiel Bogdanka.
The treasury’s report noted that its advisers on the privatisation programme had recommended key projects were put on hold in the face of the global financial crisis. Nonetheless, it added that the privatisation policy would continue, “although not at all costs”, and that “privatisation is a better response to the crisis than nationalisation or raising taxes”.
Privatisations still in the pipeline include the sale of the Warsaw Stock Exchange, which had been expected late in 2009 but which is now scheduled for this year.