Hi

It was announced today that Poland plans to privatise hundreds of businesses. There are plans to sell off 740 companies within 4 years. The sell-off is expected to reduce the stake of Poland’s government-owned companies from 20% of GDP to no more than 10%.

19 companies including LOT Polish Airlines and power generating companies will be sold through the stock market.

The plans to privatise hundreds of businesses will halve the state-owned sector’s contribution to the economy and give a shot in the arm to the Warsaw stock market.

This will be a huge boost to FDI into the country also. It is expected to bring in about 30 billion PLN (€13bn) over four years.

Noreen