The Council of Ministers has adopted a resolution on updating the “Privatisation Plan for the years 2008-2011”. The main objectives of the document are based on the proposals prepared by the Ministry of Treasury and submitted to the Standing Committee of the Council of Ministers on 22 July 2009. The privatisation will help many State Treasury-owned companies to overcome the difficult economic situation resulting from the current economic crisis and enable them to develop on the competitive market.

The privatisation income will considerably support the state budget in the years 2009-2010. The income from the privatisation of key companies during the next 18 months (second half of 2009 and 2010) are to amount to approx. PLN 36.7 billion, with approx. PLN 11.67 billion in the second half of 2009 and approx. PLN 25 billion in 2010.  The update mainly concerns the entities from the financial, power, chemistry and petroleum industries. At the same time, the Council of Ministers has decided that the State Treasury will retain the full control and corporate governance in the key entities: KGHM, Tauron, Lotos and PGE.