Poland Banks On Privatization For Budget Needs.

BUSINESS WEEK/ Long, detailed report/
Much of Poland's economy has already been privatized. The telecom monopoly TPSA was sold to France Telecom and a handful of foreign banks have controlling stakes in the main Polish commercial banks, except PKO Bank Polski. Poland also lists many companies on the Warsaw Stock Exchange, including its crude oil refineries and natural gas distributor, but holds a majority stakes in them.
The plan for 2009 and 2010 is to sell most of the chemical-fertilizer sector, electricity utilities, a big stake in the country's copper miner KGHM as well as the Warsaw Stock Exchange itself. The Treasury want to raise 12 billion zlotys (2.9 billion euros) this year and 25 billion zlotys in 2010 from the sales.