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ViewpointSeptember 28 2010

An island of value in stormy times

Poland's treasury minister is confident that the country can meet ambitious privatisation targets despite adverse capital market conditions. Interview by Philip Alexander.
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An island of value in stormy timesAleksander Grad, treasury minister, Poland

In any other country, Poland's privatisation plan might sound unrealistic. The government aims to raise 10bn to 15bn zlotys ($3.3bn to $5bn) in 2011, a further 10bn zlotys in 2012, and 5bn zlotys in 2013 from privatisation.

After the current Civic Platform-led administration was elected in late 2007, about 800 companies were slated for privatisation, of which as many as 300 have already been sold and 400 are under active preparation. And treasury minister Aleksander Grad was half-way to achieving his target of 25bn zlotys of privatisation in 2010 by September.

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