Polish Post planning to develop joint-stock company

Polish Post is aiming to develop into a joint-stock company by the first half of next year. “We are trying to change our company’s status from a public utility enterprise to a joint-stock company,” said PP’s executive director Tadeusz Bartkowiak during a Sejm Infrastructure Committee meeting. “We want the change to occur as soon as possible and we are hoping that the Sejm will be able to work on the issue in the first half of 2005,” he added. The board of directors has accepted the proposal and it is now due to be discussed by the Post Council, which meets on November 23-24. “After receiving the Council’s opinion we want to take our idea to the government,” said Bartkowiak. He commented that it is possible for PP to be privatized in the future if it will help the company’s growth. Barktowiak underlined, however, that all final decisions regarding PP will be made by the government and the Sejm.