Poczta Polska: First Commercialisation and Then Debut

The government has been working on a change in the regulations regarding the commercialisation of Poczta Polska (PP), a state-controlled postal service. Under the government proposal, it is to become a commercial company this year and in the following one enter the stock exchange. Currently, PP is a public entity which cannot issue bonds secured with its own assets, even though it needs some ZL4bn for investment and restructuring. The government explained that commercialisation will make easier for the PP to incur loans and find funds for investment. According to Tadeusz Bartkowiak, the Post’s general director, the amended regulations should be passed by this Sejm as soon as possible. A year after the commercialisation at the latest, says Bartkowiak, the PP is scheduled to make a stock exchange debut, with the issue of shares unlikely to take place before 2007.