Polish Post to be transformed into treasury company
The Polish Post will be transformed into a State Treasury company under the name “Polish Post Joint Stock Company”. On March 27 the government adopted a draft law on the commercialisation of a state public utility enterprise Polish Post, the Government Information centre reported.
Commercialisation is planned as the first stage of ownership changes in the enterprise.
The company will be able to get ready for competition on a free market of postal services, planned to open in 2009.
Under the draft, the company will take over all rights and duties of the former state enterprise and will have the exclusive right to use the name “post” and a registered trademark.
The new company will be fully owned by the State Treasury. The Transport Minister will be responsible for Polish Post commercialisation and appointment of the first supervisory council, to be composed of five members.
