For the time being there is still no agreement between the state and the Dutch firm Eureko in their dispute over the largest domestic insurance company PZU, which means that the company will retain all of its earnings.

On Wednesday the shareholders will take a decision on the planned dividend, but "unless there is an agreement, PZU will not pay out a dividend," said Treasury Minister Aleksander Grad. According to Puls Biznesu sources, recent weeks of negotiations have enabled the parties to move closer, but no breakthrough has been achieved so far and the main issue of control over the insurance company is still in dispute.

According to the daily, Eureko might be willing to give up on a plan to purchase a 21% stake in PZU if it receives compensation and PZU is floated on the bourse. In this case, the main obstacle is the level of compensation and guarantees of carrying out the stipulations of the agreement. Representatives of Eureko as well as representatives of the state were not willing to officially comment on the progress of the talks on Tuesday.

Sources: Rzeczpospolita; Puls Biznesu