Poland's Treasury Ministry may consider transferring extra money to the state investment program Polish Investments. Treasury Minister Mikołaj Budzanowski said that if the projects in the program turn out to be attractive, the ministry may consider providing “several billion zloty” in extra financing to bank BGK and the SPV that will run the program. To do so, the Treasury could sell further share packages in listed companies that it co-owns.

The SPV should be up and running at the beginning of Q2. It has recently appointed Mariusz Grendowicz as its CEO. According to government plans, SPV purposes include: maintaining an increase of GDP and investments levels, as well as creating new jobs.

The value of the Treasury's shareholdings in listed companies is estimated at zł.100-105 billion. However, the ministry is unable to sell all of them, as legal regulations oblige it to keep certain stakes in some of the firms.

Poland A.M.