delphiandomine 86 | 17823
15 Dec 2015 #481
For starters but the long-range goal should be the creation of large, viable Polish corporations.
The problem is that it requires immense amount of capital. This is Putinism, but the problem is that the country has to spend huge amounts to get there. I quite like what Orlen and PZU have been doing - they've been trying to buy up companies in smaller surrounding countries to create regional powers. It seems to be effective so far.
Are there any such mixed companies at present?
Most of the strategically important companies are like that - for example, PKO Bank Polski, PGNiG, PGE, PZU and so on. It's not a bad way of doing things. In some cases, privatisations are to try and allow further development - for instance, PKP Cargo and PKP Intercity should be privatised so that PKP PLK (who operate the railway lines) can get on with the job of looking after and developing the infrastructure while not having to worry about the interests of sister companies.
The problem is that PiS will really hurt PKO and PZU with the bank tax - this is money that they could be using to expand further (both of them had plans to buy up a lot of the smaller foreign-owned banks here) - but instead, the money goes to the government. Ideally - you want to encourage Polish business by the government retaining a minority share while using the best practices from the private world.