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Banking
PKO BP to file for IPO this week
Poland's biggest lender, state-owned PKO BP is expected to file its IPO prospectus this week, possibly on Thursday, sources close to the situation told PARKIET yesterday. Treasury officials responsible for the privatization of PKO BP said earlier the government is planning to sell 30 percent of the company worth an estimated 5 to 6 billion zloty.
PKO BP has called a news conference on Thursday to discuss its second-quarter earnings.
Public finances
Poland may raise compensation for state managers
Polish government has approved a new law that would eliminate restrictions on compensation for managers of state-owned companies. Existing laws limit salaries of top executives running government firms to six times average monthly wage, now at around 2500 zloty ($690). Treasury...
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