The privatisation of the wholly state owned PKO Bank Polski (PKO BP), has been initially approved, adding to the potentially lucrative pipeline for the sale of government assets in Poland.

Shares in PZU, Poland's largest insurer, and ITI Holdings, the country's biggest media group, are expected to hit the market after Poland's parliamentary election in August. The Polish government is also selling its stake in the telecoms firm Telekomunikacja Polska (TPSA). Earlier this week Nafta Polska, the Polish agency responsible for government oil industry asset sales, appointed a bank to lead the sale of its remaining stake in Polski Koncern Nastowy Orlen (PKN), domestic oil company.