WORLD IN BRIEF : POLAND : Lower House OKs Mass Privatization
- Share via
From Times Staff and Wire Reports
Parliament’s lower chamber approved a plan to privatize 600 state-owned enterprises by turning a majority of their shares over to national investment funds, resembling mutual funds. Shares in the funds would in turn be sold to all adults. If the bill is approved by the Senate and signed by President Lech Walesa, who has advocated market reforms, Poland will become the third formerly Communist country to launch a mass privatization program, after the former Czechoslovakia and Russia.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
