Free Republic

The State Property Fund announced Mittal Steel Germany Gmbh the conqueror in a contest of 93.02% shares of Kryvorizhstal sale. As “Ukrainsky Novyny” informs, such a decision was adopted following the results of contest. Mittal Steel proposed UAH 24,2 milliard, the highest price among three contest participants/ At the same time “Industrial group” (Kyiv) consortium proposed UAH 24,1 milliard and “Smart Group” company (Dnipropetrovsk) – UAH 17,7 milliard. Mittal Steel Germany Gmbh is a part of international holding Mittal Steel, which is the world biggest steel producer. Primarily Mittal Steel and “Smart Group” proposed UAH 10,5 milliard, “Industrial Group” –...

In Need, In Deed By Michal Jeziorski 27 April 2005 The Sejm is reviewing a new property restitution bill. In it, the government proposes compensation to former owners and their heirs to the tune of 15 percent of the value of lost property. Overall, this may mean an amount in the region of zl.11.5 billion. Poland is the only country in Central and Eastern Europe which has not conducted reprivatization after the fall of communism. After the end of World War II, Poland's communist authorities enacted many laws, decrees and ordinances that nationalized private property-from big agricultural ownership to large...