Property Rights in the Process of Privatization of the Polish Energy Sector

The Polish model of privatization was mainly based on the implementation of the privatization policy in line with the procedures envisaged by law which preferred privatization on an individual basis, adjusted to the peculiarities of a given company. In a theoretical sense, this model was mainly based upon the idea of a state-led administrative privatization process with only minor elements of capital-market procedures and very modest worker social enfranchisement procedures. Privatization programs promoted privatization of whole industrial or commercial groups over single-entity privatization schemes. The implementation of privatization through programs does not change the essence of its fundamental challenges and problems; it merely affords a different dimension to it. The primary objective of the paper is to examine the issues of property rights in the privatization process of the energy sector