NEWS

13/01/2026

20:44

Balczun on JSW's Situation:

Liquidity Runs Out in January, February.

Michał Lubowicki

- Negotiations are proceeding in good faith. From our side, certainly in good faith. We are in contact with the management [of JSW], which is also seeking financial solutions for the company, because the company has now completely used up its stabilization fund, on which it had money set aside for hard times. And because this period of economic downturn has lengthened, this money has effectively been used up. [...] Now they are burning through several hundred million [zloty] per month - said Wojciech Balczun in "Gość Wydarzeń" on Polsat News.

- We need to find a solution that will save liquidity. [...] Liquidity is actually running out in January, in February. We have a few weeks left for negotiations - emphasized the Minister of State Assets.

As he noted: - Bankruptcy is the ultimate scenario. We can, after all, imagine intermediate scenarios. For example, an intermediate scenario is a formal restructuring process, in which, for instance, my former company, which I managed once, PKP Cargo, is currently undergoing.


Michał Lubowicki