WARSAW - Poland is to privatise 164 state-owned companies by the end of 2013, deputy Treasury Minister Tomasz Lenkiewicz said on Tuesday.

According to local media report, the Treasury changed the ownership status of 103 state-owned companies in 2012 through privatisation, transfer to local governments, contribution in kind and liquidation.

These activities generated 2 billion PLN ($660 million) in receipts while stock exchange privatisation provided 7.19 billion PLN.

According to Lenkiewicz, the Treasury holds a minority stake of 56 percent of the companies.

Lenkiewicz said that investors who took over state-owned companies in 2012 promised to spend 335 million PLN in total on investments and development.