Polska Poczta, Telegraf i Telefon

[1] In March 1927, at the initiative of the minister of industry and trade, Eugeniusz Kwiatkowski, a regulation was issued on the commercialization of state-owned enterprises.

The potential transformation of the post office and telegraph into a commercial enterprise created new opportunities for the development of this branch of the economy.

Rationalization of the administration and operation of the enterprise brought the expected results, which led to acceleration of work on reforming the post office.

Another regulation specified 1 July 1928 as the date of commencement of PPTiT operations and its takeover of the movable and immovable assets previously owned by the State Treasury.

It also had some freedom in managing finances and real estate, but numerous restrictions in these matters often prevented faster development.

The result of the Office's work was an amendment to the regulation establishing the enterprise "Polska Poczta, Telegraf i Telefon".

An inventory and valuation of assets was also announced, which was necessary to prepare the opening balance, which in turn was a necessary condition for the actual commercialization of the enterprise.

Ultimately, as a result of several months of work, it was possible to establish the opening balance of the enterprise as of April 1, 1937, which was then approved by the resolution of the Council of Ministers of November 24, 1937.