Polish cabinet reshuffle boosts control over state companies

WARSAW - Poland’s nationalist Law and Justice party announced its governing cabinet lineup on Friday after winning a parliamentary election last month, setting out plans to consolidate control over state-owned utilities and financial companies.

The responsibilities for energy and mining companies will be transferred to a new treasury ministry that will oversee billions of euros worth of state assets, led by deputy prime minister Jacek Sasin. Morawiecki’s long-standing ally - Jerzy Kwiecinski - will leave his post as finance minister and be replaced by Tadeusz Koscinski, a former deputy finance minister.

Consolidating supervision in one ministry will allow Poland’s de-facto leader, PiS leader Jaroslaw Kaczynski, who holds no government post, to tighten his grip over his coalition partners after the election results altered the bargaining calculus of the different factions.

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Source: Forbes - 🏆 394. / 53 Read more »