Polish treasury minister reportedly in PiS crosshairs

By bne IntelliNews September 13, 2016

Polish treasury minister Dawid Jackiewicz is reportedly days from being dismissed, local media claimed on September 13.

A sacking would mark the first major change in the Law and Justice (PiS) government since it took office in November. Polish newspapers claim Jackiewicz has found himself in hot water with the party leadership, and chairman Jaroslaw Kaczynski in particular, for giving too many lucrative posts in state-controlled companies to people within his circle, and failing to control them.

The CEOs of refiner Lotos and utility Tauron both hail from Jackiewicz’s home city of Wroclaw, Gazeta Wyborcza points out. The minister is also reported to have elevated friends to the supervisory boards of gas trader EuroPolGaz, the Polish Power Exchange, insurer PZU, and utility PGE.

“Dismissal has been demanded categorically by Kaczynski. It’s not even about who gets positions in [state-controlled] companies, but what these people start doing there,” an anonymous source within PiS told the newspaper.

Kaczynski and the PiS leadership are reportedly angry that Jackiewicz’s people have proved unwilling to push through changes. Instead, they are seen as treating their positions as little more than straightforward reward for years of loyalty to PiS, journalist Wojciech Mucha - who is close to the ruling party - wrote on Facebook earlier this month.

On taking over as minister, Jackiewicz was tasked with carrying out one of the party's most basic strategic plans - to halt further privatisation and instead put companies under stricter government control. Jackiewicz has often said that if Poland had the financial means, it would be keen to increase its stakes in key companies, especially in the energy and banking sectors. 

Related Articles

Poland isolated again as it threatens to block EU declaration

Poland will not sign the Rome Declaration if its demands for moulding the EU’s future are not reflected in the document, Prime Minister Beata Szydlo threatened on March 23. The statement could ... more

Polish ruling party's poll lead hit by EU spat

The popularity of Poland’s ruling party Law and Justice (PiS) has fallen below 30% for the first time since mid-2014, a poll showed on March 20. The survey, published by liberal newspaper ... more

Enea buys French utility out of Poland

Enea has acquired a 100% stake in Engie Energia Polska - the Polish business of French power company Engie - for PLN1.26bn (€290mn), the state controlled Polish utility said on March 14. The ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss