New body to oversee state companies to be created in 2017

A new administrative body tasked with overseeing state-owned companies will be created by the middle of 2017, replacing the current Ministry of State Treasury, Minister Dawid Jackiewicz announced on Friday. Speaking to reporters at a press conference, Jackiewicz revealed that the new body will take control of the biggest and most important Polish state companies: "KGHM, Grupa Azoty, PLL Lot, PKO Bank Polski, PZU and maybe the energy companies." He explained that the new government wants the body to be treated as one large capital group of the State Treasury. Jackiewicz also revealed that the legal basis of the new body was yet to be determined. Its formation will be preceded by a consolidation of some of the smaller firms owned by the State Treasury.