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Treasury Ministry transfers control over fuel sector to Energy Ministry

11:37

Poland to transfer power, fuel sector supervision to EnergyMin, TreasMin to supervise PKO BP, PZU, KGHM and Azoty

Poland will transfer supervision of power, fuel sectors to Energy Ministry, the Treasury and a special agency that will succeed it will retain supervision of bank PKO BP, insurer PZU, copper firm KGHM and chemicals group Azoty, but , Treasury Minister Dawid Jackiewicz told reporters.

 
"In 10+ weeks, supervision of power firms it will be transferred to the Energy Ministry," Jackiewicz said, adding that the fuel sector will the next in the pipeline for the transfer. "Then, TreasMin supervision will be maintained for PKO BP, PZU, KGHM and Azoty," he said. After the Treasury Ministry is liquidated, which might happen in early 2017, supervision of all the TreasMin-supervised firms would be transferred to a new agency, the minister said.

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