New model of supervision over the companies owned by Polish State Treasury

Polish Prime Minister Beata Szydło in an interview for „Dziennik Gazeta Prawna” announced that the biggest State Treasury companies, currently supervised by the Minister of State Treasury, will soon come under the supervision of specific departments.

This will be the case for PZU, KGHM and Azoty, among others. The remaining companies will be supervised by a specialized agency run by a suitable manager. What is more, the agency itself will be answerable to the head of the government. The changes regarding appointment of a president on the basis of competition following which he/she would serve a specific office term.

In the same statement, Prime Minister Beata Szydło touched on the topic of introducing clear rules with respect to the process of appointing supervisory boards. She sees creation of a particular group of people the members of which would be appointed to the bodies, as a definitely positive solution. Selecting a proper group would fall within the competence of a body of experts appointed for that purpose.

Prime Minister Beata Szydło said she is aware the planned changes require highly developed audit. In the later part of her statement she stressed that government actions will not be directed at privatization solutions, and in the companies there will be room only for the people who guarantee that. The head of the government strongly criticized the occurrences of one person being appointed a member in several supervisory boards and expressed intention to fight this ill practice.

According to the announcement of Prime Minister Szydło, the Ministry of Finance and the Ministry of Development will not be joined. The question is reasonable, especially taking into consideration the fact that for several days the Deputy Prime Minister who leads both ministries is one person – Mateusz Morawiecki. An important thing to note, is that he is also the head of the Economic Committee of the Council of Ministers.

Fragmentary statements from the head of the government on this topic appear to definitely disperse all doubts. She publicly stated that merging the two ministries would be for the outsiders a step raising many doubts, especially due to the immense importance of the ministry of finance in the context of cooperation with the EU.

This is the Ministry of Finance the Prime Minister Szydło described as „a guardian of budget discipline” – an indispensable tool of controlling the budget and public finances. She expressed a view that its efficient functioning determines not only the pace of development of Polish economy, but also the safety of public finances.

Business Implications for Poland

Economic and regulatory developments in Poland have broad implications for businesses operating in the country. Poland’s economy, the largest in Central and Eastern Europe, continues to attract international investors and entrepreneurs seeking EU market access, competitive costs, and a skilled workforce of over 17 million workers.

For foreign companies and entrepreneurs doing business in Poland, staying informed about economic trends, regulatory changes, and market dynamics is essential for strategic decision-making. Whether you are considering entering the Polish market, expanding existing operations, or optimizing your corporate structure, professional advisory support can help navigate the complexities of the Polish business environment.

Poland offers a comprehensive business infrastructure including special economic zones with tax incentives, a well-developed banking system, modern office space in major cities, and a legal framework aligned with EU standards. These factors, combined with Poland’s strategic geographic position between Western and Eastern Europe, make it an attractive hub for businesses targeting the broader European market.

If you are doing business in Poland or considering entering the Polish market, Zalewski Consulting can help. Learn more about our VAT and tax advisory, or contact us for a free consultation.