3 CROSSES SQ: LISTENING TO THE WIND OF CHANGE

After recent reconstruction of Beata Szydlo’s government in finance department, now the wind of change is coming to the Ministry of Energy, so far very unofficial. Rumors says, that around Saint Barbara’s Day we can have switch on the big chair and in the coal mining area.

There are a few reasons for that to happen. First, which is not a big news, are the personal problems of Minister Krzysztof Tchorzewski. Not going into details of that, we have a second issue, which are the incoming troubles of Katowicki Holding Weglowy. Not anymore 700m or 900m PLN are needed to save KHW from bankruptcy, but 1.3bn, which is a tremendous amount and finding more investors (at the moment Weglokoks, Enea and TF Silesia) will be a mission impossible right now.

Katowicki Holding Weglowy is also the only coal producer which will have a lot of problems to pay the 13th and 14th salary this year, unlike JSW and PGG which this year finally will do that with no turmoil. More than that, there is a high possibility that EU Commission will not accept PGG and PHW rescue plans, which might cause even more problems for Polish coal mining that all the recent year’s strike all together.

Despite the fact that Grzegorz Tobiszowski, deputy minister responsible for mining was very confident four months ago that he will replace Tchorzewski, the big chair most probably will go to Piotr Naimski, who was once predicted to take it, before the election in October last year. In that case Tobiszowski will not only not reach his dream, but very possible to be kicked out from the Ministry at all, as people say that him and Naimski cannot cooperate together.

There are already rumors where Tobiszowski might end up after leaving ME. Connected with Dawid Jackiewicz (former Minister of Treasury, who left the office in a small scandal) current CEO of Tauron Remigiusz Nowakowski will be called off and Tobiszowski will take his place.

Also Wojciech Kowalczyk, who recently was occupied in negotiation between JSW and the banks may lose his position, as the labor unions are unsatisfied with his involvement in bargaining with EU Commission over PGG rescue plan.

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