The Minister of State Asset was appointed during the July reconstruction of the government. In the new format “Change of course” Wojciech Balczun explains that although the ministry is based on continuity and stability, each new boss has the right to their own priorities. He points out that his personal decisions result from the ongoing assessment of managers' work and are a consequence of the performance of the ownership supervision function.
Balczun emphasizes that it is crucial to balance the interests of the Treasury and the expectations of the capital market. He points out that the changes to date have not been negatively affected by the stock exchange ratings of supervised companies.
Professionalization of supervision and new Corporate Governance standards
The minister announces further professionalization of ownership supervision over state -owned companies. He indicates that there should be more practitioners and industry experts in supervisory boards, not just lawyers or theoreticians. Balczun informs that advanced work on the Corporate Governance Code is underway, which is to introduce a qualitative change in the management of the Treasury assets. Work on documents and regulations began during the previous Minister Jakub Jaworowski.
The minister declares that the implementation of new rules is one of the key goals of the ministry. The changes are to be based solely on substantive premises and are to be introduced as quickly as possible.
Support for Polish companies in large investments
One of the priorities of Balczuna is to increase the participation of Polish companies in supply chains in the implementation of large investment projects, especially in the energy sector. The minister emphasizes that foreign companies have dominated them so far, but currently Polish enterprises already have adequate potential. The ministry is working on a package of solutions supporting small and medium -sized enterprises, although the details are to be presented in a timely manner.
Balczun points out that the barrier to Polish companies are, among others Certification costs and no bank guarantees. The ministry is conducting talks with the Industrial Development Agency on financial instruments that could support the SME in the implementation of large contracts.
Orlen: synergies, dividends and criticism of previous acquisitions
The Ministry of State Asset is planning further action to the largest state -owned companies, including Orlen. Balczun emphasizes that Orlen is a key element of the Polish economy, and the most important thing is to use synergy not only inside the company, but also with other state assets. He points out that many projects go beyond one company's profile, and their proper implementation can bring measurable benefits.
The minister points out that Orlen implements a long -term strategy, and the company's financial situation is stable. It points to record dividend and active dividend policy, conducted in dialogue with key entities of the energy and financial sector.
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Referring to previous acquisition decisions, Balczun critically assesses the acquisitions of Polish Press and Movement through Orlen, considering that these assets do not fit into the company's basic profile of the company. It also draws attention to the risk of building too extensive structures that can lead to chaos.
Grupa Azoty: Restructuring and new development directions
According to the minister, the situation of Grupa Azoty is extremely difficult. Balczun informs that intensive work is underway on the company's restructuring and sanation. He emphasizes that until the commencement of investment in polyolefiny, the company was stable, but the scaled and poorly planned project led to serious financial problems.
The minister indicates that currently the most important thing is to stabilize liquidity and complete the restructuring processes. The ministry is waiting for recommendations regarding the Sanation Plan, which is not only to improve the financial situation, but also to develop the target model of the company's functioning.
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Balczun expresses the belief that Grupa Azoty has the potential to participate in projects related to nitrocellulose and the development of competence in the defense sector, as well as to strengthen position as a leading fertilizer producer.
PZU and PEKAO: merger under supervision, President's dismissal justified
The subject of the future of PZU and the process of integration with Pekao SA also appeared in the conversation. Balczun reminds that The project is implemented in accordance with the so -called “Danish compromise”, which results from capital requirements for the insurance and financial sectors. The merger committees composed of representatives of both companies are working on the merger, and the Ministry monitors progress on an equal footing with other shareholders.
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Balczun explains that The decision to dismiss the President of PZU was dictated by the assessment of the company's functioning and critical signals from various sources, and was not related to the integration process.
Polish Post: Restructuring and diversification of activities
The Minister of State Asset also referred to the future of Poczta Polska. Ensures that the ministry is up to date with the company's situation and knows the details of the actions taken by the Supervisory Board and the Management Board in order to improve the condition of the company. Balczun emphasizes that it is crucial to find business solutions to diversify the activities of Poczta Polska.
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The minister informs that talks with the Ministry of Justice regarding cooperation are held, and the post office presented a package of solutions beyond basic services. Balczun is convinced that the company has a chance to develop and maintain its position on the market.
