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Poland’s Prime Minister Donald Tusk has fired the treasury minister, saying his oversight of state run companies was insufficient.

Tusk said Friday Mikolaj Budzanowski would be replaced by a lower-ranking Cabinet member, Wlodzimierz Karpinski, at the helm of the Treasury Ministry.

He said there had been an insufficient exchange of information between the treasury minister and the state-owned companies he was supposed to oversee.

Budzanowski was recently criticized for his lack of knowledge about a deal that state gas giant PGNiG had signed with Russia’s Gazprom for a prospective new pipeline bypassing Ukraine.

Earlier, Budzanowski was criticized for ignoring the mounting financial problems of the state airline, LOT, and a breach of standards by the management of the Warsaw Stock Exchange.

From: http://feeds.foxnews.com/~r/foxnews/world/~3/K5voJUqwATY/

Poland’s government says that LOT Polish Airlines is losing $50,000 a day due to the grounding of its two Boeing 787 Dreamliner planes.

LOT, a deeply indebted state-run airline, was the first European airline to get the Dreamliners. Deputy Treasury Minister Rafal Baniak put total losses due to the grounded planes Wednesday at 8 million zlotys ($2.5 million).

The global grounding of Dreamliners due to problems with its lithium batters has been a big blow to the airline. It is still waiting six more 787s to be delivered, several early this year.

Treasury Ministry information given Wednesday to a parliamentary committee said the grounding is causing LOT to lose $50,000 a day, without taking into account the cost of passenger complaints and some other costs, the news agency PAP reported.

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Poland's treasury minister fired over gas deal

Grounded Boeings costs LOT airline $50,000 a day

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