Poland to create Treasury Ministry for state assets, sets Fin. Min. aside


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Poland to create Treasury Ministry for state assets, sets Fin. Min. aside

Poland, the central European country of President Andrzej Duda, who started his career from a now-defunct Freedom party, a centre-left Liberal Democratic, serving as the sixth president of the nation bordered with Serbia at the North, had been exploring an option to launch a treasury ministry, a first-of-its-kind attempt across the globe despite having an active ministry of finance in a bid to foster growth of state-owned facilities, as the Prime Minister of the sixth-largest economy of Eurozone and the 22nd-largest by purchasing power parity (PPP), Mateusz Morawiecki, a businessman prior to a politician from law and Justice Party, a far-right populist party in Poland that won October's election, said on Friday (November 8th) that the government would soon launch a treasury ministry aimed at overseeing state assets.

In point of fact, one of the most-hurt nations in EU during the era of great financial depression of 2009, which faced off a growth rate of 1.5 per cent at the peak of the financial plague while EU was growing at a rate of 4.5 per cent, had been finding it extremely difficult to deal with privately-owned alongside state-backed entities at the same time following October election victory of far-right nationalist Law and Justice party under President Andrzej Duda who started his political career with a centre-left liberal democrative party as beforementioned.