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Poland's prime minister fires treasury minister over gas deal, insufficient oversight

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.