Polish government intends to back the Polish equity market and to encourage Poles to invest on the stock exchange, deputy PM and development minister, Mateusz Morawiecki said. He also added, that the stock exchange needs mechanisms of stable, long-term security to make it a good place for those who want to invest their savings on the capital market.
Morawiecki has recently announced a five-pillar economic plan for the country over the next 25 years. The plan dubbed also the “Morawiecki plan” foresees more than PLN 1 trillion in investments over coming years. The ministry estimates that almost half of the funds, some PLN 489 billion, will be sourced from EU funds and the rest from private and state-owned firms.
“We want to prepare some 20 large projects in infrastructure and industry which would be easy to commercialize” Morawiecki said.
One of the main elements of the plan is to improve Polish competitiveness on the international stage. The government will support innovation around the country. The aim is to reduce the imitation of Polish economy (absorbing foreign solutions) and increase innovation in different spheres: from medicines, through the aircraft and shipbuilding ending on the food industry.
Other important element is the development of innovative companies. In order to make it possible will serve a new business-friendly law, the removal of bureaucratic barriers to business. Furthermore, there are new, simpler regulations related to the promotion of start-ups and cooperation between business and science.
Also an important point of the plan according to Morawiecki, is to increase Poland’s participation in the digital revolution.
The “Morawiecki plan” emphasizes on increasing places of jobs and better paid ones: “In order for Polish companies to create more and more jobs, we need to strengthen Polish exports, more precisely, to increase the value of companies creating jobs” Morawiecki added, explaining that this would cause them to be able to pay better.
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