Address by Mr Andrzej Duda, President of the Republic of Poland, at the meeting with representatives of financial institutions organised by Bank Pekao SA
Ladies and Gentlemen,
Promoting the ever-growing potential of the Polish economy has been one of my priorities ever since I took office, so thank you for inviting me to this meeting with so many important guests from the world of finance.
Most experts agree that the future of Polish economy looks bright. All major macroeconomic indicators are very positive. Poland keeps attracting investors due to the stability of its economy, which keeps expanding at a steady pace. It is worth noting that between 2010 and 2017 this growth amounted to over 30 percent.
There are many factors which contribute to the Polish economic success. Apart from those obvious, like traditional Polish entrepreneurship and strong work ethic, there is also the pro-investor and pro-innovational economic policy of the Polish government. Being the biggest Central European economy, Poland is at the same time the hub for the region’s financial services.
I am very happy that this meeting is hosted by one of the oldest and biggest Polish banks – not only in Poland, but in the whole region of Central and Eastern Europe.
Pekao Bank is a true leader in its sector and one of the financially most sound institutions in the whole of Europe. By joining the PZU Group, the biggest financial institution in Central and Eastern Europe, it is on the brink of opening a completely new chapter in its development – one which looks very promising right at the start of this journey.
During my foreign visits I put a lot of effort in facilitating the expansion of Polish businesses into international markets. It is especially important for me, as the President of Poland, to help build recognizable Polish brands that will be able to successfully compete in the global economy. I am very happy that Pekao Bank is supporting the same cause by guaranteeing export letters of credit of the Polish companies.
As you all know, Poland is a champion of the Three Seas Initiative, which aims at developing better transport and energy infrastructure in the part of the EU stretching between the Baltic in the north and the Adriatic and Black Seas in the south. As the initiative gets more and more traction, especially after the very successful summit in Warsaw last summer, the number of business relations benefitting from increased regional cooperation grows as well. The prospects of good business opportunities connected with Three Seas look very promising. A recent report by PWC identified 157 infrastructural projects in the Three Seas area that are currently being implemented or have a big chance of being implemented in the nearest future.
Last, but not least, I would like to focus your attention on the efforts Poland makes to create a truly innovative economy. Here, a special meaning has the sector of small businesses and startups, which are themselves the incubators of innovation. I have a special personal interest in promoting Polish startups through a special presidential program. We hold regular meetings with the most promising of them at the Presidential Palace and very often they are members of my delegations during my foreign visits. I am very glad that Pekao Bank has strong faith in Polish startups, too, which is evident from the recent agreement it signed with the European Investment Fund.
Ladies and Gentlemen,
please feel free to approach me with any questions that are of interest to you. I am more than happy to spend some time discussing them in a less formal setting.
Thank you very much.