The active participation of the financial market in the financing of the development of the Polish economy, among others, spoke the head of the Chamber of Brokerage Houses Waldemar Markiewicz. According to him, the financial market is a source of funding for the capital needs of businesses, therefore is one of the conditions for economic growth.
– We believe that the government should develop the capital market development strategy, which would encourage the conversion of savings into capital, would encourage investment, would remove barriers to formal and legal, would increase the credibility of the market and would protect investors. We need to create a capital market that is more competitive than it is now – to capital in Poland, Polish society savings to finance Polish companies – said Markiewicz.
According to the head IDM, you need to take steps to ensure that Poland was more attractive to investors. – The development of the capital market is the Polish raison d’état – he stressed.
The current conference Deputy Prime Minister pointed out the main barriers facing the Polish economy: the lack of innovation, weakening the competitiveness of the old areas of the economy and the slow implementation of new, active forms of monetization. He noted that the financing of the economy, however, is crucial. – I try to do everything possible to restore the good reviews of the financial system – Piechociński assured the participants of the conference. He recalled that the Polish banking system audits have shown that it is healthy.
– The time that the Polish economy and Polish entrepreneurs secure than ever before in history, the power from its own resources, which will create a modern economy, which can create modern politics – he said. He noted that this policy can contribute to the creation of a modern banking system. According to him, so that you can create “not only the extra money, but a kind of primitive accumulation to strengthen our – not only – savings, but credit lines in the future.”
Piechociński believes that approx. 1.5 million Polish companies do not go out of service for the production phase and the phase of the local market to the European market, and the global “without stable sources of financing, no money for some, cheap and accessible “. The Minister pointed out that local governments need instead of the usual grant of permanent power granted on the basis of favorable market conditions.
– Where would we be if, in the year 2007-2008, instead of a simple mechanism in the so-called subsidy. schetynówkach, (…) build a mechanism redeemable, low-interest loans under a national fund for local roads? – He said. According to him, it would get approx. 10 billion zł, which would work in the financial system, and with the money from the EU formed a “gigantic and stable” mechanism for the implementation of the road system.
Paul Tamborski WSE President noted that the existing simple depleted reserves growth, Poland should therefore look for the “engines” that will drive the Polish economy. – The capital market is a good answer for this type of research funding, this type of “engines” – said Tamborski. According to him, a good example is the shale revolution in the United States, which would not be possible if the capital was not ready to take on the risks associated with the first drilling.
In contrast, former Chancellor of the Exchequer, vice president of PwC Jacek Socha warned that if nothing changes this Polish stock market can not count on a spectacular growth. – Lack of money from OPF must be replaced by an increase in savings Poles. We will also become more attractive to foreign investors, if we have also offer investors in Poland. If it does not, then foreign investors will treat us as a market more risky, because it is based on money, which can be here, and may not be present – Socha said.
In contrast, President of Enterprise Investors Siwicki pointed out that for large foreign financial investors Poland is not especially attractive country. – If Poland was not a green island and if we did not have a very strong macroeconomic fundamentals, it puktu view of global capital market would be totally marginal – Siwicki noted. He added that the reputation of Polish does not improve, for example, the acquisition of certain assets of OFE by ZUS.
Comment Interia
The money, which is now running out in the capital market, the money selected by the Government of the PO-PSL funds. Will last for decades solicitations Poles back with savings on uncertain market. Once deceived by Tusk, Fedak, Rostowski and the rest, the dough will stick briefly with medals. I think that the government decides to resign from the harmful and predatory Belka tax that takes people to 19 percent. income from the stock market, bonds and bank deposits. That’s all it does not pay and conviction of Poles to the mass return of money is impossible. Why, for example, have a tendency to increase their savings in banks, since the income obtained there to pay tribute to 19 percent? By what right? People translation is not enough that this is the law. She is harmful. Just for the capital market in our country.
Christopher ant
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