Polish Development Fund has become a Polish bank and development of the real event. This is not our native invention, as similar institutions have been Germans, Italians, French and Hungarians. The thing is that this is not the first attempt to create it. Why would this time go? – Previously they lacked uniform standards of operation. We had to deal with the Polish departmental. Most institutions work within ministries and numerous other areas of overlap – explains Pawel Borys, President of PFR in an interview money.pl.
PFR was established in place of the company Polish Investment and Development, which was pro-development concept of the previous government. On the idea, however, it ended. Expenditures were significant, and the results meager. Now he has to be different, however, because it assures the president of the Fund is able to learn from the mistakes of their predecessors.
He explained that the new approach is most important is not to multiply entities. The previous attempt to foster entrepreneurship Polish Investment and Development, Industrial Development Agency and the National Capital Fund perform very similar tasks. PFR is no such actions to integrate, without linking institutions in one body, but forming a group with one strategy and individual competence.
– The most important thing is that the Fund were clearly defined competence centers and that everyone knew, too which corresponds – lists Borys. – We want the individual areas already do not overlap each other. In addition, many of the currently operating institutions very slightly moves in a particular area. So it is eg. Support exports. Export Credit Insurance Corporation has only 8 percent. market share, PAIIZ dealt mainly attracting capital to the Polish, and the scale of financing of exports by BGK is minimal.
President PFR also ensures that soon Polish entrepreneur one website or via the hotline has information on any possible programs and instruments appropriate support.
See also: Polish companies can count on the support of the state in foreign expansion
An interview was conducted during the Congress of the New Economy Impact’16, event held in Krakow 15-16 June this year.
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