Former president of the Polish National Bank – Marek Belka passes for the real estate industry. The beam will go to Echo Polish Properties , owner of office buildings and shopping malls. Later this month, will be an independent member of the board of directors. Without addressing the former head of NBP she was only 52 days before.
Pragmatic, quiet professional with experience – just about Marek Belka economists say. In less than two months after completing his tenure as president of the Polish National Bank, Beam found a new job. Join the team Echo Polish Properties.
The company in Poland owns a number of office buildings and shopping malls. The portfolio has, among other things Grunwaldzki Arcade in Wroclaw and Malta Office Park in Poznan. In total, the company controls 6 office buildings and 10 shopping centers – a total of 446 thousand. square meters.
“It is now the sector with the highest growth potential, which is confirmed by a number of economic indicators” – explains Marek Belka in an official statement of the company. Echo Polish Properties is a company owned in part by Echo Investment (business investment and development) and South African fund Redefine Properties.
The former head of the National Bank of Poland points out that “very happy at the prospect of the use of his experience in the real estate sector.” Why this joy? As befits an economist – Marek Belka’s all based on economic indicators. “We still see the dynamic development of economic activities in Poland. It is expected that growth in employment and wages, higher social transfers and low energy prices will support faster growth in consumption, which in turn translates into the potential for growth in commercial real estate,” – he explained.
Marek Belka in June completed a 6-year term at the head of the NBP and the Monetary Policy Council. As he was doing at the time? – Marek Belka perform its function completely fine – says Professor Ryszard Bugaj. – He showed a pragmatic attitude, which in the case of the President of the bank is very important. For this is a man with a strong position in the business community and academia. He was also the beginning of better equipped to perform this important function than its predecessor Slawomir Skrzypek – explains prof. Bugaj.
The positive note Belka also staged one of the MPC members were Professor Dariusz Filar, calling the president “quiet professional with experience.” Praises primarily pursued classical monetary policy, and as the biggest success is considered no deflection of the whole Council under the pressure of extremely expansionary policies of other central banks in the world. More about the achievements and failures Marek Belka in Polish National Bank wrote here.
Marek Belka is a professor of economics, former Prime Minister and Finance Minister, President of the Polish National Bank and the Director of the European Department of the International Monetary Fund (IMF). Belka was a member of the supervisory boards of the two Polish commercial banks (Bank Millennium and earlier BIG Bank), as well as chairman of the board of LOT Polish Airlines.
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