The introduction of coronavirus vaccines for use draws a clear perspective of ending the current crisis, and the experiences of Q3 last year show that the Polish economy has the ability to rebound very dynamically after the lifting of restrictive restrictions, believes Deputy Prime Minister, Minister of Development, Labor and Technology Jarosław Gowin. According to him, the banking sector will play a key role in making up for time lost to the economy.
“The invention of the COVID-19 vaccine and its introduction into use draws a clear prospect of ending the current crisis, and the state of uncertainty is gradually disappearing. This makes us return to thinking about development projects. to a very dynamic rebound after the lifting of restrictions limiting the possibilities of operations of companies and consumers “- said Gowin in an interview for the” BANK “Financial Monthly, which will be published on February 15.
In his opinion, the world and Polish economies have adapted to the new epidemic conditions of functioning. The adaptation of companies and consumers to the new situation was extremely smooth.
“The fall wave of the pandemic has no longer broken supply chains, as it was in spring, so the industry is operating without major disruptions. The Polish economy has survived both waves of the pandemic exceptionally well due to its diversity, which is related to its scale, but also its favorable structure. The agri-food sector, which was relatively resistant to the crisis, and the modern business services sector, where the transition to remote work was not associated with major difficulties, play a significant role “- pointed out the Deputy Prime Minister.
At the same time, Polish industry has a large share of durable consumer goods, whose exports grew rapidly in the second half of the year. It is also important that there was a large amount of foreign direct investment in promising sectors in Poland before the pandemic. According to him, it should not be forgotten that both in Poland and in our largest trading partners, there are stimulus programs launched in the spring and maintained in a modified degree, effectively shielding against the economic effects of the pandemic.
“Poland faces long-term social, environmental and economic challenges. We are preparing a Plan for Work and Development, which has three key areas: direct aid, new direction and development impulse. Each of them corresponds to different needs. At the same time, we undertake the challenge of strategically designing oriented, tailor-made industrial policy. The aim is to ensure resilience to future economic shocks and to support the competitive position of Polish enterprises “- announced Gowin.
“The banking sector will play a key role in making up for the lost time in this respect. The investment outlays will require financing. Banks, through an offer tailored to the needs of companies emerging from the crisis, and cooperation in partnership in the implementation of projects, will be among the most important participants of the post -andemic reconstruction” – also pointed out the Deputy Prime Minister.
He emphasized that the banking sector is the basic source of external financing for the development of Polish companies. Bank financing serves not only MSMEs, but is also the basis on which the implementation of the largest development investments in our economy is supported.
“The technological adaptation of banks to the requirements of the electronic economy, offering and compatibility with modern payment mechanisms that are convenient for customers and respond to the needs of sellers, is of great importance for the development of e-commerce and related activities” – pointed out Gowin.
“The banking sector is also an important partner for the public sector. On the one hand, it is realized by being a bridge between public policy and companies. An example may be the cooperation of banks, for example with PFR and BGK, in handling anti-crisis support for companies. transaction (e.g. the use by entrepreneurs of BGK loan guarantees through banks) and technology (handling applications for support from the PFR financial shield via electronic banking systems) “- summed up the Deputy Prime Minister.
Source: ISBnews
