PM, businesspeople discuss ways to improve company growth
Polish PM Mateusz Morawiecki and members of his government met with businesspeople at the National Stadium in Warsaw on Tuesday to exchange views on how to support the development of domestic companies.
Acknowledging the importance of growth and profitability for companies, the prime minister said that the government's interests were in line with these objectives. "Additionally, it would be best if you generated those profits on international markets, in the European Union and all over the world," he said.
This contributes to capital accumulation, "something that is the most important thing for us today from the macroeconomic point of view," Morawiecki continued, explaining that domestic capital was the foundation of long-term economic growth.
According to Morawiecki, France, Germany, Spain and other Western European countries view EU regulations mainly through the prism of the legislation's influence on their domestic firms. "We should follow this principle as well," he said.
Attention that Western European countries paid to the accumulation of domestic capital speeded up their development, but this was also true of Asian economies, such as South Korea, Morawiecki said.
The head of government pledged that the basic mission in his second term of office, which started in November, is to create a favourable environment for Polish companies. He said he was aware that regulations in the EU and its member states were often used to support local companies.
"We're also learning this skill, we'll be learning it from the best," he said.
Referring to economic patriotism in Germany, referred to as Deutschland AG, Morawiecki appealed for creating a parallel concept in Poland, which he named Poland Joint-Stock Company.