Europe must get rid of economic naivety – emphasized on Wednesday at Impact Congress Minister of Finance Andrzej Domański. He pointed out that economic growth must cease to be only a “side effect of ambitious European politicians.”
The Minister of Finance during his speech during the Impact Congress held in Poznań noted that 2025 is certainly a year of breakthrough, change, not only in Poland, but throughout Europe. “This is the time when Europe finally takes responsibility for its own safety. The time when, on the one hand, we realize that this dividend of peace is over, and on the other hand we take decisive actions to restore security in Europe,” he said.
He added that “this is also the time when the era of naive globalization ends, and the stage of conscious, responsible and safe development begins.” According to him, it is also a time to fight for your own interests.
According to the minister Poland is facing a chance to become one of the motorbikes of this change today“One of the drive engines of changes not only in national terms (but also) European terms.”
“That's why we say clearly: Europe must get rid of economic naivety. Economic growth must stop being just a bit of a side effect of ambitious European politicians. It is to serve society, serve the economy and must be, as I said, the goal in itself. For this, we need our own technological competences, modern industry and efficient financing and innovation mechanisms. We need strategic independence.”
Domański emphasized that in his opinion Poland is a great example of positive changes. He reminded that last year “the rate of economic growth in our country reached almost 3 percent. We were the fastest growing European economy. This year we are still accelerating. We estimate that this economic pace will be closer to 4 percent.” He informed.
“Of course, this is not just about economic growth in one or the second year, it is a long -term, long -term path of economic growth. And that this path is as high as possible, we need investments, but not all investments, but investments in the future economy. Therefore, we focus on the pillars of strong and resistant Polish economy, science and innovation, technologies of the future, energy transformation, infrastructure investments, dynamic construction of the market market capital and transparent and friendly business environment, “he mentioned.
The world is changing, Europe is changing, Poland is changing
He emphasized that these pillars step by step, month after month, are filled with content and subsequent activities. He pointed out that Poland is investing in the development of high computing power necessary for artificial intelligence. He reminded that A supercomputer and network center was created in Poznań, which was on the list of European artificial intelligence factories.
The minister pointed out that we must focus on the technologies of the future, because “we cannot afford investments in the technologies of the past.” He pointed out that together with the Polish Development Fund, a fund was launched, which – as the minister explained – “will invest where the risk is increased, but also where the potential for changes is really great.”
“Space technologies, cybersecurity, advanced materials, technologies that are used on the battlefield, and at the same time their development contributes to economic growth, to build a permanent technological advantage – this is just the beginning. We will soon introduce the comprehensive Innovate.pl program, which will create conditions, a real umbrella of support for the development of innovation in our country,” he said.
He also noted that in the country It accelerates energy transformation, and Poland is becoming a kind of large energy square. “Thanks to KPO funds launched by our government, in 2025 investments in the power network will be twice as high as in 2023,” he noted.
Money is not enough in public …
“However, the modern economy will not be built only from public funds. We need to mobilize private capital. Of course, the key tool is the stock exchange. WIG this year is the most strongly index in the world. Since the beginning of the year, over 30 percent of growth,” he said.
The minister emphasized that the Polish economy needs less bureaucracy and more trust. He pointed out that the ministry he manages is working on both the postulates of entrepreneurs from the team of Rafał Brzoski, and conducts broadly extensive analyzes. “The Ministry of Finance is a leader in the deregulation process. The first effects are already; five bills have been sent to the Sejm, the next three were adopted yesterday by the Council of Ministers (…). We want entrepreneurs in Poland to focus on development, not on the fight against regulations,” he said.
During his speech, Domański also pointed out that Europe has lost its position in global privatization over the past decades. “Our advantage in traditional sectors weakened, and the United States and China dominated the sector of new technologies. However, the potential for economic growth, potential to change, the potential for building a strong economy in Europe is certainly with certainty,” he said.
He emphasized that “Europe cannot be a regulatory power, Europe must be an economic power.”
“That is why investments remain a key slogan. They have fueled European prosperity for decades. It is thanks to them that we could create a European social model. Therefore, at the moment not only in Poland, but all over Europe we have to invest even more” – summed up the Minister of Finance.
AJW/ MMU/
