economy

Entrepreneurship Must Return to Europe

Our socio-economic model is under threat, says Finance Minister Andrzej Domański. Deregulation, lower energy prices and greater venture capital availability are key.

Andrzej Domański, Minister of Finance

Andrzej Domański in an interview with Marek Tejchman

For months now, everyone has been talking about the report written by Mario Draghi, former president of the European Central Bank and former prime minister of Italy, warning of Europe’s economic decline. Deregulation and investments in growth can be a lifesaver. Will investments in the Polish economy finally increase significantly?

To grow investments, you need predictable economic conditions, good availability, and the right capital costs. As for the former, our government has unlocked funding under the National Recovery Plan and brought Poland back into the heart of European structures. We are restoring the rule of law step by step. You will see the first effects of these measures in 2025: we expect the growth of investments in the economy to pick up significantly. At the Ministry of Finance, we are working hard on new comprehensive solutions to support access to capital as part of capital market reform. However, when it comes to the cost of capital, namely interest rates, these are the responsibility of the National Bank of Poland. It is not my role as Minister of Finance to comment on the activity of the NBP.