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Thursday, 26 January 2012

President Komorowski meets business leaders in Davos

President attends World Economic Forum in Davos   |   President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos President attends World Economic Forum in Davos

President Bronisław Komorowski encouraged world business leaders gathered in Davos to invest in Poland at a meeting held Thursday and mottoed "Poland - a World of New Opportunities at Your Fingertips."

 

The meeting was attended by heads of major investment banks, strategic consulting firms and industry leaders cooperating with Polish firms in the banking, insurance, IT, energy and telecommunications sectors.

The president encouraged them to invest in Poland stressing its economic, political and social stability.

 

"I said during the previous Davos Forum that Poland is a strong economy and my optimism has been clearly confirmed: Poland's GDP rose 4 pct in 2011, the budget deficit is on the decline and as many as 426 companies are now listed at the Warsaw Stock Exchange," Bronisław Komorowski said.

 

He noted that "Poland stands out positively among other EU member states and has grown stronger at a time of Europe's weakness."

 

"Polish GDP rose 15.4 pct during the years 2008-2011 while the average GDP growth in the EU was minus 0.4 pct at that time," Komorowski said. He pointed to "healthy fundamentals of the Polish banking sector" which had "more capital than required by banking supervision authorities while banks in other EU countries needed an injection of EUR 115 bln of additional capital."

 

The president also pointed to successful development of the Warsaw Stock Exchange whose importance in the region was steadily growing.

 

The combined assets of over 30 companies whose leaders took part in two meetings with Komorowski in Davos amounted to over EUR 13 trillion.

 

On Friday morning, the president is due to meet representatives of global financial institutions, listed companies and investors. The meeting will be hosted by the State Treasury Ministry in cooperation with investment banks operating in Poland.

 

The president is due to return from Switzerland on Saturday. (PAP, own information)

 

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