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BGK Head: We must be an icebreaker for Polish firms abroad
๐Ÿ‡ต๐Ÿ‡ฑ Poland /Economy & Trade

BGK Head: We must be an icebreaker for Polish firms abroad

From Rzeczpospolita · () Polish

Translated from Polish, summarized and contextualized by DistantNews.

At a glance

Interview Sources not specified Context piece
  • Jakub Jaworowski, head of Bank Gospodarstwa Krajowego (BGK), stated that the bank plays a hybrid role, supporting state goals while operating with commercial standards.
  • BGK is expanding its support beyond traditional business financing to include major state investment projects like energy transformation and defense.
  • The bank is also a key player in facilitating Polish companies' expansion abroad, particularly in Ukraine, with plans to intensify support post-war.

Jakub Jaworowski, the head of Bank Gospodarstwa Krajowego (BGK), sees the institution as a "icebreaker" paving the way for Polish companies. He emphasizes BGK's hybrid identity, blending state objectives with commercial operations.

We must be like an icebreaker and pave the way for Polish companies.

โ€” Jakub JaworowskiHead of Bank Gospodarstwa Krajowego (BGK), describing the bank's role.

Jaworowski highlighted BGK's evolving role, which extends beyond supporting Polish entrepreneurs with loans and guarantees. The bank is now involved in significant state investment projects, including energy transformation and bolstering national defense. A recent initiative is the 23 billion zloty Fundusz Bezpieczeล„stwa i Obronnoล›ci (Security and Defense Fund), aimed at enhancing state resilience through dual-use investments, from building bunkers to improving cybersecurity.

We are also participating in large state investment projects, e.g. in the area of energy transformation, and play a key role in financing the armament program and strengthening the state's resilience.

โ€” Jakub JaworowskiDescribing BGK's expanded role in state projects.

"We must be like an icebreaker and pave the way for Polish companies," Jaworowski stated, underscoring the bank's proactive approach. He also addressed BGK's role in supporting Polish businesses expanding internationally, especially in Ukraine. Despite the ongoing war, over 1,100 Polish companies are already registered in Ukraine, generating about 10 billion zloty in revenue last year. Jaworowski indicated that BGK's involvement will intensify, with new financing instruments planned for the post-war reconstruction period.

The goal is to increase the state's resilience in very different aspects: from building bunkers to cybersecurity.

โ€” Jakub JaworowskiExplaining the purpose of the Security and Defense Fund.
DistantNews Editorial

Originally published by Rzeczpospolita in Polish. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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