"JP Morgan, one of the largest banks in the world, wants to locate one of its three, four main headquarters in our country," Deputy Prime Minister Mateusz Morawiecki said in New York. Mr Morawiecki emphasized that it would create more than 20,000 jobs in Poland over the next 5–7 years. "We're offering excellent engineers, IT professionals, and it is highly appreciated by businesses, or financial institutions such as JP Morgan," the Minister of Economic Development and Finance added.
"It's 99.9 percent certain that we will bring good news to Poland. JP Morgan, one of the largest banks in the world, wants to locate one of its three, four main headquarters in our country," said Mr Morawiecki.
The Deputy Prime Minister explained that 3,000 jobs were created after JP Morgan entered Manilla in the Philippines, and the number has now grown to 23,000.
"I think this will also be the case in Poland," Mr Morawiecki added, who came to New York to meet with US investors and business media.
Excellent relations
Mr Morawiecki has said that the relations between Poland and the US are evolving very well. "Polish exports to the United States grew by 26 percent in the first half of the year. There was no other country with which our commercial relationships would be developing so remarkably. In addition, they are balanced," he pointed out.
Mr Morawiecki has brought attention to the fact that American business is also looking at Polish fiscal, monetary, and regulatory policies. "When I'm explaining what our main actions and principles are, it is absolutely understandable and there is no reason to be concerned about the quality of our policies," he said.
Mr. Morawiecki stressed that Polish economic growth was characterized by increasingly higher quality. "Over the past 12, 15 years we have been indebting Poland and the Polish economy at twice the rate of the nominal GDP growth. It is easy to keep growing when borrowing money, but it has to be returned at some point. And that's the problem. We are trying to reduce the budget deficit. As a matter of fact, a surplus has appeared. This month it has been the largest one in the past 28 years. It makes an impression also on American businessmen. This allows us to maintain a very positive atmosphere around the Polish economy," he explained.
Mr Morawiecki has said that the growth of Polish GDP at 3.9% in the second quarter is "the best result among large countries of the European Union. With historically low unemployment, it is a mix of macro-economic parameters that I very much appreciate," he said.
A costly system
In his talks with the American media and business representatives, the Minister is also explaining the controversy over the reform of the Polish judiciary. "Americans understand our struggle for the rule of law instead of the rule of lawyers, as the US is famous for the fact that lawyers sometimes have too much to say," he said.
"We are trying to open up the justice system to include not only as much justice as possible, but also efficiency and speed of action. I also regret that we have the most expensive justice system. Only the common courts cost us PLN 7.5 billion a year, while the European average is three times lower. We could save a good few billions of zlotys if we were functioning normally in this regard," he added.
Mr Morawiecki underlined that "there is no such professional, nor political, group that is so important to the functioning of the entire state, and at the same time left unchecked. The government is controlled by the parliament, the parliament is controlled by the voters, and the judges aren't controlled by anyone. This is not a normal system. More mature countries have institutions that allow to control and discipline judges," he said.
As he said, Americans "wonder that we cannot factor out certain contentious issues in Poland. When it comes to important matters, Americans are able to communicate. We also invite our political opponents to stop running around European capitals and complaining just because the Law and Justice government is enacting reasonable and sensible reforms," he said.
Safety above all else
Mr Morawiecki also noted that Americans understand the Polish policy towards refugees perfectly. "They understand that it's primarily about safety, that borders must be safe. We also look at it in that way. When I said that we have accepted 1.5 million Ukrainians, of which tens of thousands come from areas currently suffering from war, the example was absolutely understandable for Americans," he said.
Mateusz Morawiecki flew to New York on Wednesday night. He is flying back to Poland on Friday evening.
Źródło: tvn24.pl
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