Polish Development Fund
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Polish Development Fund
The Polish Development Fund (PFR) ( pl, Polski Fundusz Rozwoju) is a state-owned financial group, headquartered in Warsaw, which offers instruments supporting the development of companies, local governments and individuals, and invests in sustainable social development and national economic growth. Summary The mission of the PFR as a Polish promotional financial institution is to implement programs enhancing the long-term investment and economic potential and supporting equal opportunities and environmental protection. PFR was established in April 2016 as part of the government’s Plan for Responsible Development drafted by Deputy Prime Minister, Minister of Economic Development and Finance Mateusz Morawiecki. Paweł Borys has been the first President of the Management Board of PFR since 1 May 2016. The PFR Group is a new entity which continues, in a new format, the tradition of Bank Gospodarstwa Krajowego, established in 1924 as a part of the reform program of Prime Minister W ...
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Ministry Of State Treasury (Poland)
Ministry of State Treasury of the Republic of Poland (or just Ministry of (the) Treasury according to its own English webpage) was formed to administer issues related to State Treasury of Poland. The formation of the ministry occurred in 1996 during the Polish administrative reform of 1996. It was dissolved in 2017. The ministry traces its history the Ministry of Ownership Transformation (Ministerstwo Przekształceń Własnościowych), established around 1990 to oversee privatization of the economy of Poland, which before 1990 was significantly controlled and owned by the communist government of the People's Republic of Poland. In modern Poland, the Ministry of State Treasury of the Republic of Poland is separate from the Ministry of Finance of the Republic of Poland. However, until 1950, the modern Polish Ministry of Finance functioned under the name of the Ministry of State Treasury. In 1950, the Ministry of State Treasury was liquidated and a new Ministry of Finance was create ...
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Warsaw
Warsaw ( pl, Warszawa, ), officially the Capital City of Warsaw,, abbreviation: ''m.st. Warszawa'' is the capital and largest city of Poland. The metropolis stands on the River Vistula in east-central Poland, and its population is officially estimated at 1.86 million residents within a greater metropolitan area of 3.1 million residents, which makes Warsaw the 7th most-populous city in the European Union. The city area measures and comprises 18 districts, while the metropolitan area covers . Warsaw is an Alpha global city, a major cultural, political and economic hub, and the country's seat of government. Warsaw traces its origins to a small fishing town in Masovia. The city rose to prominence in the late 16th century, when Sigismund III decided to move the Polish capital and his royal court from Kraków. Warsaw served as the de facto capital of the Polish–Lithuanian Commonwealth until 1795, and subsequently as the seat of Napoleon's Duchy of Warsaw. Th ...
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Poland
Poland, officially the Republic of Poland, is a country in Central Europe. It is divided into 16 administrative provinces called voivodeships, covering an area of . Poland has a population of over 38 million and is the fifth-most populous member state of the European Union. Warsaw is the nation's capital and largest metropolis. Other major cities include Kraków, Wrocław, Łódź, Poznań, Gdańsk, and Szczecin. Poland has a temperate transitional climate and its territory traverses the Central European Plain, extending from Baltic Sea in the north to Sudeten and Carpathian Mountains in the south. The longest Polish river is the Vistula, and Poland's highest point is Mount Rysy, situated in the Tatra mountain range of the Carpathians. The country is bordered by Lithuania and Russia to the northeast, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the south, and Germany to the west. It also shares maritime boundaries with Denmark and Sweden. ...
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Mateusz Morawiecki
Mateusz Jakub Morawiecki (; born 20 June 1968) is a Polish economist, historian and politician who has served as prime minister of Poland since 2017. A member of Law and Justice (PiS), he previously served in the cabinet of prime minister Beata Szydło as deputy prime minister from 2015 to 2017, Minister of Development from 2015 to 2018 and Minister of Finance from 2016 to 2018. Prior to his political appointment, Morawiecki had an extensive business career. Born in Wrocław, Morawiecki became heavily engaged in anti-communist movements in his youth. He attended the University of Wrocław and extended his education at the University of Hamburg and University of Basel. He obtained degrees in arts, business administration and advanced studies. From 1996 to 2004, Morawiecki lectured at the Wrocław University of Economics, as well as from 1996 to 1998 at the Wrocław University of Technology. From 1998, Morawiecki worked for Bank Zachodni WBK from the Santander Group, where he was ...
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Bank Gospodarstwa Krajowego
Bank Gospodarstwa Krajowego (BGK) is a Polish national development bank with headquarters in Warsaw, is a state-owned bank in Poland, operating under a dedicated bill of law. Its main tasks are: support and servicing of export transactions, issuing governmental guarantees, and support of housing. Founded in 1924 under an initiative of Minister of Treasury Władysław Grabski, its first president was a former Minister of Treasury, Jan Kanty Steczkowski. The bank was involved in Polish international trade, funding of numerous companies and of Polish Central Industrial Region. After the World War II its activity was gradually phased-out, reactivated starting in 1989. Headquarters The bank's monumental modernistic headquarters was designed by Rudolf Świerczyński. Constructed in 1928–1931, it was recognized as a monument in 1965. History Second Polish Republic The history of BGK dates back to 1924 when the President of the Republic of Poland, at the initiative of the ...
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Polish Investment And Trade Agency
The Polish Investment and Trade Agency ( pl, Polska Agencja Inwestycji i Handlu, abbreviated to PAIH) is a Polish government agency which promotes Poland as an attractive destination for foreign investment. History In 1992, the Polish Agency for Foreign Investment (PAIZ) was created, which in 2003 was merged with the Polish Information Agency (PAI) to form the currently named Polish Information and Foreign Investment Agency (PAIiIZ) to co-ordinate the promotion of Poland as an attractive destination for foreign investment. In 2017 the Agency change the name to Polish Investment and Trade Agency (PAIH) Role Aside from the promotion of Poland for economic investment, PAIH also assists investors to overcome the administrative and legal hurdles that one must jump over when investing in Poland. The agency conducts investor surveys to determine the outlook of the investment climate in Poland. Its reports occasionally inform initiatives pursued by the Ministry of Economy. See a ...
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National Centre For Research And Development
The National Centre for Research and Development (NCRD, Polish: Narodowe Centrum Badań i Rozwoju) is an implementing agency in Poland, as it is understood according to the Act on Public Finance of 27 August 2009, established to carry out tasks within the state policies on science, innovation, as well as science and technology. Organisation The Centre's mission is to support Polish companies and science units in developing their abilities to create and make use of solutions based on research results. The above is done for the benefit of the society and to provide a developmental impulse to the Polish economy. Summary The chief aim of the Centre is to support the creation of innovative solutions and technologies that increase the competitiveness and innovation of the Polish economy. The NCRD is to strengthen the collaboration between business and academia, leading both to a greater engagement of entrepreneurs in research funding, as well as to a more effective commercialization ...
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Investment Promotion Agencies
Investment is the dedication of money to purchase of an asset to attain an increase in value over a period of time. Investment requires a sacrifice of some present asset, such as time, money, or effort. In finance, the purpose of investing is to generate a return from the invested asset. The return may consist of a gain (profit) or a loss realized from the sale of a property or an investment, unrealized capital appreciation (or depreciation), or investment income such as dividends, interest, or rental income, or a combination of capital gain and income. The return may also include currency gains or losses due to changes in the foreign currency exchange rates. Investors generally expect higher returns from riskier investments. When a low-risk investment is made, the return is also generally low. Similarly, high risk comes with a chance of high losses. Investors, particularly novices, are often advised to diversify their portfolio. Diversification has the statistical effect o ...
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Government Agencies Established In 2016
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed governme ...
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