Depoliticization of State Companies, Billions from SAFE and Orlen's Growth
The podcast discusses the Polish government's efforts to depoliticize state-owned companies and the urgency of obtaining funds from the EU's SAFE program.
In the latest episode of the "Your Business" podcast, discussions center around the pressing issue of depoliticization within state-owned companies in Poland, a key electoral promise of the ruling coalition. Minister of State Assets, Jolanta Szymczyk PrzewoΕΊna, highlighted ongoing initiatives aimed at reducing political interference in the management and operations of these companies. A draft code of good ownership practices is set to be presented by Minister Wojciech Balczun, which aims to ensure transparency in appointing management boards and supervisory councils, while experts caution that the code's effectiveness hinges on its enforcement.
Additionally, the episode delves into the urgency of a proposed law related to the EU's SAFE program, which would allow Poland to acquire over 180 billion PLN (approximately β¬39 billion) in loans for defense purchases. This funding is seen as critical amidst rising security concerns in Europe, especially in the wake of geopolitical tensions. The Polish government is keen to secure these funds promptly to enhance the country's defense capabilities and invest in its military infrastructure.
The discussions emphasize the broader context of these developments within Poland's political and economic landscape, noting that successful implementation of the government's promises on depoliticization and external funding is crucial for maintaining investor confidence and ensuring sustainable growth in state enterprises, particularly as public scrutiny intensifies around governance in public sectors.