AmCham April Monthly Meeting with Krzysztof Mazur, Ministry of Development
Krzysztof Mazur, Undersecretary of State at the Ministry of Development
Aleksander Siemaszko, Deputy Director of the Department of International Cooperation and Trade
Tony Housh, Chairman of the Board, AmCham Poland
April AmCham Monthly Meeting in the new reality took place online. The meeting was devoted towards the coverage of key issues affecting global business today, namely the Anti-Crisis Shield and business support tools. Our guest was Mr. Krzysztof Mazur, Undersecretary of State at the Ministry of Development, the author and designer of many solutions proposed so far by the government. He was accompanied by Mr. Aleksander Siemaszko, Deputy Director in the Department of International Cooperation and Trade.
The principal message of the meeting was the fundamental importance of maintaining a good relationship and connection with the United States, where the minister stressed the important role of American companies protecting local employment. Our guest briefly characterized the main elements of the newly announced Anti-Crisis Shield 3.0. Admittedly, he confirmed that while preparing the assumptions of the Anti-Crisis Shield 1.0. and 2.0., the focus was mainly geared towards SMEs. Nevertheless, he understandably added the extreme importance of the role of large corporations, although in most cases such companies have a larger security buffer in maintaining liquidity and avoiding bankruptcy. Mr. Mazur stressed, however, that large corporations are not without aid and, for example, the Polish Development Fund (PFR) allocated over PLN 25 billion to help these companies as well.
The meeting confirmed again that the Ministry remains ready to cooperate with American companies. He advised to all companies that some urgent issues should be addressed (i.e. organizational difficulties related to the obligatory quarantine of cross-boarder workers and administrative decisions disrupting supply chain) through a dedicated website or directly to the Department of International Cooperation and Trade in the Ministry of Development.
During the meeting, the AmCham also highlighted the importance of not imposing new fiscal burdens, like sugar tax or digital services tax.
One critical issue stressed by Minister Mazur, is the announcement of the creation of a health care/pharma cluster in Poland. This cluster is a direct response to the COVID-19 threat, where in the long run the cluster will be a center for both research and producing companies. It is consequently a big challenge for the government to attract investors, incl. foreign capital. The idea behind the cluster is to both attract new investors and encourage existing companies in this industry to develop their competencies into knowledge-intensive processes.
This online meeting, as traditionally all AmCham Monthly Meetings, as a continuation of a dialog on the line of business-government, was a good opportunity to convey the problems or challenges of foreign companies operating in Poland.