Minister Waldemar Buda was the guest of the first day of the congress debates. The Head of MEDT discussed the future of financial markets, inflation, interest rates and support to the borrowers. One of the most up to date issues raised by the Minister was the details of the support package for the mortgage borrowers currently drafted by the Government.

The credit vacation will be limited to a single mortgage loan only. The borrowers with several mortgage loans will be entitled to preferences in the form of credit vacation covering one loan

– said Minister Waldemar Buda.

While referring to the new interest rate indicator for mortgage loans, which according to the governmental plans is supposed to replace WIBOR, the Head of MEDT explained that the essence of this idea is to work out the solutions, in which the reference rate will reflect the cost of money on the inter-bank market.

Our aim is to approximate the reference rate and the reference rate of the National Bank of Poland, which reflects the actual cost of money in the inter-bank space

– explained the Minister.

Buda: new one-year treasury bonds

During the Wednesday opening speech at the Impact’22 Congress, Prime Minister Mateusz Morawiecki announced the new type of one-year bonds linked to the interest rate of the central bank.

The new bonds address the fears of all savers in the era of growing inflation

– assessed the Minister of Economic Development and Economy in his interview with the Polish Press Agency.  According to Minister Buda, one-year bonds will revolutionise the existing offer for individual clients.

The promise of one-year bonds with the rate of 5.25% is the highlight of the day. This offer overtakes the existing interest on cash deposits by two or even three times

– stressed the Head of MEDT.

The Minister of Economic Development added that the planned bonds can be hardly compared with the offer of currently available cash or bank deposits.

What we speak here about is the annual scale above 5 percent which is the reference rate of the National Bank of Poland. This makes it a highly attractive offer for all these willing to save, having no deposits yet but holding their cash and being afraid of its buying power linked to the inflation

 – assessed Waldemar Buda.

Semeniuk: the potential of women in public life and economy is invaluable

One of the issues discussed during Impact’22 was the role and importance of women in the economic life. Olga Semeniuk, Deputy Minister of Economic Development and Technology, attended the panel “Reshaping careers, reshaping industries. How to make use of the women’s abilities and develop the inclusive working environment?”. The Deputy minsiter stressed the invaluable potential of women in both public life and economy. Women are looking more boldly into the future and the number of women deciding to start their own business continues to grow.

Today’s women are more entrepreneurial and willing to start their own businesses. The increasing interest in sole-employment and running larger businesses among women has been continuously observed in the SME sector

– noted Deputy Minister Olga Semeniuk at the Impact’22.

Women have power. Women should be recognised the same way as men. There should be no disproportions between women and men

– stressed Olga Semeniuk. 

She added that the diversity of concepts and abilities increases the investment attractiveness of the enterprises, while inclusiveness should be understood as equal opportunities, barrier-free working environment, accessibility and use of individual skills. The Deputy Minister pointed also out at the need to guarantee the work-life balance to the women.

The key task of the economic, social and labour market policies is to balance the professional activity of women with simultaneous improvement in the fertility rate. The priorities in this area include: active family policy and guaranteeing the conditions enabling women to return to their careers after giving birth and maternity leave

– said the Deputy Minister.