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Polish deputy PM drums up business in US

16.02.2022 07:45
Polish Deputy Prime Minister Jacek Sasin has said he has outlined the merits of the Polish economy to potential investors during a visit to the United States. 
Polish Deputy Prime Minister Jacek Sasin.
Polish Deputy Prime Minister Jacek Sasin. PAP/Leszek Szymański

Sasin on Tuesday met with members of the board of the New York Stock Exchange (NYSE), Polish state news agency PAP reported. 

He was accompanied by Development and Technology Minister Piotr Nowak and the CEO of the Warsaw Stock Exchange, Marek Dietl, among other officials. 

After his talks on Wall Street, Sasin told the media: “We spoke about the possibilities of cooperation between Polish and American companies ... and between our stock markets.”

He added that one of the key topics was "the current state of the Polish economy," which he said was "immensely important to potential American investors."

Sasin, who is also minister for state assets, said the Polish delegation had described how Poland’s economy emerged unscathed from the COVID-19-related crisis, “posting record growth of 5.6 percent last year.”

Sasin told reporters that, according to international organisations and the European Commission, the outlook for the Polish economy "is similarly strong for 2022."

He said that he had also briefed US investors on the potential impact of a Russian invasion of Ukraine, noting that Poland was making preparations to "receive a massive influx of Ukrainian refugees."

If necessary, “we will seek assistance from our allies, mainly in the European Union, but also within NATO,” he added.  

On Monday, Sasin held talks with US Secretary of Energy Jennifer Granholm and the head of the International Monetary Fund, Kristalina Georgieva, in Washington, the PAP news agency reported. 

Afterwards, he said that Poland could count on the support of the United States if a refugee crisis unfolded. He described Washington as "a strategic partner” for Poland.

Nuclear energy

Sasin said in a TV interview on Tuesday that during his visit to America, he had also spoken about the plan for US companies to build a full-size nuclear plant in Poland.

“We’re on track to shortly make final decisions about the choice of the American partner and the financing arrangements,” he stated.

He added he had encouraged the IMF to help finance energy transition in countries where it is particularly challenging, such as Poland. 

Sasin noted that Poland’s state-owned copper giant KGHM on Monday sealed a deal with US firm NuScale Power for the construction of small modular reactors (SMRs).

In December, Poland's biggest oil refiner PKN Orlen teamed up with US corporation GE Hitachi to secure its own SMRs. 

Sasin's US visit continues on Wednesday with a trip to the Robinson copper mine in Nevada. The mine is owned by Poland’s KGHM.

(pm/gs)

Source: PAP, TVP Info