This Year’s Economic Forum in Krynica began with the Plenary Session of Deputy Prime Ministers and Enterpreneurs

The 28th Economic Forum began with a discussion about possible scenarios for the development of Europe. The discussion Between Economy and Politics. In Search of Recipes for Economic Growth gathered both politicians and businessmen. List of participants included: Beata Szydło, Deputy Prime Minister (Poland), Valeri Simeonov, Deputy Prime Minister for Economic and Demographic Policy (Bulgaria), Stepan Kubiw, First Deputy PM, Minister of Economic Development and Trade (Ukraine), William Ribaudo, Managing Partner of Deloitte, Filip Thon, Chairman of the Board of innogy in Poland and Reinier Schlatmann, Pr CEO of Philips Central and Eastern Europe.

The guests who gathered at the hall in “Pijalnia” building were welcomed by the Marshal of the Lesser Poland Voivodeship, Jacek Krupa, and the mayor of Krynica-Zdrój, Dariusz Reśko.

For 27 years Krynica has become the world center of economic discussion. We have come a long way, from a small event to the one that is visited by representatives from more than twenty countries from Europe, the USA or Asia – said Dariusz Reśko.

During the inaugural debate, guests raised the subject of the relationship between the economy and the state and the impact of political security on the economic situation. Ukraine-Russia conflict could not have been omitted, with its economic consequences and the phenomenon of the so-called “Bad business”.

The panelists also referred to the tendency of looking for a better life abroad. The problem concerns young people, especially from Poland and Bulgaria, where the percentage of people leaving country for work is high.

It is in the power of each country to stop those who leave. In Bulgaria, we focused on the development of the IT sector, which currently employs 40,000 people who are well paid and do not think about emigration – argued Valeri Simeonov.

The development of digital sector was also touched upon in the context of corporations and the free market. According to William Ribaudo from the American company Deloitte, corporations that have decided to become better-digitalized create higher GDP, and their growing market value is directly related to the growth of the national economy.

Participants of the conversation paid great attention to the changes in the social structure in Europe and the impact of this process on the economic situation of the old continent. Reinier Schlatmann drew attention to the present opportunities for the health care sector:

Investments in health promise four-time return from each zloty spent. They become particularly important in the face of the global trend of an aging society. It is the challenges of this type that should become a platform of cooperation for both business and countries. With the increase in the number of chronic diseases, it becomes even more important to ensure universal access to health care and the use of new technologies for this purpose.

Debaters underlined the role of Poland in the energy sector of the global economy and talked about the issue of restrictions imposed by the European Union on the country. Polish Deputy Prime Minister, Beata Szydło, drew attention to the situation of big companies that have their branches in Poland.

What we need are global corporations that are able to use their potential in our market. However, these companies should understand that they need to also adapt to us as well: provide the same good salaries as in other countries, pay taxes in Poland and use Polish products in the production process. These are the key factors to success and good cooperation.

Beata Szydło also pointed out that Poland is currently the second country in the European Union when it comes to the speed of development.