Doha Bank hosts meeting on 'business opportunities in Poland'

Date

4/17/2016 1:24:31 PM

(MENAFN- The Peninsula) An official addresssing the conference.

DOHA: Doha Bank hosted a knowledge sharing session on “business opportunities in Poland” for the business community at an event held at Doha Bank headquarters.

Krzysztof Suprowicz Chief Ambassador of the Republic of Poland to Qatar; Katarzyna Kacperczyk Undersecretary of State for Economic Diplomacy the Americas Asia and Europe at the Ministry of Foreign Affairs of the Republic of Poland; and Doha Bank CEO Dr R Seetharaman were among others who attended the event.

Katarzyna Kacperczyk presented the audience an in-depth information about the current condition of the Polish economy the country’s business environment and investment opportunities. She also gave a brief about the opportunities available in the construction food IT furniture production and medical& pharmaceutical sectors in Poland. She elaborated on the Polish entrepreneurs’ innovation capabilities as the driving force of their success and the achievements of the Polish economy.

Addressing the event Dr Seetharaman said growth in advanced economies is projected to remain modest in line with 2015 outcomes at 1.9 percent this year. Citing IMF’s recent reports he said the Emerging and developing economies are expected to grow at 4.1 percent this year.

China’s growth forecast this year was expected to be 6.5 percent. India’s growth is projected to notch up to 7.5 percent in 2016-17. Brazil’s economy would now shrink by 3.8 percent this year.

The Global economy was increasingly vulnerable to “downside risks” including further market turmoil in the wake of this year’s China-led downturn.”

On the GCC economies he said the fall in oil prices had impacted the growth of regional economies. According to recent IMF forecast Qatar is expected to grow by 3.4 percent this year. Qatar has “significant” strength in defending its fixed exchange parity with the dollar due to availability of reserves to cover the monetary base and current account payments over the next four years.”

Dr Seetharaman also gave insight on Poland economy & Qatar-Poland relationships. He said: “According to recent IMF forecast Poland is expected to grow by 3.6 percent in 2016. Poland is one of the fastest growing economies in the European Union.

The first ever delivery of Liquefied Natural Gas (LNG) cargo was done in December 2015 to the Polish LNG Receiving Terminal in Swinoujscie. Poland represents a new market for Qatar gas’ premium LNG and the delivery of LNG into Poland further demonstrates its commitment to provide Europe with a clean energy source. In 2014 Poland recorded 40 percent growth in bilateral trade turnover to Euro 52.2 million with Qatar.

Qatar is witnessing extensive development and is implementing hundreds of large-scale projects in preparation to host the FIFA world cup in 2022. This encourages Polish businessmen and companies to work in the Qatari market.The Peninsula

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