BABS Initiative puts our region back on world investment map

The BABS (Baltic, Adriatic, Black Sea Initiative) is an initiative to put our region back on the investment map of the world, as assessed by the President of the Warsaw Stock Exchange (WSE) Marek Dietl during the Poland Great Project Congress.

The 12th edition of the Poland Great Project Congress started on Friday in Warsaw. Marek Dietl, head of the WSE and economic advisor to the President of the Republic of Poland, participating in the panel "BABS vs the Powers – The Powers vs BABS", pointed out that the Trimarium region is the fastest growing economic belt in the European Union, but at the same time – excluding Austria – it is a region with a low level of capital per capita.

He added that this initiative is different from what was observed in the 1990s, when a new model of capitalism characterizing our region was created, which is called a "dependent market economy".

"It consisted then in the fact that on the one hand there was great political independence of these countries, on the other hand, very high dependence on economic influences. Although Poland and Slovenia are characterized by the lowest economic dependence, still more than 30 percent of our GDP is created in enterprises with foreign capital," he reported.

(PAP)