Former NBP head lands new job

Marek Belka, a former Prime Minister of Poland and a governor of central bank NBP has joined the board of directors at Echo Polska Properties (EPP) as an independent non-executive director.

Belka said that the increase in economic activity and infrastructure development will continue to drive prospects in the real estate market, and particularly in the retail sector.

“This is the sector with the highest growth potential, and this has been confirmed by various recent economic indicators,” he said.

“Economic activity in Poland continues to expand. Rising employment and wages, higher social transfers and low energy prices are expected to support faster consumption growth, which in turn drives the growth potential of the retail property market,” he added.