Treasury Ministry announces new plans for loan guarantees to small business

The Treasury Ministry has announced plans to create a new institution specializing in the provision of loan guarantees to small and medium sized enterprises. It is not yet known whether the new project will involve the creation of a new bank or whether the National Economic Bank (BGK), the current source of funds for small and medium sized enterprises, will be restructured. Representatives of the business sector have shown enthusiasm and strong support for the project. "It all has to be arranged so that this role is played by one institution with a strong capital base," said Tomasz Uchman of the Business Center Club (BCC). Krzysztof Zasiadly, the head of the Polish Business and Innovation Centres Association (OOIP), stated "The whole idea is very right, especially for companies which plan to export goods to the east, where guarantees are indispensible." (Prawo i Gospodarka, p. 1) A.K.