PGZ with a billion PLN guarantee

The contract, signed on Friday 24 October, will safe the contractual obligations of the PGZ companies. The warrant to the group will besides make it easier for it to get more contracts, as it will be even more credible by having capital collateral. Prof. Marta Postuła, First Vice-President of BGK, emphasises: “The guarantees for the PGZ are circumstantial tools that strengthen the production capacity of the Polish defence manufacture and accelerate the implementation of key modernization programs of the Armed Forces of Poland. At the same time, bank guarantees safe the interest of the State Treasury, enable economical operators to safely start production and reduce the costs of execution of contracts_’.