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Post by Bonobo on Jul 25, 2011 18:39:39 GMT 1
UN notes Poland as investment magnet
25.07.2011 12:47
According to the latest report by the UN Conference for Trade and Development (UNCTAD) World Investment Report 2011 Poland has been placed 6th on a list of the most attractive investment locations for the years 2011-2013.
In 2010 Poland ranked tenth on the list behind China, the USA, India, Brazil and Russia , and leaving behind economic giants such as Germany, Great Britain and Singapore.
The report also notes Poland’s high ranking in the business services sector, while the southern city of Krakow has been placed first in the ranking of cities which have the best development perspectives for such services.
The Polish city is followed by Beijing, Buenos Aires ,Cairo and Sao Paolo.
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Post by Bonobo on Mar 11, 2012 13:41:43 GMT 1
President signs Polish 2012 budget
08.03.2012 14:09
President Bronislaw Komorowski has signed into law Poland's 2012 budget, which assumes that the deficit this year will not exceed 35 billion zloty (8.5 billion euros).
State spending will be set at 328.7 billion zloty (just under 80 billion euros) and expected income is estimated at 293.7 billion zloty (71 billion euros)
Assumptions in the budget act include GDP growth of 2.5 percent and average inflation of 2.8 percent.
The law also assumes the average Polish wage will grow by 4.1 percent and employment by 0.8 percent.
The unemployment rate at the end of this year is expected to be 12.3 percent .
The budget also assumes a the wage freeze in the public sector, although teachers will receive a pay rise of 3.8 percent in September, and soldiers and policemen will get an extra 300 zloty (70 euros) in their pay packets.
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Post by Bonobo on Apr 6, 2012 11:19:09 GMT 1
Polish economy fastest growing in EU
23.02.2012 11:30
Poland’s economy will be the fastest growing of all European Union countries in 2012, according to a new prognosis by the European Commission.
The EC has forecast that Poland’s GDP will increase by 2.5 percent this year.
For Poland, this is in fact worse than last year, which saw an advance of 4 percent. However, growth has slowed across the continent due to the ongoing turmoil in the eurozone.
According to the EC, the forecast for the GDP rate of the entire European Union is 0 percent growth, while the eurozone block is in the negative at -0.3 percent.
“The eurozone is in recession, but there are signs of stabilisation,” claimed Olli Rehn, European Commissioner for Economic and Financial Affairs.
Following Poland, the fastest growing economies in the EU this year are expected to be Lithuania, at 2.3 percent, and Latvia, at 2.1 percent.
Greece and Portugal are at the bottom of the rankings for 2012, with the economies of both countries set to shrink once again.
According to the statistics, the current recession has now caught up with 9 EU countries, only one of which – Hungary – is outside the Eurozone.
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Post by carolgreen702 on Sept 22, 2012 3:16:38 GMT 1
A proposed one percent rise in VAT will also be out before MPs later this autumn, a measure opposition politicians say they will oppose.
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