According to representatives of International Monetary Fund, notwithstanding international situation, Poland is doing better than expected.
During a press conference IMF experts claimed that better result are due to robust condition of Poland's Economy, reforms and macroeconomic management.
Julie Kozak, an IMF representative, said that Economic growth of Poland corresponded to the forecast for this year's growth at 2.6 percent. She reckons that the risks are connected with external factors.
Also, IMF predicts further reduction of deficit in public sector finance.
The IMF experts positively evaluated current pensionary reform which, among the others, will increase the retirement age to 67 years old.
They admitted that current pensionary reform will in long perspective have positive impact on stabilization in public finance. It was also added that the increase in retirement age will improve the pension level too.
Experts of the fund also commented on the raise of prices in Poland. As the IMF representatives informed, the inflation should keep declining and achieve 2.5 percent by the middle of 2013 due to recession in Economy and changes in salaries.
They also mentioned that the latest increase of interest rate made by NBP had been unjustified.
According to specialists the increase of the interest rate made by NBP does not look reasonable during economic recession, predicted decline in inflation and changes in salaries. They believe that the interest rate should be decreased in case of severe recession and low perspective of inflation in Poland.
During the Investor Gala organized by the Polish Investment and Trade Agency (PAIH), the Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) announced its decision to establish a Technology Park in Poland.
czytaj więcejThe Polish cosmetics industry is increasing its presence on the Italian market, highlighting the growing export potential of Polish beauty products. A significant share of Polish cosmetics exports goes to European Union markets, reflecting strong integration with the European cosmetics sector.
czytaj więcejTen Polish food producers participated in a business mission to Denmark organized by the Polish Investment and Trade Agency (PAIH). During the event, the companies held as many as 150 business meetings in a single day, creating concrete opportunities for export contracts with Danish partners.
czytaj więcejRepresentatives of Polish and Swedish business and institutions met during a Polish–Swedish Business Dinner to discuss the future of bilateral economic cooperation and identify new areas for joint development. The meeting brought together dozens of key companies from both countries, highlighting the growing importance of this partnership.
czytaj więcejRepresentatives of Poland and Jordan met at the headquarters of the Polska Agencja Inwestycji i Handlu (PAIH) in Warsaw to discuss opportunities for strengthening bilateral economic cooperation.
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