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.
We have signed a contract for the design and expansion of National Road No. 25 on the section between Zbiersk and Kokanin. The contractor, Strabag, has 39 months from the signing date to complete the project, which is valued at PLN 484,134,160.50. Drivers will be able to use the new 18-kilometre route in the fourth quarter of 2029.
czytaj więcejThe Wrocław Branch of GDDKiA hosted representatives from the Czech Road and Motorway Directorate (ŘSD) from the Hradec Králové office to discuss the connection between Poland’s S3 expressway and the Czech D11 motorway.
czytaj więcejThe Baltic Sea today plays a crucial role in the energy security of Poland and the wider region. It serves as a key route for oil and gas supplies, hosts underwater power and fiber-optic cables, and is the site of large-scale offshore wind farms that will supply Poland’s energy system in the coming years. With the growing strategic importance of the Baltic Sea and the ongoing war in Ukraine, the scale of threats to critical offshore infrastructure is also increasing.
czytaj więcejPoland is undertaking a major infrastructure project to implement the ERTMS/GSM-R system across the railway lines operated by PKP Polskie Linie Kolejowe S.A. as part of the National Railway Programme until 2030 (with a perspective to 2032). The project aims to modernize the signaling and communication systems, increasing the safety, efficiency, and interoperability of the national rail network with European standards.
czytaj więcejAs part of the National Railway Programme until 2030 (with a perspective until 2032), Poland is conducting a comprehensive study focused on the development directions of the national railway network, taking into account limitations at key railway nodes across the country.
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