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.
Representatives of Poland took part in the international PDAC Convention trade fair in Toronto, one of the world’s most important events for the mining and natural resources sector. The Polish delegation included representatives of the Polska Agencja Inwestycji i Handlu (PAIH), led by the President of the Agency, Andrzej Dycha.
czytaj więcejHow can long-term investments be effectively stimulated through the capital market, and what regulatory changes are needed to achieve this? This was the central question of the debate titled “Stimulating Long-Term Investment through the Capital Market,” held on 26 February during the “Risk and Regulation” seminar in Warsaw at the headquarters of the Urząd Komisji Nadzoru Finansowego.
czytaj więcejNearly 60 hectares of fully serviced investment land located directly next to Port Lotniczy Olsztyn–Mazury in Szymany are waiting for an investor. This is a unique opportunity for businesses seeking a strategic location that combines access to air, road, and rail infrastructure with the growth potential of a dynamically developing region.
czytaj więcejThe Województwo mazowieckie region has already invested more than PLN 55 billion from European funds and the National Recovery Plan (KPO). As a result, roads, railways, public transport systems, and hospitals are being modernized. Digital, environmental, tourism, and education projects are also being implemented.
czytaj więcejThe EEC Trends conference brought together representatives of business, public administration, and financial institutions to open a debate on the future directions of the Polish and European economies. The Polish Development Fund (PFR) actively participated in the event, addressing topics related to security, new technologies, and the development of the defense industry. The meeting also served as a substantive prelude to the European Economic Congress (EEC), where PFR has announced a strong presence—both through a dedicated zone and expert panels.
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