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Page 23

OUR GUEST

OUR HEARTS AND MINDS MAY BE FULL OF NOBLE IDEAS REGARDING EDUCATION, CULTURE, SPORT AND TOURISM, BUT WITHOUT A PROSPEROUS ECONOMY IN A GIVEN REGION, COMMUNE OR TOWN, IT WILL BE DIFFICULT FOR US TO IMPLEMENT THEM. Growing investments in individual regions of Poland Source: Own study

also want to build and strengthen cooperation between the world of science and business. But we must keep our feet firmly on the ground. That is why I always say that our hearts and minds may be full of noble ideas regarding education, culture, sport and tourism, but without a prosperous economy in a given region, commune or town, it will be difficult for us to implement them. We also count on improving the housing situation of Polish families. A new opening of the Housing Plus programme is ahead of us. We will analyse the extent to which it should involve further entities - developers, local government bodies and, above all, housing cooperatives. Soon we will also propose changes regarding the financing of Social Housing Associations. Under the new regulations, as of January 1 it is possible to invest in regions of Poland where mineral deposits can be found. What does this mean in practice? This decision was made because localities where the extraction of mineral deposits has become so difficult that it may be unprofitable in the near future, have argued that it simply didn’t make sense to prevent investors from coming in. PM

PM

Government-financed investment projects. The map shows the amount of funding available from the national budget, European funds, Special Economic Zones, Local Government Road Funds, Regional Operational Programmes and National Operational Programmes. * The data covers the period beginning November 16, 2015.

What are your economic forecasts for next year? The latest World Bank forecasts regarding the Polish economy are very optimistic. GDP growth of 3.6% is expected this year. Besides, both a correction of 2019 GDP growth and the World Bank forecast for 2021 mean that the Polish economy is likely to grow at a rate of 3.3% per annum. This confirms that the Polish market is stable. Poland is growing

three times faster than the Eurozone average. I keep stressing, however, that entrepreneurs are at the forefront of the economy. That is why they need to be supported through a streamlined legal environment which will help them to operate and develop their businesses. That’s also the mission of the Ministry of Economic Development. We are constantly trying to encourage entrepreneurs to invest their capital in Poland. It can help us to maintain our current image of a stable, predictable, and increasingly better socio-economically developed, and at the same time, secure country. Both from the point of view of investors and tourists who are more and more willing to visit Poland, thus appreciating what we offer in terms of culture and natural attractions. •

Can we expect a lot of investment in formerly excluded areas? All the time we listen carefully to the voice of local government bodies and the boards of directors of special economic zones. We try to meet their expectations by removing barriers that limit investment opportunities, and by creating a good climate. But ultimately, it will be up to entrepreneurs and their business decisions whether our actions do contribute to investment growth in Poland. PM

Source / Update: www.gov.pl /web/map-investment map #

2-3/2020 polish market

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Profile for Polish Market

Polish Market No.2-3 (293)/2020  

"Polish Market” is a prestigious English-language magazine published since 1996. In its pages, it promotes the Polish economy, businesses,...

Polish Market No.2-3 (293)/2020  

"Polish Market” is a prestigious English-language magazine published since 1996. In its pages, it promotes the Polish economy, businesses,...

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