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.
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Join us for a webcast on 14 February 2023 as KPMG professionals provide insights into the inner workings of CBAM, explore the effect that these measures have on organizations situated both within and outside the EU, and delve into why decarbonisation of production, whether that production is expected to be a key source of competitive advantage for selling into the EU market.
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We have recently seen a series of unprecedented interventions in the electricity market that are changing the situation of renewable electricity producers. On the one hand, both the European Commission and the government intend to impose additional financial burdens on producers, thus limiting their profits from energy sales. On the other hand, we are increasingly aware that renewable energy sources are the foundation of energy independence and security, and we can see changes on the horizon that may facilitate the development of renewable energy in Poland.
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czytaj więcejNew investment quarter has started. The agency has received 9 new project, therefore now the PAIiIZ leads 175 investments in total. If all the projects, which total value equals to 3271,85 million euro, are implements, there will be 32 197 of new vacancies created in Poland.
Since the beginning of the year, the agency has implemented 10 projects (162,14 million euro of total value and 2 697 new vacancies). Those investors, who decided to invest to Poland have business in the following fields: aircrafts, BPO, entertaining-scientific, automotive industry, ICT and food processing industry.