The European Commission has raised the forecast of this year’s GDP growth by 0.7 percentage point, estimates from May this year. – up to 4.2%. This is higher than the government of Beata Szydlo and deputy PM Mateusz Morawiecki, who recently spoke about 4 percent.
A great chance to meet wonderful people, discuss the challenges as well as new business solutions, and incredible pride in being a part of this annual convention.
We are very glad to have that priceless privilege of participation in European Economic Forum which takes place in Lodz, on 16-17th of October 2017.
Foreign direct investment in Poland over the past 25 years has been above EUR 167 billion, on average, more than 6 billion euro is transferred to the our country each year. These investments have contributed to the growth of consumer and investment demand, the emergence of modern technologies, the development of enterprises, the improvement of production processes and supply chains, the improvement of the productivity of companies and their employees, wage increases and the decline of unemployment and, consequently, GDP growth in Poland.
Value of investment contracts with the use of EU funds exceeded PLN 200 billion, said Deputy Minister of Development Jerzy Kwieciński. In his opinion, the contribution of investment in economic growth will be increasing, over the whole year the investments may increase by over 3%.
The amount of PLN 129 million in the form of low-interest investment loans will go to companies from the sector of small and medium-sized enterprises in the Lodzkie and Małopolskie voivodeships. The agreement for their implementation with financial intermediaries was signed by Bank Gospodarstwa Krajowego.
The proposals of the Polish government are a signal for the “big business” to invest in Poland. The whole Poland as a one big special economic zone? It is possible – it all depends on how “big global business” is perceiving these proposals and how much others will have financial, economic, or perhaps geopolitical troubles.
The period of preferential payment of social security contributions will be extended to 3 years – proposed MRPiPS. The baseline would be 30 percent of the minimum wage in the first and second year of business and 60% in the third year.