Poland's faster economic development

Poland's faster economic development

Government plans for this year consist of three main objectives: ensuring faster economic growth, stability of public finance and improvement of economic situation for every Pole, declared Prime Minister Beata Szydło at the press conference after government meeting that took place on Tuesday.

Poland at G20 summit for the first time in history

Prime Minister Beata Szydło informed that this week Deputy Prime Minister Mateusz Morawiecki will represent Poland at G20 summit, a meeting of the representatives of the world’s largest economies. According to the Prime Minister, Poland’s participation in this summit is a great accomplishment for the country. We have been invited because of our economic situation, our results and Responsible Development Plan implemented by Poland, said the Prime Minister.

Mr Morawiecki’s participation in this meeting is a result of activities that the Law and Justice’s government carried out during the last year or intends to implement this year, stated Prime Minister. She added that this is just the beginning, since Poland’s goal is to gain permanent membership in G20.

The three objectives: Morawiecki’s plan, faster economic development and stabilisation of public finance

Prime Minister Beata Szydło recalled that her cabinet priority for 2017 is economic development, and so far Poland is developing faster than the government anticipated. We have three objectives: to implement Responsible Development Plan, ensure faster economic development and achieve stability of economic situation for Poles, announced the Prime Minister.

According to the Prime Minister, Poland will stabilise its economic situation and achieve faster economic growth. Therefore, the objective established by the Polish government is being met. At the same time she added, that this is further indicated by optimistic indicators of decrease in unemployment, growing consumption, as well as increase in State’s budget income. This is also a result of government socially-oriented programmes, such as Family 500+, which stimulate economic growth. As the Prime Minister observed, these initiatives are not only focused on the society, family and demographics, but also on the development. We introduce development-oriented programmes and projects that will have a meaningful impact on Polish economies growth. This is good news for Poles, concluded Prime Minister Beata Szydło.

Deputy Prime Minister Morawiecki: our economic, social and investment programmes are starting to work.

Poland has one of the lowest unemployment levels in the European Union, announced Deputy Prime Minister Mateusz Morawiecki. He added that the forecasts for economic growth in Q4 2016 have not come true. Poland reached economic growth of 2.7%. We have demonstrated that our economic, social and investment programmes are starting to work. This was the fastest growth in Q4 recorded in the past nine years and one of the best results in Europe. It is a good sign proving efficiency of our efforts, he indicated.

Deputy Prime Minister added that the economic growth translated directly into decline in unemployment, increase in wages, export and investments undertaken by Polish enterprises as part of the more economy for the Polish economy concept.

As regards the unemployment, Mr Morawiecki recalled that, according to the Eurostat methodology, the unemployment rate for Poland in February amounted to 5.4%, 8.1% for the EU, while the Euro zone had a 9.6% unemployment rate. We have on of the lowest unemployment levels in EU. We have reasons to celebrate, he stressed.

Salaries are increasing as well. When our predecessors were in charge, average increase in wages amounted to 2%, while at the end of the first two years of Law and Justice rule it amounts to 4.5–5%. We strive to ensure that the salaries increase along with the economy capacity, with the increase in GPB, so that it would not happen at the expense of our citizens, added Deputy Prime Minister.

Deputy Prime Minister pointed also to the increase in investments made in special economic zones. He underlined that once the ratio of foreign enterprises investing in such areas amounted to 85%; now it is 60 to 40%, to the benefit of Polish companies.

The original news is here: https://www.premier.gov.pl/en/news/news/prime-minister-beata-szydlo-faster-economic-development-is-one-of-the-top-priorities-for.html