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DEI – Poland announces 230 billion euro plan to relaunch its economy

Date:

02/23/2016


DEI – Poland announces 230 billion euro plan to relaunch its economy

Poland’s Deputy Prime Minister and Minister for Development, Mateusz Morawiecki unveiled an economic development plan which includes ambitious measures geared  to stimulate growth and to support the innovation and competitiveness of the country’s economic system. Mr Morawiecki explained that the aim of the plan is to bring Poland’s per capita GDP up to the EU average by 2030. The plan involves five pillars: re-industrialization and the creation of new industrial sectors based on a development plan for clusters and industrial districts; improvement of the legislative framework to boost investments in research and development as well as cooperation between universities and the private sector; effective management of EU, public and private investments to foster economic growth; support for exports; implementation of measures to promote development in rural areas. Over one million zloty (230 billion euros) have been earmarked for the plan which will be financed with public and private funds, including European Structural Funds.

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