Investments necessary to overcome crisis - Polish PM

Referring to statements, according to which the condition of Poland's public finances was poor, PM Morawiecki underlined that the demand for the recent issue of Poland's eurobonds was six times higher than the supply. Tomasz Waszczuk/PAP

Addressing a meeting with local government reps in Mrągowo, north-eastern Poland, on Saturday, PM Mateusz Morawiecki underlined that small, medium-sized and large investments were necessary for Poland to overcome the crisis caused by the coronavirus pandemic.

The prime minister also said that he wanted local investments to be a driving engine of the Polish economy.

According to PM Morawiecki, Poland has been managing the crisis much better than West European countries. He said that, for instance, the number of unemployed persons grew by nearly 200,000 in Portugal, whose population stands at 10 million, whereas in Poland it went up by 92,000.

"Today, we have been saving Warmia and Mazury, north-eastern Poland, in two ways. First, several million of Polish zlotys have already been spent to help entrepreneurs save jobs. (...) And there is another element, which is necessary to overcome the crisis, namely, funds for local investments for the good of residents and businessmen," Morawiecki stated.

Referring to statements, according to which the condition of Poland's public finances was poor, PM Morawiecki underlined that the demand for the recent issue of Poland's eurobonds was six times higher than the supply.

"This shows (...) that the entire world is of the opinion that Poland is highly reliable as far as its budget, debt and public finances are concerned," he concluded.