The Three Seas Fund, designed to support regional cross-border investments in Central and Eastern Europe, will show its first viable projects in October, PAP was told by Pawel Nierada, deputy CEO of Poland's state-owned development bank BGK.
Polish President Andrzej Duda has declared that there is "a green light to offer US companies the best possible investment conditions in Poland," and stated that bilateral trade has recently grown by 50 percent.
The planned infrastructure and software hub Warsaw Google Cloud region will be set up in the capital as a technical and programming infrastructure hub for Central and Eastern Europe.
President Andrzej Duda said on Tuesday that large investments contributed to Poland's development. Duda made the statement on the construction site of the S-61 Via Baltica expressway in central Poland.
The shipping channel on the Vistula Spit will serve to strengthen Polish sovereignty, independence and freedom, said President Andrzej Duda during a visit to the construction site on Saturday.
Poland has overtaken Italy and become Germany's fifth biggest trade partner, the Development Ministry said on Tuesday, adding that bilateral trade rose by 6.6 percent in the first two months of 2020, which brought the trade balance to PLN 21 bln (EUR 4.7 bln).
Polish non-financial enterprises increased their investment spending by 4.3 percent year on year in the first quarter of 2020 to PLN 29.6 billion (EUR 6.5 billion), the Central Statistical Office (GUS) reported on Monday.
The European Bank for Reconstruction and Development (EBRD) will grant five loans totalling PLN 280 million (EUR 63 mln) for a portfolio of almost 200 MW in wind and solar energy in Poland, EBRD said in a Monday press statement.
The Polish investment vehicle Polish Development Fund (PFR) on Friday sold PLN 18.5 billion (EUR 4.1 billion) in five-year bonds at an annual interest rate of 1.625 percent, PFR head Pawel Borys wrote on Twitter.
Microsoft said it had signed an agreement with Poland’s cloud provider Chmura Krajowa. There are now around 1,500 companies operating in Poland with American investment, contributing over 300,000 jobs to the Polish economy.