The Polish government readies more than 20 tax and regulatory changes and simplifications to help attract capital to Poland and support development and foreign expansion of domestic businesses, the daily Dziennik Gazeta Prawna (DGP) reported on Wednesday.
Vice-President of the European Commission Frans Timmermans on Thursday said that transformation of mining regions may generate investment worth an estimated EUR 100 billion during the next seven years.
Large-scale public investments and encouraging businesspeople to invest have become particularly important in the times of the coronavirus crisis, PM Mateusz Morawiecki said on Facebook on Thursday after a closed-door meeting at the European Economic Congress.
The government wants to spend an extra PLN 5.5 billion (EUR 1.25 billion) on COVID-19 pandemic countermeasures in 2020, according to a Wednesday press statement.
Large investments are not only the engine of economic growth but also the foundation of future civilisation development, President Andrzej Duda wrote in a letter to participants of the 3rd Development Vision Forum in Gdynia.
Polish investors are increasingly interested in investing in foreign markets, with such total investments reaching PLN 2 billion (EUR 455 mln) only in June, the Rzeczpospolita daily wrote on Tuesday citing the data of NBP, Poland's central bank.
Infrastructure upgrades in Poland will have to speed up if the national economy is to draw new investment as it comes out of the coronavirus epidemic, PM Mateusz Morawiecki said on Friday opening a new stretch of the A2 motorway in central Poland.
Solid foundations in the real estate sector means Poland is still attracting investment despite Covid.
US investments in Poland have already totalled USD 62.7 billion, including over 50 percent or USD 38.3 billion, which have been underestimated, the Development Ministry wrote on Monday in a report covering the last 30 years.
According to the report by the Polish Development Fund and Dealroom.co, Poland has become a focal point of innovation and has a growing ecosystem that helps growing companies thrive.
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