A tax break for entrepreneurs, that will allow the deduction of 50 percent costs incurred for investments in automation by Polish companies, will total PLN 1.1 billion (EUR 247.2 million) over five years, Development Minister Jadwiga Emilewicz said on Friday.
The government would like to conclude work on the legislative correction to the so-called distance act, which limits the development of Poland's onshore wind energy, by the end of this year, Deputy PM and Development Minister Jadwiga Emilewicz said on Friday.
Polish Deputy PM and Development Minister Jadwiga Emilewicz stated on Tuesday that "a programme is being launched in Poland directed to companies, start-ups and freelancers who feel the political uncertainty in Belarus today and are seeking safe harbour."
The funds that Poland expects to receive from the European Union will be able to start working in the economy by as early as the first quarter of 2021, Deputy Prime Minister Jadwiga Emilewicz said on Tuesday during a press briefing.
The third and the fourth quarters of 2020 will see an economic recovery despite the difficulties connected with a second wave of the coronavirus pandemic, Deputy PM and Development Minister Jadwiga Emilewicz told private TV broadcaster Polsat News on Monday.
The Polish economy will contract by 4 percent in 2020 and investment will fall by 9 percent, with a 3-percent drop in consumption, Deputy PM and Development Minister Jadwiga Emilewicz told a news conference on Monday.
Commenting on the latest data on Poland's GDP 8.2-percent decrease in second quarter of 2020, Development Minister Jadwiga Emilewicz said that these figures confirm Poland is doing best in the EU with counteracting the economic crisis caused by the pandemic.
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.
The government's new tools to support the Polish economy affected by the Covid-19 epidemic will include "micro-shields" for the most endangered industries, deputy PM and Development Minister Jadwiga Emilewicz told Dziennik Gazeta Prawna daily on Monday.
Next year, Poland's GDP growth will accelerate to nearly 4 percent, faster than in countries of Western Europe, Deputy Prime Minister and Development Minister Jadwiga Emilewicz told the Gazeta Wyborcza daily on Monday.
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