Poles will likely have to endure elevated inflation levels for the coming two to three years, according to Pawel Borys, head of the Polish Development Fund (PFR).
The European Investment Bank (EIB) and the Polish Development Fund (PFR) have signed an agreement on cooperation in areas such as environmental protection and climate change.
Bringing down inflation will require time and a tighter fiscal policy, the Polish Development Fund (PFR) wrote on Tuesday in a commentary on the latest inflation statistics.
The war in Ukraine and sanctions on Russia will result in a further increase in inflation, but in 2023 the Polish economy may enter a period of stagflation, the head of the state-owned Polish Development Fund (PFR) has said.
Poland's cabinet adopted a resolution on Tuesday extending the ongoing Covid relief programme for large firms, the government press office said in a statement.
The speed of Poland's economic recovery from the Covid-19 crisis may be much greater than expected, a deputy head of the Polish Development Fund (PFR) has said.
Poland's economic growth could reach up to 5 percent this year, but if the coronavirus restrictions are prolonged for a considerable time, GDP expansion may be as little as 2 percent, the head of the state-run development fund PFR, Pawel Borys, has said.
Polish companies will receive a total of nearly PLN 7 billion (EUR 1.6 billion) from the Polish Development Fund's (PFR) 'financial shield' as part of the assistance programme designed to counteract the effects of the coronavirus pandemic.
Poland's Venture Capital funds market is developing rapidly, with 2020 being a record year, the head of the state-owned Polish Development Fund (PFR) Ventures has said.
A new report issued by PFR and PwC shows India as having the potential to become the most attractive market for Poles to consider investing in.
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