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PFR

Scale of economic upswing will likely surprise us - expert

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.

State agency PFR upbeat on Poland's growth, warns against pandemic risk

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 to receive nearly EUR 1.6 bln from anti-crisis package

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.

Polish Venture Capital funds market experiencing unprecedented growth

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.

Passage to India! Polish investors cast their eyes towards India

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.

Sectors subject to restrictions receive almost EUR 874 mln in aid

Within the Polish Devlopment Fund's (PFR) 'Financial Shield' to mitigate fallout from the COVID-19 crisis, sectors affected by restrictions have received almost PLN 4 billion (EUR 874 million) in support, PFR President Pawel Borys tweeted on Wednesday.

Poland's business relief scheme will boost deficit to 12 pct of GDP

The PFR shield, a multi-billion government programme aimed to prop up Polish businesses hit by the coronavirus crisis, will have to be included in the general government deficit in 2020, raising it to 12 pct of the country's GDP, a deputy minister said.

Gloomy unemployment and wage scenarios not true - official

President of the Polish Development Fund (PFR) Pawel Borys wrote on Twitter on Wednesday that "gloomy predictions regarding unemployment and wages have not come true."

Poland's economy likely to grow by 4-5 pct q/q in Q3 - official

President of the Polish Development Fund (PFR) Pawel Borys on Friday expressed his conviction that Poland's economy was likely to increase by 4-5 percent quarter on quarter in the third quarter of 2020.

Polish firms receive EUR 13.8 billion under anti-crisis package

A total of 345,542 companies employing 3.12 million people have so far received PLN 60.05 billion (EUR 13.75 billion) under the Polish Development Fund's (PFR) financial shield amid the coronavirus pandemic, PFR head Paweł Borys said on Monday.

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