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.
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.
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.
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."
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.
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.