Poland has ambitions not solely to meet up with, however to overhaul, main Western economies, mentioned Prime Minister Donald Tusk, the previous European Council President who in 2023 returned to Polish frontline politics.
Investments in Poland in 2025 will surpass 650 billion zlotys (155 bln euros) because the nation appears to take a number one position in Europe in areas resembling logistics, inexperienced power and synthetic intelligence, prime minister Donald Tusk mentioned on Monday.
Poland has ambitions not solely to meet up with, however to overhaul main Western economies, the previous European Council president – who final 12 months returned to Polish frontline politics – mentioned at an occasion on the Warsaw Inventory Change (GPW).
“We’re satisfied with the federal government that this can be a cautious estimate. As we speak I may truly announce that it will likely be nearer to 700bn zlotys (€167bn) than 650bn. It is a file determine, which we have not seen within the historical past of the Polish economic system”, Tusk mentioned.
Seeking to enhance power provides
The funds shall be allotted to develop Poland’s railway community, ports, inexperienced power, and cutting-edge know-how together with synthetic intelligence. Poland’s authorities will meet within the coming days with executives from Microsoft and Google for the US tech giants to finalise their funding within the nation, Tusk added.
Guaranteeing a easy provide of power shall be key for companies to maintain investing in Poland, the prime minister mentioned. The federal government is within the technique of choosing a location for a second nuclear energy plant in Poland, he revealed.
Poland has, in recent times, stepped up its efforts to higher compete with historically dominant European economies resembling France and Germany and spend money on essential sectors of its economic system. Its GDP final 12 months grew by 2.9% based on preliminary figures from Statistics Poland (GUS). Against this, Germany’s economic system contracted by 0.2% final 12 months.
Financial system grows as different international locations see a decline
The federal government expects Poland’s economic system to develop close to 4% in 2025 partly because of the greater than €50bn euros of EU funds that Brussels unlocked final 12 months, Tusk mentioned.
“We have determined to start a brand new part. Up till now we had dreamed of catching up with probably the most developed international locations. To meet up with probably the most affluent societies. As we speak is the second once we can say that it is doable, right here in Poland, to overhaul those who comparatively not way back checked out us from above.”
Poland’s earlier nationalist and EU-sceptic Legislation and Justice (PiS) authorities had determined to construct a significant European airport hub together with rail modernisation throughout the nation. These plans have been initially audited, after which amended by the brand new administration led by Tusk’s Civic Coalition (KO) get together.
Amongst different plans is the constructing of a deepwater container port in Świnoujście on the Baltic coast. By 2032, Poland could have invested 180bn zlotys (€43bn) in its railways, Tusk additionally introduced. These investments would, amongst different issues, assist the transportation of products from and to Polish ports, he mentioned. “By 2030, we must always triple the dealing with of cargo in Polish ports,” Tusk added.