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Poland -One of the fastest growing economies


Patrycja19 63 | 2,699  
8 May 2008 /  #1
Poland is one of the fastest- growing economies in Europe and looks to stay that way for the foreseeable future. Poland's 2006 GDP growth was in excess of 5% by most estimates and 2007 is set to keep pace. Strong foreign investment, European Union structural and infrastructure funds, excellent industrial growth and falling unemployment are playing key roles in this ongoing success story.

european-american-business.com/2007/p_086.php

Hearing so much negative of Poland, its refreshing to hear positive, but
what is the long term affects if Poland is moving forward, will American business
suffer?
Bratwurst Boy 12 | 12,086  
8 May 2008 /  #2
The Spiegel had an interesting article on that recently:

spiegel.de/international/europe/0,1518,551101,00.html

The Skinny Kids of Chynow

POVERTY AMIDST AN ECONOMIC MIRACLE
The Skinny Kids of Chynow

By Jan Puhl and Marta Solarz in Chynow, Poland

Poland is often praised as being the economic miracle of post-Cold War Eastern Europe. Despite the noble efforts of many, though, the changes haven't done much to help many children from going hungry.

southern 75 | 7,096  
8 May 2008 /  #3
Poland is often praised as being the economic miracle of post-Cold War Eastern Europe. Despite the noble efforts of many, though, the changes haven't done much to help many children from going hungry.

Typical german humour.Do you still use the term polnische Wirtschaft?
tornado2007 11 | 2,274  
8 May 2008 /  #4
One of the fastest growing economies that is subsidized by the richer EU member states :) It is not really a true reflection of Poland itself just that since joining the EU you've had enough money stuffed in your back pockets to make the seat of the pants tear :):)
BubbaWoo 33 | 3,510  
8 May 2008 /  #5
A pound today costs 4.30 zlotys. In May 2004 it cost 7.15. That's a 40% difference!
· Corporate investment in Poland is up by over 30% in Q3 2007 compared to the same period in 2006
· Consumer spending is up by 24% in Q1 2008 compared to the same period in 2007
· Poland's burgeoning middle-class consumers are clustered in six high-growth cities, all of which have unemployment of 4% or less (national average 11.1%)
· Average wages are soaring, rising by 10.8% in the year to March 2008
· The economy is based on solid fundamentals and is set to grow at 4.5%-5.5% for the next 5 years
· Over €67 billion in EU funds has been earmarked for Poland, with another €26 billion in Polish public and private sector match- funding. The lion's share of this €93 billion is to be spent on infrastructure projects. British firms with experience in PPP projects will have a head start in bidding for this type of work.

· Despite a strong zloty, Poland's exports grew by 15% to €101 billion, while imports grew by 17.7% to €119 billion
· British exports to Poland are lagging behind the Polish performance. In the first two months of 2008, Polish exports to the UK soared by 12.8% compared to the same period in 2007, in the teeth of a rising zloty. British firms only managed a 1.7% increase in exports to Poland during this period, even though a weak pound would have made their products far more competitive on the Polish market.

polishmarket.com.pl/document/:16938?p=%2FEconomic+Monitor%2F
tornado2007 11 | 2,274  
8 May 2008 /  #6
and the reason for this, Poland joined the EU :) If Poland was not part of the EU it would be in exactly the same position as it was in 2004. TO say 'Poland' has done this is rubbish, its EU driven and funded :) Let's not beat about the bushes here people
Bratwurst Boy 12 | 12,086  
8 May 2008 /  #7
Especially as so man fled the country!

I really don't see how working in other countries helps the re-building at home - but maybe the money send home does?

I mean I really have nothing against a working and successfull Poland, it's a great market for german exports and the more money poles have in their pockets the better for us too...but it would be really nice to get a "Thank You" sometimes or at least a recognition how much Germany did for Poland.

Without Poland in the EU and without the huge funds wandering your way there would
be nothing to write home about....
tornado2007 11 | 2,274  
8 May 2008 /  #8
my god i agree with a german about something, somebody call the police!!! What you say is true, of course nobody wants Poland to be in a poor state affairs but there is no need to overstate what has gone on and how 'brilliant poland is' when its the EU funding thats doing the work :)
Bratwurst Boy 12 | 12,086  
8 May 2008 /  #9
You agree with me??? With a GERMAN??? Oh my goooood!!! A miracle!!!

Come to my chest kamerad!

*snif*

:):):)
osiol 55 | 3,922  
8 May 2008 /  #10
I've agreed with various Germans at various times in my life. Me and my mates used to know a group of German students who lived in our town. We got on like a house on fire.

Call the fire brigade.
Bratwurst Boy 12 | 12,086  
8 May 2008 /  #11
*hugs donkey*

*get's all teary eyed*

Germans and donkeys UNITE!
IronsE11 2 | 442  
8 May 2008 /  #12
I've generally always found Germans pleasant...

*clutches chest*
tornado2007 11 | 2,274  
8 May 2008 /  #13
I won't comment on Germans but i agree with this one :)
Bratwurst Boy 12 | 12,086  
8 May 2008 /  #14
I've generally always found Germans pleasant...

Oh god! You must stop that!!! It get's to much....

*wishes tears from eye*

GROUP HUG!
Arise_St_George 9 | 419  
8 May 2008 /  #15
This is all due to the European Union. The Republic of Ireland went through this and they benefited hugely from joining the EU. The economic growth will eventually steady itself once they've caught up with the rest of Europe.
?????  
8 May 2008 /  #16
One of the fastest growing economies that is subsidized by the richer EU member states

It may seem that’s the case however when you read the articles on EU budget spending you will see a totally different picture emerging. Here are some stats for you. EU Budget 2006 Financial Report, published on 24 September 2007.

Of the EU's €106.6 billion budget, only €11.5bn was spent in the EU-10, whereas the five largest member states accounted for €97.4bn of EU spending in 2006.

Among the new members, Poland (€5.3bn), Hungary (€1.8bn) and the Czech Republic (€1.3bn) profited most from EU money. Among the 'old' member states France (€13.5bn), Spain (€12.9bn) and Germany (€12.2bn) received the largest share of EU spending.

Bratwurst Boy 12 | 12,086  
8 May 2008 /  #17
Among the 'old' member states France (€13.5bn), Spain (€12.9bn) and Germany (€12.2bn) received the largest share of EU spending.

Now ask yourself who pays how much for these spendings??? *waits*
?????  
8 May 2008 /  #18
Did I say that you should not have it? It’s you that makes it sound like it’s a charity case, and every time there is something positive it’s because Germans subsidized it, well it looks to me like you yourself are being subsidized and German success story is not all that. But I do expect that from a German. Sure we greatly benefit from EU there’s no denying that.

But I do expect that from a German.

Well let me take it back, it’s not Germans it’s the volksdeutch like yourself. I knew there is something fishy about you, but after reading one of your older posts by you I see.
Grzegorz_ 51 | 6,161  
8 May 2008 /  #19
This is all due to the European Union.

Oy vey... We've had strong growth for most of post-89... You ghays may talk about some tens of billions but in reality Poland has gotten so far netto something like 4-5 billion, not much for a country of this size. And in case of Ireland obviously market oriented reforms led them to success, without them they would end up like Portugal.
checkmate  
9 May 2008 /  #20
what is the long term affects if Poland is moving forward, will American business
suffer

Yes, how interesting, The current growth will put Poland on No 1 position in the world, poles believe in miracles, this will only change when Poles will be forced to repay the money on loan from the EU which have if fact caused this sudden wealth.
Bratwurst Boy 12 | 12,086  
9 May 2008 /  #21
Well let me take it back, it’s not Germans it’s the volksdeutch like yourself. I knew there is something fishy about you,

Says a "question mark"??? Au Weia!
Matyjasz 2 | 1,544  
9 May 2008 /  #22
and the reason for this, Poland joined the EU :) If Poland was not part of the EU it would be in exactly the same position as it was in 2004. TO say 'Poland' has done this is rubbish, its EU driven and funded :) Let's not beat about the bushes here people

Of course this rapid growth in polish economy happened due to funds from EU. And? What exactly does it change in the statement that "Poland is one of the fastest- growing economies in Europe and looks to stay that way for the foreseeable future."?

If you would take another look on the part of the article quoted by Patrycja you would see that it was actually already mentioned there:

Poland is one of the fastest- growing economies in Europe and looks to stay that way for the foreseeable future. Poland’s 2006 GDP growth was in excess of 5% by most estimates and 2007 is set to keep pace. Strong foreign investment, European Union structural and infrastructure funds, excellent industrial growth and falling unemployment are playing key roles in this ongoing success story.

Nuff said.

Well maybe aside from:

I mean I really have nothing against a working and successfull Poland, it's a great market for german exports and the more money poles have in their pockets the better for us too...but it would be really nice to get a "Thank You" sometimes or at least a recognition how much Germany did for Poland.

Thank you. :)

PS:

Oy vey... We've had strong growth for most of post-89...

True.
Kamil_pl  
13 May 2008 /  #23
I mean I really have nothing against a working and successfull Poland, it's a great market for german exports and the more money poles have in their pockets the better for us too...but it would be really nice to get a "Thank You" sometimes or at least a recognition how much Germany did for Poland.

You are joking right? You demolished out country in WWII and because of war that you started we ended up in the soviet block for nearly 50 years. Thank you!
OP Patrycja19 63 | 2,699  
13 May 2008 /  #24
this will only change when Poles will be forced to repay the money on loan from the EU

I think the Eu has enough patience to know that it takes a while before
you start profiting... every investment begins with loss. and poland seems
to be gaining..

but yas didnt answer my full question of will American Business suffer?

Someone I spoke with the other day says the economy is not suffering here
its a scare tatic to get people to freak out so they will spend.. go buy
alot of canned /non perishables and other stuff.. buy gas.. but really the
Oil giants are just raking in the dough..sitting back making up excuses.

I personally think it will because the big man is chewing his face to spite his
nose.. or however thats said.. hes screwing the driver not the car..
Seanus 15 | 19,706  
27 Apr 2009 /  #25
There is expected to be continued growth in some sectors, despite the downturn. I can't comment on the validity of that, I think it was a GUS source. It would appear to be implausible but who knows?
freebird 3 | 532  
27 Apr 2009 /  #26
what is the long term affects if Poland is moving forward, will American business
suffer?

no :-)
Guest  
28 Apr 2009 /  #27
" it would be really nice to get a 'Thank You' sometimes or at least a recognition how much Germany did for Poland." - What a f. JOKE!!! Not funny at all!
freebird 3 | 532  
28 Apr 2009 /  #28
" it would be really nice to get a 'Thank You' sometimes or at least a recognition how much Germany did for Poland."

whoever you may be, you know this ain't gonna happen. Poles will never show any kind of feelings toward Germans unless hatred. It's sad but it's just the way it is.

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