€11,700 to every migrant returning to the Polish capital and starting a business there.

Kinda reminds me of what happend in the baltics with the bank loans. Everybody was happy to get a beneficial loan from the new banks that started to expand aggressively in the area. They started to buy buy themselfs new cars, expensive flats and many entrepreneurs started to build huge properties that they were gonna sell when completed. The banks even went so far to introduce creditcards for children...

What happend was a total collapse in the area when the financial crisis of 2007-2010 and the property bubble came.

Today those countries still having a nightmare to recover from all of this.

Found an interesting article about it
socialistworld.net/eng/2008/11/06baltia.html

Another one
theglobalist.com/storyid.aspx?StoryId=7511

Woops seems that i went a little bit off topic!!! ;)

So rather than give them money when they have it, you'd give them money when they have it?
That amounts to the same thing, the government giving you money or not taking it away from you, no? Have these Lech kicked in or what? :)

That's a good start.

I wouldn't start a gyros place, I can tell you that much :)

I'm doing what I do, and it's working out. But considering the cheap labor here, why not manufacture something with high margins? Turbine blades for instance :)


Absolutely, if you want to make a boatload of money, go to the countries where the credit wave is first starting to roll over. Credit = 10 years of wealth introduced at once.

Tusk talks a good game but he hasn't really delivered any packages of any merit for Poles to feel more secure for their futures. This goes beyond business provision.

Time Seanus, time. The first round of legislation is going through the Sejm now - though I suspect the real meaty stuff will come after the next election.

I suspect that many people are about to see their cushy retirement schemes ended swiftly and decisively.

He's had almost 3 years, delph. He's missed chances to capitalise on the boom of 2/3 years ago in Poland.

And comparatively, what a great three years they have been.

I still don't see how this would work.
It's not as if Pawel gets off the plane back in the good old P.O. of land and get a cheque at customs.

For starters ever try and cash a cheque here?

The problem was with Lech's veto - the boom times would have been perfect to cut many of the State employees, as people wouldn't be too bothered about a few miners if they were busy getting rich - but Lech would have said no.

As far as I see it - the real work begins now.

It sounds good to me, but why stop at migrants. Just give whoever wants to start a business enough money and the results will be mind blowing. An economy that doesn't know the word "quit"!

And who pays? The workers aren't going to be too happy to be funding business owners left/right/centre.

You miss my point. One of the things that larger international companies are missing in the short term are the tax breaks. They already have the HR but it is being badly used due to the taxation laws. IE better to employ a student accountant in the firms international HQ for finance than to employ someone at a decent wage for more professional staff.

Edit: maybe you didnt miss my point, but I didnt make it clear what I was talking about.

I could not agree with you more.

As far as I am concerned, matching a good business plan's money, is definitely not charity (and there I was, enjoying your posts convex (:

I have always found that one of the best incentives in business, is when the person has their own interests in the results.

I think this can be achieved best through (DTaylor's) lowering of tax.

An alternative title to this thread could be, "If you were the government of Poland, could you think of better things to spend money on than bringing people back?"

Posts should read "Yes I can, how about a hot-tube"
Edit*


I think you had a good point, unless I missed that? :)

The people with the businesses will pay because governments tax them. It's better to have a population with businesses and people working because they are taxable and provide sales tax for the local government. The program will pay for itself. Better hope they all spend the money on the business though, and not off to the casino with it.

so the plumber business is going to pick up in poland?

Seanus, the fact that Poland was the only economy in Europe not to go into recession, even if you consider EU funding, must stand for something.

It some how don't figure, when the Gov is telling you all is well, we have the best performing economy in Europe, but still salaries are being reduced and costs are rising. The problem is not the Gov, it business that still wants the big margins that they had on the way up,its different dynamics now and business have to give back to employees and cut margins.

Many factors determine a slide, most of which are banker induced. Poland will plunge into problems with the advent of the EURO and being led off down the IMF's debt path.

It becomes a matter of what do you want your people to do, sit around complaining and soaking up entitlements or providing taxable goods and services so the money does some circulating. It's healthier to get the people involved in their own industry. It gives them a sense of pride and accomplishment. It is what all governments world wide should be doing, making it easy for anyone who wants to to go into business for themselves so they can take care of themselves!

Salaries have been rising all the time, slowly but steadily, unless you have other information?


What makes you say that?

You could argue it was the only one because it hadnt developed a financial basis like the others. Im not saying this is a good or bad thing.


The best performing economy is Germany, over the last quarter.


Therefore there actually is more money for the business' that done well during the boom.


Not exactly, rising yes, but rising towards current markets in the EU?

If you check with any of the head hunting company's in Poland, salaries decreased across the board by 30% on new hires 2008 into 2009. Most company's have used the F C as a reason not to increase salaries, in the meantime the PLN sunk and the price of imported goods increased.

Couple that with the fact that a large number of poles have mortgages in CHF and EUR and disposable income is decreasing.

No control of money supply = bad times.


Actually it was Belarus.


Salaries in Poland are increasing faster percentage wise than in most of Europe.

There is somewhat less steering by the Polish govt, Seanny. Countries with the EURO tend to charge exorbitant prices. When I was in Austria 5 years ago, the EURO prices were through the roof. Poland was MUCH MUCH cheaper than Austria then. It still is cheaper but the EURO has a spiral tendency. Trust me, everything would shoot up under the EURO and the poor would suffer greatly.

But still nothing compared to what they could get by crossing a border.


They are what i would consider a developing country, not to be considered right now on the EU market.

Have you any links for these, please?


It depends, now of course you are correct, more control over a more risky currency has helped but that is mainly luck of timing as regards the PLN.

The Euro is more stable and has less fluctuations, more control over a more risky currency is not the same as more stability on a currency overall.


PLN has much greater spiral tendencies.


I come from a Euro country, it literally happened overnight.

But PLN has still allowed many to have a reasonable life here without dipping as drastically as the dollar has. Maybe I'm wrong but I see the EURO as a posh currency, one of chic. It just has this air of superiority about it.

It wouldnt be as simple as all products and earnings would level those of other EU countries. Think of the Euro as seperate currencies.

They changed their president there that's why.They have now Lukashenko.

Growing up my whole life, it was the "all mighty dollar" (U.S.) that was the symbol of money.
But when I went to Cambodia and the local currency is hardly used, the cash machines spit out Euros, that was a bit of a shocker.

Maybe more Europeans travel to Cambodia?

I'm not talking about who's the biggest, U.S.A. is the superpower not Europe, for sure.
The fact that Euros are excepted in South America when I was there and basically all over, it is a major player now.
It's established and not going to give in to the fluctuations that Poland has been undergoing the last few years.
I mean a 30% devaluation is a bad thing, like the PLN has had but it was just lucky when it had it, no government incentives, just luck.

Internal consumption went up and exports went up, win win.