Poland's Economy Is Booming! The EU's Success Story?

I would recomend you to read The Guardian. They got exelent news on eveything negative and depressing there is in the world!

guardian.co.uk

Funny. In 1990 (or was it 1991?) the IMF supported Poland with 1 billion $ to aid the transition from communist economy to free market.

MF welcomes Poland's pledge to increase fund's resources by EUR 6.27bn
Poland made a pledge to contribute EUR 6.27 billion in additional financing to the International Monetary Fund to support funding for troubled countries, the IMF wrote in a press statement Thursday morning.

"I warmly welcome today's commitment by the Polish authorities to contribute EUR 6.27 billion (about USD 8 billion) in additional financing to the IMF," Managing Director Christine Lagarde said as cited in the statement.

Giving away EU funds to the IMF?

In 1976 the IMF bailed out the UK.

Which EU funds ?

bloomberg.com/news/2011-09-20/poland-may-remain-top-net-recipient-of-eu-funding-minister-says.html

And they are send to IMF ??

If a country is able to give away 6.27 billion Euros to the IMF crooks, how come that it still needs the funding from the EU? Some Polish politicians are trying to punch above their weight, that's all there is to it.

So the EU funds are being send to IMF or not ?


Does It ?

Doesn't it? ;)

The Other, don`t be so childishly silly. You know that European funds can`t be used in that way so why are you making a fool of yourself?

It is a loan, not giving away. Besides, the sum is perfectly proportionate to the size and condition of Polish economy.

It is a fair deal. And Poland is playing an active role.

In what condition is your wonderful Polish economy if it needs 67 billion Euros in aid, when millions of your fellow countrymen and women chose to leave, and when the young generation seems to have been abandoned by your political class?

guardian.co.uk/commentisfree/2011/may/31/poland-youth-low-grade-work

You're hopelessly naive, Pawian ... but optimistic, I'll give you that... :)

All I was saying is that it leaves a very bad impression when a country accepts billions in foreign aid, but at the same time hands out generous credits to an organization like the IMF. Looks like hubris to me.

Why are you coming here with such cheap arguments? :):):):)

Don`t you know that 85 cents of each euro that is transfered to Poland as EU aid goes back to Germany? :):):) Taking all countries of old EU, it is 46 cents.

Isn`t it a fantastic business??? :):):)

Other, high time to learn some Polish: :):):):):)


marucha.wordpress.com/2010/09/28/z-kazdego-euro-dotacji-ue-niemcy-odzyskuja-85-centow


I don`t care about your personal impression. :):):):):) What matters is that Poland must get 90 billions in the next budget. :):):):):) Let`s call it a compensation for betrayal of Poland in Yalta. :):):):):):):):) We are only taking back what we didn`t get right after the war.

It definitely doesn't in my opinion.

Poland will probably sale US bonds and purchase IMF bonds with a little less interest. May be 0,01 percentage point (US use to pay better).
That's all philosophy.


It would take too much text (of my crappy English) to correct above BS. My best advice: Read The Economist. In opposite to The Guardian they sometimes try to write sth. wise about Poland.

Well, at least I have some arguments... :)

You sound like an Israeli politician playing the Holocaust card.


Do you really believe that Poland would have made it this far without outside help?


The author was a Pole in case you haven't noticed.

guardian.co.uk/profile/adam-leszczynski

Thanks. It is very kind of you. :):):):):):)

I do, I just think it would have taken longer, that's all.

I find Polish people, on the whole, very willing and able.

Most likely too long. There's a reason why young Poles left their country in droves.


No doubt about that.

Foreign direct investment in Poland rose 46.7 percent last year, reaching $14.2 billion, up from $9.7 billion in 2010, according to the United Nations Conference on Trade and Development (UNCTAD). Global FDI rose 17 percent last year.

Growing foreign investment in Poland should come as no surprise, because Polish cities have for years been ranked high in league tables of the most attractive locations for investors. Poland's strong performance is confirmed in the Real Estate Investor Intentions survey conducted by the CBRE company and presented in March at the annual MIPIM 2012 real estate fair in Cannes, France. In the survey, Warsaw is the second most attractive investment destination on the European real estate market, right after London. The Polish capital ranks higher than Paris, which was very popular with investors last year, and also higher than Munich and Berlin in Germany.

warsawvoice.pl/WVpage/pages/article.php/24668/article

I heard about Poland offering the IMF a loan a while back.
It makes a country look very strong to be able, in this world recession, to lend to the lenders.
I am not a fan of the IMF but as a tactical point, it makes Poland look good.


After what happened in Ireland, I think realestate is not a good sector to build a whole economy on.
Out sourcing, pharmaceuticals, I.T. etc... these things actually create something not just add monetary value to something that already exists.

I flew over Warsaw there last week, the amount of road works, it's one huge building site.

I have noticed it, of course. But it makes worse! He has just translated one of the trivial, panic old Polish articles. Actually 90% of foreign articles about Poland are translations from (mostly outdated) Polish articles with all their faults.

Shyt, we are losing our Polish identity somehow. We are becoming Western Europe.

What a shame!

Shall I never drink freshly milked, foamy warm milk from the cow`s udder in my life anymore? The beloved taste of my childhood? :(:(:(:

According to this source, Poland is chosen by foreign investors mainly because it offers cheap, educated labor. Maybe Adam Leszczynski has a point after all?

busa.org.za/docs/Unique%20Investment%20Opportunities%20in%20Poland.pdf

"Owing to its still relatively low labour costs and highly qualified young workers, Poland is the leader in attracting direct foreign investments. ... According to the Polish Information and Foreign Investment Agency (PAIiIZ), the decisive factor in BOS companies choosing Poland is the availability of highly educated and relatively inexpensive professionals."


You forgot to mention that there was a decline of 32% in 2010...

paiz.gov.pl/poland_in_figures/foreign_direct_investment

I found out that I hadn't seen a horse since 1997...

Here you are:

Ojców National Park near Krakow:

Traveling around Poland - our photo stories with very personal commentary

You mean without being EU member ? It would be far ahead in my opinion.

Fascinating. Do tell...

The EU success story ?Poland's economy is blooming or booming, if you mean going boom - then you are right !

Stop that nonsense about Polish economy. I have had enough of that bulshyt.

You know nothing about it and the only knowledge you possess is taken from anti-Polish publications.

Why don`t you read some professional business sites? And neutral, first of all.

blogs.ft.com/beyond-brics/2012/03/26/poland-defiant-shoppers

There is obviously a communications problem in Poland - namely, someone has failed to inform Polish consumers that there is a crisis brewing and that they should keep their heads down and wallets closed.

February retail sales data released on Monday were surprising, showing an annual increase of 13.7 per cent while markets were expecting a 9.9 per cent increase.
"That is a very good result," wrote Malgorzata Starczewska-Krzysztoszek, chief economist for Lewiatan, the Polish employers confederation. "Polish consumers have long since factored in the news about an economic slowdown and it is only having a limited impact on their decisions."