Poland to Receive Over EUR 10 bn From Cohesion Funds
Poland will receive EUR 10.2 bln from the EU cohesion fund in 2011,
according to the draft EU budget accepted by the European Commission on
Tuesday.
The total pool of cohesion and structural funds in 2011 will amount to
EUR 42 bln out of a EUR 142 bln budget, i.e. 17% more than in 2010.
The draft budget assumes an unprecedented increase in spending on
cohesion policy in 2007-2013 financial perspective, Commissioner for
Financial Programming and Budget Janusz Lewandowski said.
"Cohesion policy is anti-crisis policy," he added.
These funds from the EU are a wonderful opportunity for Poland to develop the infrastructure and ensure a firm place for the future BUT somehow the process of spending this funding is taking on a very slow processing system.
Unless the powers that be, begin to work much more quickly at utilising these funds and spending them on a properly planned basis, the money will be withdrawn. It is a question of 'Use it' or 'Lose it
The time has surely come for the spending of this money and not the constant delays and indecision which are plaguing the system.
Blog by Michael Clay
Recent Posts
- Renewable Energy Seminar and Conference in London 26th January
- Retail Sales Likely to Grow Record High Ahead of VAT Hikes
- Poland May See Short-Term Price Growth After Euro Adoption - Finance Ministry's Report
- Poland Improving Amid Crisis
- Polish GDP to Grow 3.1% in 2010: IMF
- Polish Exports Gaining Momentum
- Poland to Receive Over EUR 10 bn From Cohesion Funds
- Poland's Euro Adoption in 2015 Seen Possible" - Dep FinMin
- Poland's GDP to Grow by 2.75 pct This Year – IMF Forecast
- European Commission Predicts Poland's GDP Growth Highest in EU
Tags
warsaw PKO BP Fit Out Polands GDP Dell Michael Clay Interior Design British Polish Chamber of Commons Mayor Warsaw GDP of Poland, euro adoption, EU Funding British Polish Chamber of Commerce Credit Crunch Business Incubator european commission Hanna Gronkiewicz-Waltz Euro Property Eurozone Food Poland's economy wine Lodz manufacturing Financial Crisis Discover Poland, Poland Interest Rate Polish Food business centre DKM Real estate Low cost Airlines UK Supermarkets Central Bank Poland's budget Exports from Poland Employment Export to Poland Zloty Davidoff Kleeberg & Maresch
- British Polish Chamber of Commerce (7)
- British Polish Chamber of Commons (2)
- business centre (2)
- Business Incubator (1)
- Central Bank (23)
- Credit Crunch (30)
- Davidoff Kleeberg & Maresch (2)
- Dell (1)
- Discover Poland, (1)
- DKM Real estate (2)
- Employment (10)
- EU Funding (12)
- Euro (19)
- european commission (9)
- Eurozone (19)
- Export to Poland (22)
- Exports from Poland (16)
- Financial Crisis (29)
- Fit Out (1)
- Food (3)
- GDP of Poland, euro adoption, (3)
- Hanna Gronkiewicz-Waltz (1)
- Interest Rate (19)
- Interior Design (1)
- Lodz (1)
- Low cost Airlines (2)
- manufacturing (7)
- Mayor Warsaw (1)
- Michael Clay (6)
- PKO BP (1)
- Poland (31)
- Poland's budget (16)
- Poland's economy (16)
- Polands GDP (17)
- Polish Food (2)
- Property (4)
- UK Supermarkets (1)
- warsaw (5)
- wine (3)
- Zloty (21)
Comments
Post has no comments.