| Poland Can Adopt Euro in 2013 at Earliest: IMF Official | |
| Poland
can enter the single European currency in January 2013 at the earliest,
the International Monetary Fund’s regional representative for Central
Europe, Mark Allen, told the PAP news agency. But Poland need not rush to adopt the euro as the single currency "is no wonder drug, nor is it the Holy Grail," he said. Poland’s deputy Finance Minister Ludwik Kotecki announced last week that, “amid a completely different macroeconomic situation” the government will not be taking the country into the eurozone in 2012, as it had planned. |
|
Blog by Michael Clay
Poland Can Adopt Euro in 2013 at Earliest IMF Official
Michael Clay - Thursday, August 06, 2009
Year 2015 Realistic for Poland's Euro Adoption: President
Michael Clay - Friday, July 31, 2009
Poland's euro adoption in 2015 seems an optimistic but already
realistic option, President Lech Kaczynski told a news conference,
quoting an opinion of professor Gomułka, a liberal economist.
Comments follow Wednesday statement by deputy FinMin Ludwik Kotecki, who admitted that Poland will adopt the euro later than in 2012.
"Euro adoption plan in 2011 was unrealistic from the beginning, year 2012 was unrealistic too so the resignation is a step in good direction," president said, reiterating that "euro is not a remedy for the crisis."
It is a shame that the adoption of the Euro is being delayed but perhaps the enthusiasm of Donald Tusk is not shared by the Finance Minister.
Comments follow Wednesday statement by deputy FinMin Ludwik Kotecki, who admitted that Poland will adopt the euro later than in 2012.
"Euro adoption plan in 2011 was unrealistic from the beginning, year 2012 was unrealistic too so the resignation is a step in good direction," president said, reiterating that "euro is not a remedy for the crisis."
It is a shame that the adoption of the Euro is being delayed but perhaps the enthusiasm of Donald Tusk is not shared by the Finance Minister.
Polish Central Bank Cuts Rates
Jeremy Freeman - Wednesday, May 13, 2009
Poland’s central bank cut its benchmark interest rate by a quarter point on Wednesday, to a record low of 3.75 percent as concerns that the economy is stagnating offset worries that the zloty is weakening.
This could at last mean that bank lending at a reasonable rate will start again giving a kick start to the Property and Finance sector
This could at last mean that bank lending at a reasonable rate will start again giving a kick start to the Property and Finance sector
In the current environment we should all be focusing on creating business opportunity - there is a lot of it out there. Now is a great time to start a business or look for creative ways of expanding. The role of the chamber is key in that as we have a single minded focus on promoting and networking that opportunity.
We are proud to be leading a business support programme under the banner of“Youth Business Poland”. This is part of a global programme which under the leadership of the Prince of Wales is aimed at enabling young people fromwhatever their background to start up in business. There are 3 simple steps:
1. Business concept and plan
2. Access to a professionally trained mentor in the early growth phase of the business
3. Preferential access to finance to enable the business to grow
This process serves to get the young business off to the best possible start. We are recruiting entrepreneurs from both Poland and the UK. A key thing in all this is creating networks so the business can flourish.
If you know someone who is looking to start up in businesses get them to take a look at Export Poland Training offers.
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
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