World Economy

Poland to Invest $490b by 2020

Poland to Invest $490b by 2020Poland to Invest $490b by 2020

At a press conference following a Cabinet meeting in Warsaw on Tuesday, deputy Prime Minister Piotr Glinski said, the Polish government approved an economic roadmap, which stipulates investments of more than 2 trillion zlotys ($490 billion) in the country’s economy by 2020, PAP reported. According to the Radio Poland broadcaster, the government approved the roadmap, dubbed the “Morawiecki Plan” after Finance and Development Minister Mateusz Morawiecki, includes multibillion investments from both EU funds and state-owned firms until 2020. The plan includes an outlook for the next 10 years. It assumes that per capita income in Poland over this period will reach 80% of the average in the European Union. In 2015 the figure stood at 69%. The plan also points to the need to reform the labor market and improve demographics. In 2020 the employment rate of people aged between 20 and 64 is pegged to rise to 71% from the 67.8% seen in 2015. The plan envisages an increase in investment, a greater role in international trade and a boost in investment of Polish companies abroad. 


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