According to information released by the Polish News Agency (PAP), Polish Finance Minister Jacek Rostowski is suggesting to get to a safe level of budget deficit in small and safe steps, Polish Market chief economist Jan Sosna writes. Such moves as the proposed VAT increase are able to reduce the deficit by merely 0.5% GDP. Thus, in order to achieve the desired result, an entire package (i.e. 5-10) of similar projects should be introduced.

Representatives of leading Polish insurance companies discussed cooperation opportunities with their Chinese partners at an EXPO 2010 sideline event in Shanghai on July 21. The seminar presenting the potential of the Polish insurance sector was organised by the Office of the Commissioner General of the Polish Section at EXPO 2010 in cooperation with the Polish Insurance Chamber and the Commerce and Investment Promotion Department of the Polish Consulate General in Shanghai.

SEA-invest, a privately owned Belgian company handling ports, is to invest EUR 40-50 million in the construction of a dry bulk handling and storage terminal at Gdansk port, northern Poland, Sławomir Majman, president of the Polish Information and Foreign Investment Agency told a press conference in Warsaw. The investment will be carried out via SEA-invest’s Polish branch, Port Polnocny, which operates a terminal at Gdansk port handling exported bulk cargo.

Around 200 delegates, including more than 150 exporters representing various industries attended the a conference of the Polish Exporters’ Association in Warsaw. The participants discussed export promotion as a means to hasten economic growth and summed up to-date achievements in building an export-oriented economy in Poland.

In an interview for Polish Market, Poland’s Minister of the Environment Professor Andrzej Kraszewski discusses the importance of innovative pro-ecological technological solutions and the GreenEvo project advantages.

Social networking has become a mainstream business tool in Poland with 43% of businesses having successfully used social networks to win new business, reveals a new global survey commissioned by global workspace solutions provider Regus.

The total value of transactions made in the first six months of 2010, including the recent sale of the portfolio of logistics centres valued at approx. EUR 90 million, exceeded EUR1 billion, which was nearly 45% up on the total investment volume in 2009.

Most reports and rankings name the Małopolskie, Mazowsze and Śląskie provinces as the most investment-friendly parts of Poland. Does Podkarpackie have a chance to join this exclusive club today? “Polish Market’s” Maciek Proliński reports on changes in the region over recent years.
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