UKIE: first year in EU brought advantages only

APA - Austria Presse Agentur
opublikowano: 27-04-2005, 13:33

Warsaw (Puls Biznesu) – A report prepared by Polish EU ministry UKIE evaluates the first year in the union very positively. Fears connected with cheap food from EU, which was going to flood Polish market, bankruptcies of medium and small companies, worsening of the situation of farmers or buying out properties by foreigners did not become true.

Warsaw (Puls Biznesu) – A report prepared by Polish EU ministry UKIE evaluates the first year in the union very positively. Fears connected with cheap food from EU, which was going to flood Polish market, bankruptcies of medium and small companies, worsening of the situation of farmers or buying out properties by foreigners did not become true. Among the most important advantages, food exports are mentioned, which caused surplus in trade with EU countries. Polish employees did not move abroad. UKIE believes that Poland will be beneficiary of the EU budget. The use made of EU funds will become measurable in several years’ time.

In 2004, GDP growth amounted to 5.3 percent, the highest level since 1997. It is hard to say, how much of that was caused by EU membership and it did not help cut the unemployment rate, ( 19.1 percent), however. USD 7.86 billion (EUR 6.1 billion) of foreign investment reached Poland, which may be a sign of bigger investors’ trust in the country. Poland’s rating outlook was raised by Fitch and Standard &Poor’s agencies. The Polish currency zloty appreciated but it did not stop exports. Just before EU accession, in the January-April period, exports grew by 44 percent. In the May-December period, the growth remained high – 35 percent. In January and February of 2005, exports were 33 percent higher than in 2004.

Poland remains EU beneficiary. EUR 1.5 billion was the surplus in 2004. This year, the level of EU funds will be doubled, and so the advantages. Prices grew so fast last year, that this year, they will stabilise of even fall.

(USD 1 = EUR 0.774)

Poland/Economy/EU

 

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