Poland to launch post-crisis program to boost economy

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Poland to launch post-crisis program to boost economy

(Xinhua) 18:11, September 04, 2013

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KRYNICA-ZDROJ, Poland, Sept. 4 -- Polish Prime Minister Donald Tusk says his government will launch a post-crisis program to boost economic growth.

Tusk said measures would include attracting more investment, more flexible working hours and changes related to rules governing investments by local governments.

Tusk made the remarks Tuesday at the opening ceremony of the 23rd Economic Forum in Krynica-zdroj, a spa resort town in southern Poland.

Poland had maintained growth since the global economic crisis began in 2008, according to Tusk, while half of Europe experienced recession.

Poland's accumulated gross domestic product (GDP) growth in the past five years reached nearly 20 percent, and its GDP per capita increased from 7,100 to 12,500 U.S. dollars in the same period, Tusk said.

Analysts say the Polish economy kept growing during the global economic crisis and euro zone debt crisis thanks to a healthy domestic market, unique geographic position, EU support and a relatively conservative banking system. But the growth slowed last year and the government began to calibrate its policies.

The prime minister said the government expected economic growth to exceed 2 percent in the fourth quarter and surpass 1.5 percent in 2013. He said growth in 2014 was likely to be higher than 3 percent.

The three-day conference, under the theme of "Towards a New Deal," aims to discuss global economic, social and political transformations caused by the financial crisis.

The Economic Forum in Krynica, held annually since 1991, is one of the most important events in Eastern and Central Europe. More than 2,500 guests - academics, political and business leaders from 60 countries in Europe, Asia and America - attended the forum.

（Editor：WangXin、Hongyu）