Poland will receive an extra EUR 633mn, the Czech Republic - EUR 237mn and Slovakia - EUR 138mn in structural funds in 2011-2013, the European Commission has announced. The top-up is a direct consequence of stronger economic growth than forecast in these countries, it explained. The interinstitutional agreement on the 2007-2013 financial framework between the European Parliament, Council and Commission foresaw automatic adjustments for countries whose GDP had varied by more than 5% cumulatively over 2007-2009 compared to the forecasts when drawing up the framework. The economic growth of Poland over that period was 8% higher than forecast, whereas Slovakia's and the Czech Republic's were respectively 10.8% and 7.5% higher than expected, the Commission argued. tom
|
The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more
The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more
When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more