The EU funds available for Poland under the 2007-2013 framework programme equal EUR 65.3bn, which is 40% of all CEE member-states. When complemented by the national public contribution, it totals EUR 82.8bn, according to a report by KPMG. By the end of 2011, Polish beneficiaries had signed contracts for EUR 52.4bn, which is 63% of the total budget. (vs. CEE average of 67%). In the meantime, more than 40% of the contracted grants, i.e. around EUR 23bn, was disbursed to the beneficiaries, which represents 28% of the total allocated budget for the 7-year period. Thus, Poland was the third worst performer (after Romania with 14% and Bulgaria with 19% vs. CEE average of 29% and 44% reported by the leaders, i.e. Estonia and Latvia), the report reads. In all CEE, by the end of 2011 more than 43% of the contracted grants i.e. EUR 60.8bn were distributed to the beneficiaries. |
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
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