Azerbaijani journalists visit Poland
Warsaw, April 1 (AZERTAC). A group of Azerbaijani journalists have visited Poland. The visit, organized by Polish ministries of foreign affairs and economy, saw the journalists become familiar with preparations for the next session of Azerbaijan-Poland Intergovernmental Commission to be held in Baku.
The Azerbaijani journalists met director of information department at Polish Information and Foreign Investments Agency Barbara Khamot.
Khamot highlighted activities of the agency, saying its main mission is to attract foreign investment to the country.
She said Poland is a perfect place to invest and develop business. Poland’s high-income economy is the sixth largest in the European Union and historically one of the fastest growing. After economic liberalization in the 1990s, the country’s gross domestic product (GDP) expanded at roughly 3% per year until the European Sovereign Debt Crisis, although it was the only country to avoid a decline in GDP growth in the E.U. The Polish economy is relatively favorable to foreign investors and entrepreneurs with various incentives design to attract both parties. However, the World Economic Forum ranked the country near the bottom of OEDC countries for clarity, efficiency and neutrality of legal framework used by firms to settle disputes - a key concern for corporations. After the collapse of the COMECON trading bloc in 1991, Poland moved rapidly to increase trade throughout the European Union. The $766.6 billion economy - by purchasing power parity - is now focused on manufacturing machinery and transport equipment that it exports primarily to Germany, with generally stable credit ratings, strong growth and manageable public debt.
She also said that Poland spent billions on education and innovations.
According to her, the European Investment Bank (EIB) is lending PLN 1 billion (some EUR 238 million) for the construction of the central section of Warsaw’s new metro new line, providing additional EIB support for the development of sustainable public transport in one of the most congested cities in Europe. Last year, the EIB granted a loan for the purchase of modern and energy-efficient rolling stock for the Warsaw metro.
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