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The Warsaw Voice » Business » October 11, 2017
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EU funds to speed up investments
October 11, 2017   
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Investments edged up 0.8% year on year in Q2 mainly thanks to new housing starts, with EU funds expected to stimulate further growth, daily Dziennik Gazeta Prawna writes.
However, progress in EU fund absorption remains slow, with less than 30% of the annual plan met at end-August. This is the worst result in history and a sign that Poland is lagging behind in investments co-financed by Brussels, according to DGP.
Polish investments will grow 6% in Q3 and Q4, but a stronger rebound will not take place until 2018-2019, mBank chief economist Ernest Pytlarczyk predicts as quoted by the newspaper.
Investment growth in Q3 should be more prominent than in Q2, but not significant, a source in MinFin tells DGP. The first signs of the rebound are already visible as in Q2 local governments boosted spending by nearly a quarter, while private investments appeared to have picked up slightly in Q3, the newspaper writes.
By contrast, state spending settled at just PLN 4.7 billion at end-August vs. the annual target of PLN 19.5 billion.
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