The Warsaw Voice » Comments » Monthly - August 13, 2008
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From the BUSINESS editor
   
Warsaw's Krakowskie Przedmieście street, one of the most prestigious and frequently visited in the capital, reopened after a major revamp July 13. A special event was held to mark the occasion, drawing throngs of city residents. The new-look street, which boasts historical churches, monuments and palaces on every corner, is a sight for sore eyes for both locals and foreign tourists, who have been particularly keen to visit the Polish capital this summer.

Even though the Amazon is thousands of kilometers from Poland, Poles have played a big part in the exploration of one of the world's most famous rivers. One such traveler was Jacek Pałkiewicz, who has conclusively established the true source of the river, and whose findings have been officially accepted by the Geographical Society in Lima, Peru.

The Polish economy continues to grow rapidly, unscathed by the global slowdown. The finance ministry expects 5.5 percent GDP growth for the whole year. At the same time, the ministry has warned that the risk of a slowdown in the longer term is growing. Under targets for the 2009 budget, the GDP growth rate next year is projected at 5 percent. However, economists say the modernization of the Polish economy, along with foreign and domestic investment contributing to higher productivity, will not let growth here slow as much as in the euro zone.