by admin on December 2, 2008
Poznan is the centre of the world at the moment when it comes to climate change. Representatives from nearly every country in the world have started discussing climate change in Poznan with a view to replacing the infamous Kyoto Treaty which currently expires in 2012.
With the current economic climate, the timing isn’t good for countries to commit to spending on green technologies, many nations feel that they need to invest in the economy as it seems more pressing.
Poland gets more than 90% of it’s electricity from coal, and it is hard to hail the country as a promoter of green issues. Of course, many developing countries have this problem. Develop quickly or take a seemingly slower route to developing by looking for alternative greener but more expensive technologies is a problem many developing countries face.
by admin on December 1, 2008
The Polish government has launched an economic stimulus plan worth $31.4 Billion in order to stimulate the Polish economy but also to consolidate on the economic growth the countries economy has seen recently.
Poland’s economy is not suffering as much as other European countries from the current poor economic conditions but it is not immune to the effects.
“The consequences of the global crisis for Poland are not so grave”
said Polish Prime Minister Donald Tusk. But the country is taking steps to guard against the global economic down turn.
Poland is following other European countries who have set up stabilisation programmes to protect themselves from recession.
The National Bank of Poland is wary of the fact that the economy is slowing and has had to re-estimate predicted growth figures for 2009. The last few years have seen unprecedented growth for Poland and the global economic problems have put an end to that growth for now.
by admin on November 30, 2008
In a sign that the Polish economy is facing difficult economic times, the Polish government have cut interest rates by a quarter point to 5.75%.
Poland has also changed it’s predictions for economic growth in 2009. It’s predicted to be lower than the 4.8% originally predicted and is now predicted to be 3%. Other central eastern European countries have lowered their interest rates so that increased pressure on Poland to follow.
