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6/12/07

FreshPlaza: EU membership very beneficial to Polish economy

For the full report from FreshPlaza click on this link

EU membership very beneficial to Polish economy

An influx of EU development funds — some $81 billion for — has given the economy a nudge, as has investment in manufacturing plants by international companies. But in many areas it is Polish businesses that are leading the way, helping to cut the EU’s highest jobless rate to an estimated 13.1 percent in May.

Poland’s economy expanded 7.4 percent in the first three months of the year, the best quarterly result since the second quarter of 1997. That comes after a healthy 6.7 percent for all of 2006 that far outpaced the euro zone’s 2.7 percent.

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