Reka reke myje

A long-term economic campaign encouraging Poles to buy national products called “Kupujnasze” (“Buy Ours”) has been launched today.

The co-initiator of the campaign Jacek Sadowski stresses it is about “affecting the economy in a real way,” immensely important at a time of finance crisis. He points out that 60 percent of GDP in Poland is based on domestic consumer activity.

“Kupujnasze.pl” is not the first such campaign in Poland. The previous one called “You supply jobs by buying Polish products” ("Kupując polskie produkty, dajesz pracę") was aimed at promoting patriotism-oriented consumer behavior.

Source: Polskie Radio 3-21-09

$$ BE NOT AFRAID $$

Polish businesses are not afraid of economic crisis! What crisis?

Polish entrepreneurs view 2009 with much hope. They plan further investments and anticipate job reductions will not exceed 1-2%.

This optimism is reflected in a recent survey by the Marketing Research Center showing that the majority of managers positively assess the condition of their companies. 70% of those polled expect a repeat or even an improvement of the results from 2008, while every seventh entrepreneur even plans to increase employment.

Mateusz Szczurek, head analyst at the ING bank, says the results of the poll augur well for the state of the economy: `Cutting interest rates, greater optimism among entrepreneurs, consumption demand - all these factors can help ease the problems facing Poland's economy.'

According to the poll, every fourth company plans new investments for 2009 and only 2%consider suspending open projects.

Source: Polish Radio 03.01.2009

What Economic Crisis?

Poland's individual consumption and ongoing modernisation of the economy will help the Polish economy to maintain relatively high growth, despite global slowdown, Monetary Policy Council member Andrzej Slawinski told public radio.

Talking about GDP growth, Slawinski pointed out that "the rate of individual consumption will hold at a decent level" and that "our economy is modernising fast."Poland will also be helped by low level of imbalances, with debt levels of households, corporates and the state still relatively low.

While offering no personal forecast for ther GDP growth, Slawinski described central banks' forecasts as more reliable than those prepared by commercial banks.Slawinski, what could be expected, declined to talk about further rate cuts. "It's too early to talk about a sequence and a scale," he said.

Source: Warsaw Voice, November 27, 2008