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economic development

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economic development

Post by Guest on Thu Sep 23, 2010 11:15 am

Although the Polish economy is currently undergoing economic development, there are many challenges ahead. The most notable task on the horizon is the preparation of the economy (through continuing deep structural reforms) to allow Poland to meet the strict economic criteria for entry into the Eurozone. According to the minister of finance Jacek Rostowski, Poland is likely to adopt the euro in 2012[43] or 2013.[44][45] Some businesses may already accept the euro as payment.

Average salaries in the enterprise sector in April 2008 were 3137 PLN (925 euro or 1434 US dollars)[46] and growing sharply.[47] Salaries vary between the regions: the median wage in the capital city Warsaw was 4,600 PLN (1,200 euro or 2,000 US dollars) while in Białystok it was only 2,400 PLN (670 euro or 1,000 US dollars).[48]

Since joining the European Union, many workers have left to work in other EU countries (particularly Ireland and the UK) because of high unemployment, which was the second-highest in the EU (14.2% in May 2006).[49] However, with the rapid growth of the salaries, booming economy, strong value of Polish currency, and quickly decreasing unemployment (6.7% in August 2008)[50] exodus of Polish workers seems to be over. In 2008 people who came back outnumbered those leaving the country.[51]

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