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A+ ratings on Poland

Jelenia Gora/Poland, 20.09.2011 - In August 2011 two rating agencies i.e. Standard & Poor's and Moody's Investors Service affirmed their A+ rating on Poland with a stable outlook. Both agencies noted that the Polish economy is competitive and increasingly diversified. Moody's evaluated Poland as relatively well placed to withstand global turmoil with its relatively resilient economy. Both agencies stressed that the Polish economy continued to expand in 2009, in contrast to all other EU members.
Moody's also pointed out that the government debt metrics are improving and the government benefits from being able to fund itself largely in local currency domestically and at relatively long maturities.

According to S&P's judgment, investment, particularly in infrastructure, will provide an important boost to growth in the short term. However, the agency anticipates that economic growth will slow somewhat from 2013, as the government initiates deeper cuts in public spending to comply with EU and domestic fiscal rules.
S&P indicates, that the flexible credit line with the International Monetary Fund should provide an important buffer by helping to maintain investor confidence and keep borrowing costs down.

Economy today
Poland is one of the largest economies in the European Union and is developing dynamically and continuously. The country was admitted to the EU on 1 May 2004. Poland's GDP has always grown in the last years even during the global crisis in 2008 and 2009. In 2007 was the largest increase by 6.7%. In the following year growth shrank to 4.8% and in 2009 to +1.7%. In 2009, Poland was the only EU Member State with a positive GDP growth. In 2010 the GDP’s growth rate reached 3.8% and it is expected to grow by 4% in 2011.

Impeller of GDP growth are public and EU-financed projects, particularly in infrastructure construction and waste and sewage management. (Poland is the largest EU-funding recipient.) Thanks to these projects environmental technology providers and construction suppliers have increased sales opportunities. Most of the construction projects are related to the hosting of the UEFA Euro 2012 in Poland and are aimed at stadium and hotel construction and at expansion of motorways and highways.

Poland Consulting Services Sp z o.o. is a consulting company from Poland, existing since 2004. It provides the business areas Market Research, Export Consulting, Company Formation and Strategy Consulting and supports companies during their market entrance and market positioning in Poland and in other countries in East Europe.

Press contact:
Daniel Blotenkämper
Managing Director

Poland Consulting Services Sp. z o.o.
ul. Jasna 1/1
PL 58-500 Jelenia Góra
Phone: +48 75 6474008
Fax: +48 75 6474009
E-Mail: db@polandconsulting.com
Website: www.polandconsulting.com

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