Brussels to give more money

26th February 2010

More cash to flow into Poland

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Poland received two pieces of good economic news from Brussels on Thursday related to its past and future economic growth.

Early in the day, EC Budget Commissioner Janusz Lewandowski announced that Poland would receive an additional EUR 1 bln in EU funding over the next two years as a bonus for having repeatedly beaten expectations for its economy.

Lewandowski explained that some EUR 3 bln in additional funds were to be awarded to new EU members that had beaten official economic forecasts. "In 2011-13, additional cohesion funds will be made available for these members, particularly Poland, but also Slovakia and the Czech Republic," he announced.

The EC has not yet drawn up ...

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