Polish Prime Minister Donald Tusk revealed at the beginning of the week the details of a new development plan at the Warsaw Stock Exchange. Record investments of over 650 billion zloti (155.45 billion euros), the largest in the economic history of Poland, will be allocated for this year, with the growth of the expected GDP to reach 4%. They will mainly target modern energy, infrastructure and technologies sectors. Advanced discussions are held with the great Tech giants, who are preparing major investments in Poland. The year 2025 will be a positive discovery in the Polish economy after the difficult experiences of recent years, Tusk announced. The year of discovery involves a simple strategy: investments, investments, investments, he added. He stressed that the Government's plan will be based on investments, energy transformation, port development and modernization of railways, modern technologies, consolidation of the capital market and the disorder of the economy. The Polish government will prioritize investments in energy, including the construction of the first nuclear power plant and the extension of the offshore wind power plants. «I just made the decision to build the first nuclear power plant in Kashubia. We are also ready to indicate the location for the construction of the second power plant, «said Tusk, according to Rzeczpospolitan. The Polish Minister of Finance Andrzej Domanski said that the energy transformation is not a choice, but a necessity, being an opportunity for the Polish economy. Energy prices must become an advantage for Polish companies in competition with foreign entities. Poland has to accelerate the development of transport to become an alternative to Europe on dominant logistics routes, Domanski said, adding that Poland has the potential to become a key logistics center in Europe, notes Bankier.pl. The country aims at historical investments in infrastructure, such as 180 billion zloty (43.05 billion euros) for the development of railways. In addition, there will be investments in road transport and a central airport. Transport already contributes 6% to GDP. The development of ports will increase this contribution further, Polish officials indicated. The Polish government also works on a special Big Tech fund of $ 300 million that will invest in cyber security, spatial technologies, satellites, artificial intelligence. On the other hand, Donald Tusk has revealed the existence of advanced discussions with Tech giants like Google and Microsoft, who are preparing major investments locally. The government also wants a strong capital market and works to facilitate investments in private and public markets. The development plan of this market should be ready in the next three or four months. Behind the figures, Tusk displayed a strong ambition: to see Poland rivaling with the great economies of the EU. With this investment program, Poland does not only want to get a major economic actor in Europe, but also to strengthen his political power in the EU. The plan has aroused mixed reactions. Marcin Mrowiec, chief economist at Grant Thornton, shows that the big numbers announced can be impressive, but the value of the investments on 2025 was expected by the market. In his opinion, writes Business Insider, the speech of the Minister of Finance does not show how the proposed actions would bring the announced progress. Investments will clearly come this year, but this will be mainly due to the influx of EU funds and the effect of a low comparative base, and not to the Government, the economist added. ING Bank economists have evaluated the program more optimistic. In their opinion, the most important conclusion is the green wave given for private, public, energy and innovation investments. Professor Witold Orlowski draws attention to analogies with some of the actions taken by Donald Trump at the beginning of his second term. As for Google and Microsoft investments, Artur Kirasinki, the author of Technophobia blog, believes that Poland will be a passive recipient of technology, dependent on the mood of the current white house, according to WNP.Pl.
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