There will be no demographic reserve until the budget is balanced

The number of children and youth is for the first time the same as the number of pensioners in Poland. Both groups were 7 million strong in December 2013, according the preliminary reports of Poland’s Central Statistics Agency. This was also the first year in which the Polish government withdrew more from the its Demographic Reserve Fund (FRD), created as a reserve in case of problems with future pension payments, than it paid into the fund from gains from privatization. The fund is dwindling.

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Removing barriers is not enough – we must help companies to grow

We are adept at assembling and tightening screws, but by doing so, Poland falls into the trap of low technology and medium income. ‪We need to change our approach to the economy, and then consistently implement a new plan - says Professor Jerzy Hausner, the chief author of the report on the competitiveness of the Polish economy.

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