Poland’s Development Ministry says it plans to offer incentives to investors setting up shop throughout the country, not just in areas designated as special economic zones (SEZs).

Poland’s 14 existing special zones would be replaced by a “single investment area” that would cover the entire country, the ministry said on Wednesday.

The move is expected to increase investment to PLN 117.2 billion (EUR 27.6 billion, USD 32.96 billion) and help create some 158,000 new jobs by 2027, the ministry said on its website.

According to Development Minister Mateusz Morawiecki, who is also finance minister as well as deputy prime minister, the plan is "not just a minor correction, but a real development-oriented breakthrough" in Polish economic policy. (gs/pk)

Source: PAP