poland

Poland's past 20 years marked by economic success - OECD

The past 20 years are a period of economic success for Poland which has developed faster than any other European economy, OECD Secretary-General Angel Gurria said in Warsaw on Friday.

The OECD head came to Poland to attend a conference on the 20 years of cooperation between Poland and the Organization for Economic Co-operation and Development.

Poland has made impressive progress in raising the living standard of its citizens in 1990-2015, with the GDP per capita now standing at two-thirds of the OECD current average, Angel Gurria noted. Life expectancy went up to 77 years in 2014 from 71 years in 1990, the official added.

The number of graduates on the labour market has doubled, the official also stressed.

Among the challenges for Poland, Gurria named boosting productivity which in 2015 constituted only 60 percent of the OECD average, improving vocational education and reducing the number of low-quality non-permanent job contracts.

Commenting on Poland's recent efforts to restore the retirement age of 65 for men and 60 for women, thus reversing the previous government's reform which raised it to 67 for both sexes, Gurria recommended a thorough analysis of the move as lower retirement age could undercut productivity and run counter to demographic trends.

Established in 1961 and based on its post-war predecessor, the Organization for European Economic Co-operation, the OECD associates 35 developed countries. Poland joined the organisation in 1996.

Source: PAP

25.11.2016