Central-Eastern Europe on path to become EU economic engine: Fin Min

The Central-Eastern Europe region and the Visegrad Four in particular are on their way to become one of the most important economic engines of the EU, Polish Finance Minister Tadeusz Kościński said in an interview with the Hungarian hirado.hu. portal.

Minister Kościński is optimistic about the near and mid-term economic cooperation within the Visegrad Group. He stated that the first signs of bouncing back in the V4 states were noticed, but the “quick economic rebound of the V4 is very much dependent on our ability to engage in ever-closer cooperation”.

The minister said that Poland pointed to the importance of the improved interaction when it comes to “the effective implementation of the EU Funds”. In this field, Mr Kościński mentioned the Multiannual Financial Framework for years 2021-27, the Next Generation EU, boosted cross-border cooperation and a better trade and investment environment.

According to the minister, strong macroeconomic fundamentals are one of the most important factors making a given country’s economy less affected by the COVID-19 pandemic. In his opinion, Poland has the potential to become one of the least coronavirus-stricken economies in the EU.

Mr Kościński drew attention to the major infrastructural projects which are to become crucial in the growing role of the CEE region: the Solidarity Transport Hub and Via Carpathia route.

“The Three Seas Initiative will also offer added value in terms of better interconnectivity and support for economic recovery across the CEE and the Visegrad Group”, the minister stated.

The full interview is available here.