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Polish businesses’ support for euro rises: report

Fifty-eight percent of Polish companies would like the country to join the eurozone, the first increase in support in six years, according to a new report.

The report said that Polish companies had lost confidence in the common currency year on year since the beginning of the decade.

“According to a study conducted by Grant Thornton, in 2010, up to 85 percent of the heads of medium and large companies supported the adoption of the EU currency by Poland, but since then businesses’ support for euro accession shrank, and in 2015 had reached just 42 percent,” the report read.

It added that “in the latest edition of the survey, which was conducted in the fourth quarter of 2016, support of Polish businesses for the euro increased for the first time in six years”.

Poland has decided not to adopt the common European currency following EU accession in 2004. Only two other countries which joined the bloc together with Poland still use their national currencies; the Czech Republic and Hungary.

The study was prepared by Millward Brown for Grant Thornton International.

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