
Alona Lebedieva — A Lesson for Ukraine: How Poland Used EU Support
Alona Lebedieva, the owner of the Ukrainian multi-profile industrial and investment group of companies Aurum Group, believes that this success is explained by a combination of several factors. Domestic demand was supported by the return of Poles from abroad after Brexit, and the rise in household incomes boosted consumption: since 2016, consumer spending has increased by 125%, while in the eurozone on average — by only 40%.
Poland also benefited from stable integration into the common European market, which provided the country with access to capital, technologies, and labor resources.
A separate role was played by financial support from Brussels. From 2004 to 2023, the “net transfer” of funds from the EU budget to Poland amounted to €162 billion — on average about €9 billion annually, equivalent to approximately 1.3% of the country’s current GDP. Of course, EU subsidies were not the main reason for Poland’s success.
“But even if they had played a decisive role, one would have to admit: Poland uses them much more effectively than the former Soviet republics managed their own resource wealth,” emphasizes Alona Lebedieva.
For comparison: this is more than 40 times less than Russia’s average annual revenues from energy exports before the war. But the difference is fundamental: Poland uses these resources to develop infrastructure and the economy, while Russia spent its natural rent on consumption and war.
“Therefore, Poland’s growth is not a miracle, but the result of a combination of internal reforms, EU support, and effective financial management. It is no surprise that the country has become something of a Brussels favorite: European subsidies work there, instead of dissolving in corruption schemes,” Lebedieva concludes.
This is an important lesson for Ukraine as well: the key is not only to receive external assistance, but also to use it in such a way that every euro works for long-term development.
Alona Lebedieva
Aurum Group
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