For over 20 years, Poland has been on the path of economic development and achieved considerable success: GDP per capita in Poland, measured by purchasing power parity, increased from 32% of the Western European level in 1991 to 58% of the Western European level in 2011.
Poland’s 38-million strong market is one of the biggest in Europe. The country’s favourable location, in the centre of Europe, where the main communication routs intersect, makes it possible to export goods to all European countries and thus reach over 500 million consumers.
The largest Polish cities play a crucial role in Poland’s economy, as they are currently inhabited by over 16 million people, constituting 42% of Poland’s population and generating 69% of Poland’s GDP (12 cities: Warsaw, Cracow, Łódź, Wrocław, Gdańsk, Poznań, Szczecin, Bydgoszcz, Lublin, Katowice, Białystok and Rzeszów).
Poland is also the destination of choice for companies operating in the business services outsourcing sector in Central and Eastern Europe. Over the past year Poland has outpaced India in the rate of job creation and project expansions in this sector while the number of people employed in it has been growing steadily by over 20% annually since 2008.
The country’s favourable location, in the centre of Europe, where the main communication routs intersect, makes it possible to export goods to all European countries and thus reach over 500 million consumers. Poland’s major trade partners are, among others, Germany, Russia, China, France, the UK, Italy, Hungary, Ukraine and Spain.
Well-educated Polish economists, engineers, IT specialists and scientists are highly sought-after and appreciated employees who find employment in IT companies, R&D centres and scientific institutes. Every year, the number of graduates of Polish universities increase, including faculties useful in high-tech industries. 80% of bachelor graduates go on to study to master's level.
The country’s sustainable development has much to do with the its solid economic foundations. The global economic crisis has not harmed Poland, which is the only country in Europe to have avoided a recession, and additionally has developed at the highest rate on the continent. Assessment of the investment climate for foreign entrepreneurs every year is getting better. The average annual growth rate between 2011 and 2015 was 3.3% which was more than 2% higher than the average for the EU.
The country offers a wide range of investment incentives. Investors are invited to locate their projects in 14 Special Economic Zones (SEZ). i.e. special zones where economic activity may be run in favourable conditions. Polish SEZs offer attractive tax exemptions, employment incentives and well-prepared investment lots.
Tourism and sports
Poland is a country with a number of tourist and sport opportunities. The diversity of landscape and natural wealth together with the wide range of recreation forms ranging from sea sports through lake yachting, skiing and mountain climbing attract tourists from all over the world.
All the factors together with the country’s international safety and stability guaranteed by Poland’s membership in NATO and the EU make Poland a credible and important business partner for foreign investors.
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