Poland is one of the fast-growing and developed markets in
Europe due to the increasing number
of new investment projects. A World Investment Report published in June 2013 by
the United Nations Conference on Trade and Development (UNCTAD) estimates that
by the year of 2015 Poland will be 4th in Europe and 14th in the World most attractive economy for investment
As the
sixth largest EU member state and the largest of the post-communist countries,
Poland provides foreign investors with the opportunity of an easy access to the
worlds’ biggest free market area. Entrepreneurs choosing to invest in Poland can therefore benefit
from the country’s position in Central Europe and be taking advantage of lower
transportation costs of goods and facile import and export procedures.
The country provides business owners with a well-educated and highly
skilled workforce of 17 million workers, certified in areas like economy
engineering, IT and science. The country is also called the “manufacturing hub
of Europe” due to the high number of factories and low cost of production. The
Polish labor cost is 4 to 10 times cheaper than in other countries according to
a report from Boston Consulting Group.
Poland offers competitive products due to their superior quality.
The legislation is becoming increasingly more open and friendly for foreign investors in Poland, granting them
real possibilities for the development of new
economic entities. One of the largest and most successful development
projects meant to encourage investments was the creation in 1995 of Polish Special Economic Zones. The
Government established 14 such zones and entrepreneurs have the possibility to
conduct their activities on preferential terms and with the assurance lower taxes than in other Polish areas.
According to the Central
Statistical Office of Poland, in 2010 the country’s economic growth rate was
3.9%, which was one of the best results in Europe. In the first quarter of
2014, the economy of Poland increased by
3.4% and by the end of the year is expected to grow by another 3.5%.
Premises for the future look bright since the country’s economy is expected
growth by 3.5% in 2015 and 3.8% in 2016. All data show a high potential for business investments and company formation in Poland.
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