business in poland
hearth of eastern europe
Poland best country for investment
According to the latest Global Best to Invest ranking, 2019 Poland maintained 5th place and increased the number of foreign direct investment projects being implemented. Our country was overtaken only by China, Germany, Great Britain and India. The ranking has been prepared by the American research company Conway Analytics. It takes into account investments worth more than USD 1 million, creating a minimum of 20 new jobs and 1,000. m2 of new space. From Central and Eastern Europe in the top ten most attractive countries for investment, except Poland, we can find in ranking only Hungary
Looking at the number of foreign investments in Poland we can come to conclusion that our country is at the forefront of countries recognized by foreign companies as the best place not only in Europe but also in the world for locating production and services
94,5% foreign companies that operate in Poland, would like to invest in our country again. These data result from the ranking of investment attractiveness of the countries of Central and Eastern Europe prepared by the International Group of Chambers of Commerce (IGCC). Poland took third place in this ranking; first was taken by Estonia and third by the Czech Republic. Among the positive features of our country were good quality staff, availability of subcontractors, as well as being a member of European Union.
In 2019 according to Polish Investment and Trade Agency, the total value of investments for which investors made a positive decision about the location in Poland amounted to nearly 3 billion Eurio (approx. 13 billion PLN). New investment projects are potentially 11.8 thousand new jobs places. A lot of investement concerned high technologies, which will give high-paid jobs, knowledge transfer and it will have good influence on the Polish economy.
Part of international community
In the largest number of project are involved United States – 12, Germany – 6, followed by South Korea – 5 and Japan – 5. In terms of investment value, the first position went to South Korea (1 billion 816 million euro), the second to Germany (over 202 million euro), the third to Japan (121 million euro), and the fourth to the United States (90.45 million euro).
Organizational structure of the Polish state is determined by the Constitution of the Republic of Poland adopted by the National Assembly on April 2, 1997. Poland is a parliamentary republic. The head of government is the prime minister, and the head of state is the president. Poland is a member of the European Union since May 1, 2004. Membership in the EU has an positive impact on Poland’s economic development.
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Why investement in Poland is attractive to foreign companies?
In Poland labor costs are still lower than in the west. Also – in an uncertain environment and with the global crisis, Poland remains a safe and profitable place to invest with its stable and developing economy. It was the only nation in the European Union to resist the 2009 recession. Poland is offering stability and economic predictability for long-term investment planning.
The Polish economy has been growing continuously for several decades. Our country is in a period of good economic conditions, low unemployment rate, rising wages and development of foreign investments. Thanks to high consumption, the deep slowdown that has hit Europe, don’t effect our country that much. Since 1990, Poland continue economic liberalization. In the period from 1989 to 2018, Poland’s GDP increased by 826.96% and was the best result in Europe. Strengths of the Polish economy are human resources, corporate investments, intellectual assets and economic results. Poland is the sixth economy of the European Union and the eighth in Europe
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