Business in Poland, Poland Import, Poland Export, Polish Chamber

Business in Poland

Poland Import, Poland Export, Polish Chamber

Information

Poland is increasingly becoming a very popular location among foreign investors who see the country as one of the most attractive investment destinations in Europe. The country is also very popular with tourists who enjoy Polish hospitality and friendliness, cultural heritage and natural wealth.

The UNCTAD (United Nations Conference on Trade and Development) published its annual report on 25th July 2011. In this report Poland was ranked 6th in the international league table of countries ranked by their attractiveness to investors. This was a siginificant advance from its 11th position in 2010 meaning it overtook the UK and Germany two of its major trading partners. Kraków was ranked as no 1 city worldwide in the same report and was cited as an excellent offshoring or shared service centre location.

With a consumer market of 38 million and enjoying an ideal location in central Europe, Poland is the perfect place for investment and business expansion. Anyone setting up business in Poland has access to around 500 million customers with countries such as Germany, Russia, Czech Republic, Slovakia, Ukraine, Belarus, Lithuania and Denmark on your doorstep.

For the past 5 years, Poland has experienced a 5% annual economic growth rate with a 30% export level. Poland's high-income economy is considered to be one of the healthiest of the post-communist countries and is currently one of the fastest growing within the EU. Since the fall of the communist government, Poland has steadfastly pursued a policy of liberalising the economy and today stands out as a successful example of the transition from a centrally planned economy to a primarily capitalistic market economy.

Poland is the only member of the European Union to have avoided a decline in GDP during the late 2000s recession. In 2009 Poland has had the greatest GDP growth in the EU. As of November 2009 the Polish economy has not entered the global recession of the late 2000s nor has it even contracted.

The privatisation of small and medium state-owned companies and a liberal law on establishing new firms have allowed the development of an aggressive private sector. As a consequence, consumer rights organisations have also appeared. Restructuring and privatisation of "sensitive sectors" such as coal, steel, rail transport and energy has been continuing since 1990.

Between 2007 and 2011, the government plans to float twenty public companies on the Warsaw Stock Exchange, including parts of the coal industry. The biggest privatisations have been the sale of the national telecoms firm Telekomunikacja Polska to France Télécom in 2000, and an issue of 30% of the shares in Poland's largest bank, PKO Bank Polski, on the Polish stockmarket in 2004.

Poland has a large number of private farms in its agricultural sector, with the potential to become a leading producer of food in the European Union. Structural reforms in health care, education, the pension system, and state administration have resulted in larger-than-expected fiscal pressures. Warsaw leads Central Europe in foreign investment. GDP growth had been strong and steady from 1993 to 2000 with only a short slowdown from 2001 to 2002.

Although the Polish economy is currently undergoing economic development, there are many challenges ahead. The most notable task on the horizon is the preparation of the economy (through continuing deep structural reforms) to allow Poland to meet the strict economic criteria for entry into the Eurozone. According to the minister of finance Jacek Rostowski, Poland is likely to adopt the euro in 2012 or 2013. Some businesses may already accept the euro as payment.

Average salaries in the enterprise sector in April 2008 were 3137 PLN (925 euro or 1434 US dollars) and growing sharply. Salaries vary between the regions: the median wage in the capital city Warsaw was 4,600 PLN (1,200 euro or 2,000 US dollars) while in Bialystok it was only 2,400 PLN (670 euro or 1,000 US dollars).

Since joining the European Union, many workers have left to work in other EU countries (particularly Ireland and the UK) because of high unemployment, which was the second-highest in the EU (14.2% in May 2006). However, with the rapid growth of the salaries, booming economy, strong value of Polish currency, and quickly decreasing unemployment (6.7% in August 2008) exodus of Polish workers seems to be over. In 2008 people who came back outnumbered those leaving the country.

Commodities produced in Poland include: electronics, cars (including the luxurious Leopard car), buses (Autosan, Solaris, Solbus), helicopters (PZL Świdnik), transport equipment, locomotives, planes (PZL Mielec), ships, military engineering (including tanks, SPAAG systems), medicines (Polpharma, Polfa), food, clothes, glass, pottery (Bolesławiec), chemical products and others.

Poland is a part of the global tourism market with constantly increasing number of visitors, particularly after joining the European Union. Tourism in Poland contributes to the country's overall economy. The most popular cities are Warsaw, Kraków, Wroclaw, Poznan, Lublin, Toruń including the historic site of the Auschwitz concentration camp near Oświęcim. Popular destinations include northeast Poland's Mazury lake district and Białowieża Forest. Poland's main tourist offers are sightseeing within cities and out-of-town historical monuments, business trips, qualified tourism, ecotourism, and mountain hiking, among others. Poland is the 17th most visited country by foreign tourists in 2008.

The principal legal act governing business activity in Poland is the Economic Freedom Act of 2 July 2004. It regulates undertaking, running and closing businesses on the territory of Poland, as well as tasks of the public administration within this regard.

Poland is an attractive marketplace for many businesses and it is possible to benefit from Poland's strong economic growth without the need to locate your business in the country. Poland has a wealth of products and services which you may wish to sell in your own country and vice versa and import/export business in Poland is significant.

Love Poland Sp z o.o. offer a wide range of specialist products and services including Search Engine Optimisation (SEO), Web Design and Web Development, Logistics and Transportation, Supply Chain Solutions, Accountancy, Business start-up, Legal services, Financial Planning, Marketing services, Business consultancy, Hospitality management, Translation services, Import and Export services. Document Correction, Training & Conference Facilities, Recruitment, Public Relations, Procurement Services & Executive Search.

The Directors of the company have many years experience of working in countries all over the world including Dubai, USA, Australia, Russia, Germany, Ukraine, the Baltic States and Spain. We are a dynamic, modern, forward-thinking team of professionals with experience and skills covering the provision of New Media solutions in addition to having a wealth of knowledge about conducting business in Poland.

Over the years we have worked closely with professionals with expertise within many different industries. These experts now work with Love Poland Sp z o.o. as trusted advisors who provide our clients & customers with advice across a multitude of disciplines.

Below is a list of Business Services offered by Love Poland Sp z o.o.