Destination Poland

Poland is a perfect place to invest in, and a great place to develop your business. The geographical location of Poland which borders with both the European Union countries (Germany, Czech Republic, Slovakia, Lithuania) and Eastern European countries (Ukraine, Belarus, Russia) means that it has access to 250 million consumers in the radius of 1000 km. In the latest Ernst&Young European Attractiveness Survey 2010 report Poland was indicated by managers of international companies as a location of new direct overseas investments in Europe (BIZ) most often considered.

Poland is where West- East and North-South transit routes meet. The network of roads and motorways, growing each year, numerous airports and access to sea influence logistics, and thus economy, positively.

Polish economy has solid foundation for stable development. The global economic crisis did not do much harm to Poland which – as the only country in Europe – did not suffer from recession, what is more, it developed at the highest pace on the continent. Stability and safety, guaranteed by membership in the EU and NATO make Poland a trustworthy and competitive business partner for foreign investors.

Experts in numerous fields of science and economy graduate from Polish universities each year. There are almost two million students here. High level of teaching makes them a perfect personnel base for business entities.

Poland, being the sixth largest country of the European Union in respect of number of residents, constitutes a huge market for goods and services.

 

Basic information on the Republic of Poland

Area of the country 312 679 km2
Population 38 135 thousand
Capital city Warszawa, 1,702 million residents
Administrative division 16 voivodships, 314 counties, 2478 gminas
Legislative body Parliament (Sejm) (460 deputies), Senate (100 senators)
Executive Body President (term of office: 5 years), Council of Ministers (term of office: 4 years)
Judicial Power the Supreme Court, common courts of law, administrative courts, military courts
Time zone GMT +1
Currency Złoty (PLN) = 100 groszy (gr.)
Average life expectancy 79,7 women, 71.0 men

 

Variable 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
GDP (PLN bilion)* 780 809 843 925 983 1060 1 177 1 275 1 344 1 415 1 093a)
GDP growth (%)* 1,2 1,4 3,9 5,3 3,6 6,2 6,8 5,1 1,8 3,9 4,3
Influx BIZ (EUR million)** 6 372 4 371 4 067 10 237 8 330 15 741 17 242 10 085 9 863 6 686 9 000b)
Unemployment (%)* 17,5 18 20 19 17,6 14,8 11,2 9,5 12,1 12,4 12,1c)
Export (EUR million)* 40 195 43 499 47 526 59 698 71 424 87 926 101 839 116 244 98 218 120 373 112 700b)
Import (EUR million)* 56 035 58 480 60 354 71 354 81 170 100 784 120 390 142 448 107 529 134 188 124 300b)
Foreign trade turnover (EUR million)* 96 229 101 980 107 880 131 052 152 593 188 710 222 228 258 692 205 747 254 562 237 000b)
trade balance (EUR million)* -15 840 -14 981 -12 827 -11 656 -9 746 -12 858 -18 551 -26 204 -9 310 -13 815 -11 600b)
CPI (previous year = 100)* 105,5 101,9 100,8 103,5 102,1 101 102,5 104,2 103,5 102,6 104,3

Source: *GUS, **NBP;
a) data after three quarters of the year
b) data for the period January – October 2011
c) data for November 2011

Links

  • http://www.mg.gov.pl/
  • http://www.stat.gov.pl
  • http://www.paiz.gov.pl/pl
  • http://www.poland.pl/
  • http://en.poland.gov.pl
  • http://pl2011.eu/en

 

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