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  • Faithful to my Homeland, the Republic of Poland

     

  • ECONOMIC AFFAIRS

  • Why do business in Poland ?

     

    It is Europe ’s sixth-biggest economy. It was the only country in the European Union to experience positive economic growth in 2010. Also in 2010,Poland was ranked among top potential investment destinations for FDI projects in Europe by the managers of multinational companies in the Ernst & Young European Attractiveness Survey.

     

    Location

     

    Poland ’s location offers numerous advantages for business. The country is located at the very heart of Europe . It borders on both the EU member states ( Germany , the Czech Republic , Slovakia and Lithuania ) and the Eastern European countriesUkraine , Belarus and Russia . This means access to 250 million consumers within a 1000 km radius. East-west and north-south transit routes cross within Poland ’s territory. The continuously developing network of roads and motorways facilitates logistics. The proximity of both EU and Eastern European selling markets promotes exports of goods. Numerous airports and seaports allow the transport of goods all over the world.

     

    Educated employees

     

    Polish education system produces specialists with expertise in many areas. Almost two million people study in Poland – this is almost half of the population of student age (19 to 24). Each year, 400,000 graduates complete studies at half a thousand universities, and the numbers keep on growing.
    Well-educated Polish graduates are highly sought-after and appreciated employees who find employment in international companies and institutions. They have a very good command of foreign languages – the majority of them have mastered English. Many learn other foreign languages too – mainly German, Russian, French and Spanish.

    More and more students choose to study at technical universities, which educate engineers, IT specialists and scientists – graduates are sought after and valued, not only in the domestic market, but in the whole of Europe .

     

    Developing economy

     

    Poland now has Europe ’s sixth biggest economy. In the years 1996 – 2009, the GDP hovered around 4.5%. It was the only country in the European Union to maintain positive economic growth in 2010.

    World class companies often choose Poland as an investment destination in Europe . The number of new investment projects is constantly growing, especially in the automotive, R&D, electronic and chemical sectors. In 2009, Polandattracted EUR 9.95 billion of FDI and is estimated to attract EUR 5.34 billion in 2010.

    The Polish economy faces prospects of further dynamic growth. In the years 2007-2013, Poland is estimated to be receiving approximately EUR 67 billion of funds from the Community budget. This means that it is the largest beneficiary of EU funds. Furthermore, the hosting of the UEFA Euro 2012 went to Poland and Ukraine , heralding the development of infrastructure and the building, service and tourist sectors.

     

    Polish economy in numbers (www.investinpoland.gov.pl)

     

    Selling market

     

    Poland , as the sixth largest country of the European Union in terms of population, constitutes a very large selling market for goods and services. It is inhabited by 38 million citizens, which accounts for as much as one third of the total population of new EU member states.

     

    To learn more go to poland.gov.pl >>

     

     

    Text based on investinpoland.gov.pl, About Polska

     

     

     

     

     

     

     

    Economic relations between Poland and Venezuela

     

    The balance of trade between both countries has been for years very favorable for Poland, with a great advantage of Polish exports over imports. The bilateral trade exchange intensified from 1996, when it was signed the first contract for selling Skytruck planes –produced by the enterprise PZL Mielec- to the Venezuelan National Guard.

     

     

    The main products Poland exported to Venezuela during an epoch were the Skytruck planes and its replacements, as well as electronic equipments like light and water meters. Moreover, Poland exported to Venezuela iron and steel products, electric lamps, furniture and some food (cheese, powder milk). Polish exports to Venezuela represented around 12% of the total Polish exports to South America. Poland imported from Venezuela mainly aluminium and byproducts, among other chemicals and minerals. Less significant imports were children toys, tobacco or animal food.

     

     

    In the last four years the bilateral trade flow has risen. Polish exports to Venezuela reached USD 22,6 millions in 2010, USD 53,7 millions in 2011 and USD 103 millions in 2012. Imports kept during that period a similar level: USD 33,3 millions, USD 44,4 millions and USD 40,7 millions in those respective years.

     

     

    It is expected that the new cooperation agreement between Venezuela and Poland, signed on 27th January 2013, will ease new commercial contracts between enterprises of both countries. The agreement specifically mentions the investment possibilities on mining, green technologies and alimentation. 

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