Poland has enjoyed uninterrupted growth since 1992. Key growth drivers include corporate investment, private consumption and exports, with a historic trade surplus. Longer term, Poland has catch-up growth potential remaining to developed economies. According to PwC, the economy is forecast to grow around 3% per annum until 2030 and 2.5% per annum until 2050.
In their latest report (2015-16), the World Bank ranked Poland as the 24th easiest country in which to do business. There are clearly many historical, political and emotional reasons why there are such strong ties between Poland and the UK – but there are many economic reasons too why investing in Poland makes sense.
Benefits for UK businesses exporting to Poland include a huge domestic market with over 38 million consumers, English is increasingly spoken – particularly by the younger generation, Poland is a strong, dynamic economy and a gateway to emerging markets of Eastern Europe, and there are over 300 flights a week between UK and Poland.
The EU has allocated €82.5 billion to Poland through the structural and cohesion fund programme. This will help maintain Poland as a market offering growth, stability and good prospects for UK business.
About the guides
The main objective of this Doing Business in Poland Guide is to provide you with basic knowledge about Poland; an overview of its economy, business culture, potential opportunities and to identify the main issues associated with initial research, market entry, risk management and cultural and language issues.
We do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point.
This FREE guide is available in 4 formats:
Available on the iTunes App Store and Google play