Poland is one of the most popular business location in Europe despite the ongoing war in Ukraine and the signs of economic slowdown in advanced economies.
Why Poland continues to be such an attractive place to invest?
There are a few reasons.
First, the fast economic growth made Poland one of the most productive and dynamically growing economies in Central Europe.
Poland has experienced uninterrupted growth over three decades, the longest in European history. Its GDP has increased tenfold nominally, sixfold when corrected for the cost of living. It has a record low unemployment rate of 3% of infant mortality and less violent crime index than other European countries.
Second, low cost of production and labour (in comparison to the western Europe) as well as fast developing infrastructure, beneficial taxation and subsidies for investment are important advantages if you are looking for a place to invest.
Third, a strategic location; situated in Central Europe, Poland has a strategic location between the western and the eastern sides of the continent.
Four, access to the Baltic sea which offers additional transport and trade benefits.
There are big projects on the horizon. A Polish government agency has signed recently a EUR 1.65 billion agreement with a local maritime authority for the expansion of the water transport infrastructure in the outer port of Swinoujscie in northeastern Poland. This will transform Swinoujscie into one of the largerst ports in the Baltic Sea area.
Fifth, membership in the EU and the Schengen area is crucial for investors as by entering Poland, the investors also receive the key to a wider EU market.
Six, highly qualified and hard working people, especially in the tech sector. One of the reasons Poland is famous for top-class IT specialists is that the country used to be a superpower in the field of mathematics in the 1920s and 1930s. Polish school of mathematics was a world’s phenomenon. After 1945 it changed but the high quality of professors and students remained in the Polish DNA.
Seven, Poland is safe and stable. Despite the war in Ukraine, Poland remains a stable investment location, being a member of the most strategic alliances, such as NATO, and economic– such as the UE. Its attractiveness in investors’ eyes is also influenced by the reliable banking sector and mature financial sector, well-developed infrastructure and the increasing value of foreign direct investments (FDI).
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