Doing Business In - Poland
Markets
Poland’s high income economy is the sixth largest in the European Union and one of the fastest growing economies in Central Europe. The national sector produces approximately 25% of GDP. Foreign investments rose to $87 billion between 1990-2006.
Poland's industrial base is concentrated in the coal, textile, chemical, machinery, iron, and steel sectors, but it also produces fertilizers, petrochemicals, machine tools, electrical machinery, electronics, cars and ships. The main business partner of Poland is Russia and European Union members, especially Germany which receives 26% of Poland’s exported goods. Poland exports machines, transport equipment, including cars (44.1% of export income), manufactured goods (21.8%) and chemical industry products (13%).
In 2009, Polish imports were estimated at $149 billion. Polish imports goods from Germany (23%), Russia (10%) and China (8%). Imported goods include machines, transport equipment, industrial products and fuel, including natural gas.
The companies that are the foundation of Poland’s economy are well known brands, including Tyskie, LOT Polish Airlines, PKN Orlen, E. Wedel, Empik, Poczta Polska, PKO Bank, PKP, Mostostal, PZU Insurance, and TVP. However, Poland’s GDP is mostly powered by small to medium size firms in the service sector. They constitute approximately 77% of all registered entities of the national economy and employ about 55.9% of all workers.
Poland's industrial base is concentrated in the coal, textile, chemical, machinery, iron, and steel sectors, but it also produces fertilizers, petrochemicals, machine tools, electrical machinery, electronics, cars and ships. The main business partner of Poland is Russia and European Union members, especially Germany which receives 26% of Poland’s exported goods. Poland exports machines, transport equipment, including cars (44.1% of export income), manufactured goods (21.8%) and chemical industry products (13%).
In 2009, Polish imports were estimated at $149 billion. Polish imports goods from Germany (23%), Russia (10%) and China (8%). Imported goods include machines, transport equipment, industrial products and fuel, including natural gas.
The companies that are the foundation of Poland’s economy are well known brands, including Tyskie, LOT Polish Airlines, PKN Orlen, E. Wedel, Empik, Poczta Polska, PKO Bank, PKP, Mostostal, PZU Insurance, and TVP. However, Poland’s GDP is mostly powered by small to medium size firms in the service sector. They constitute approximately 77% of all registered entities of the national economy and employ about 55.9% of all workers.