Investing in Poland

Why is it worth investing in Poland? There can be many answers, but in three words: people, location and economy. Since 1989, Polish economy and society have undergone a huge transformation, decisively making efforts to align the quality of life with this in Western Europe. Since 1990, Polish GDP has increased 7-fold, and since 2010, Poles’ purchasing power has risen by nearly 30%. (from 21 thousand USD to 34 thousand USD). Membership in the European Union (since 2004) and NATO (since 1999) has allowed Poland to safely develop and adapt to the requirements of modern economy. With 38 million 353 thousand citizens, Poland is the largest country in the region of Central-Eastern Europe and 6th most populous in the European Union. As a result, investors perceive our country not only as an attractive place to locate production, but also as a significant market. In addition, EU membership gives them access to 500 million EU consumers.

Investors feel good in Poland. According to the “Study of investment climate in Poland in 2018” prepared by the Polish Agency of Investment and Trade, company Grant Thornton and HSBC bank, 94% investors would invest again in Poland. As the biggest strengths of our country investors indicate the size of the market and the stability of our economy. 49% of investors assessed that Poland is a good place for doing business, only 10% assessed it as bad, and none rated it as “very bad”.

The economic survey from 2019 carried out annually by the German Chamber of Commerce (AHK) shows that investors appreciate Polish membership in the EU, the quality of human resources (skills, motivation and commitment) and good availability of local suppliers. Foreign companies also stress the payment discipline of companies. It is followed by the quality of higher education and the state of infrastructure.

Strong Economy

Polish economy stands out from other European countries with its unique growth dynamics and stability. In 2018, the index agency FTSE Russel concluded that the Polish financial market could be reclassified from developing to developed. During the crisis in 2008, Poland was seen as a “green island” and was the only country that had avoided recession. During the COVID-19 crisis, Poland is doing better than average European economies.

Polish GDP is 74% of GDP for the whole of the European Union. According to the International Monetary Fund, the Polish Economy grew in 2019 at a rate of 4%, while the average growth rate in the euro zone and the European Union was, respectively, 1.2% and 1.5%. Due to the crisis associated with the COVID-19 pandemic, Poland will be in recession for the first time in nearly 20 years, but the World Bank experts predict that already in 2021, the GDP growth should reach 3.5%.
Poland’s economy is becoming increasingly integrated with the global economy. Polish businesses are strongly integrated into European production chains. Polish commercial real estate market is also dynamically developing.