The Philippines and Poland are now ready to boost the trade and investment ties following the successful outcome of the first Polish business delegation to the country in nearly two decades.
POLAND
FILIPINO BUSINESS IN
WHY INVEST IN POLAND?
Economic Stabilty
The largest economy in the Central Europe with the internal revenue of € 38.5 M.
Foreign Investment
The first largest recipient of FDI inflows in Central Europe. Ranked as 13th top prospective host economy in the world.
EU Budget
Recipient of most EU funds: € 100 Billion ( 2014-2017).
Political Stability
Poland has a proven record of political stability and commitment to free market principles.
Population
Poland is the 6th largest country in the Europe by area and population
Location
A perfect destination for enterprise in both eastern and western part of the continent.
Poland’s high-income economy is the sixth-largest in the European Union and historically one of the fastest-growing. After economic liberalization in the 1990s, the country’s gross domestic product (GDP) expanded at roughly 3% per year until the European Sovereign Debt Crisis. Poland was the only country to avoid a decline in GDP growth in the European Union at the time.
Poland is experiencing investment increases, GDP growth, increases in exports, and economic expansion—an indication of possible investment opportunities for forex (foreign exchange) investors.
INDUSTRY SECTORS
Planning to invest in Poland. Check these biggest industry sectors of the country.
Agriculture
Agriculture is one of Poland’s biggest industries, accounting for 3.8% of the country’s GDP and responsible for 12.7% of the country’s labour force. The industry is mostly private, as private farms make up 90% of the total farmlands. Majority of these private farmers (57%) own less than 5 hectares of farmland, and only 7% of private farms exceed 15 hectares in size in 1987. In contrast, most of the state-owned farmland was over 1,000 hectares in size.
Energy
The country is the world’s 9th largest producer of hard coal. It produces about 57 megatons of brown coal and 78 megatons of hard coal per year. Most of the locally sourced coal in Poland is consumed domestically, as the country is Europe’s second-largest consumer of coal, with its coal consumption only surpassed in Europe by neighbouring Germany.
Manufacturing
Manufacturing is also a significant industry in Poland. Automotive production accounts for 11% of its total industrial output and about 4% of the country’s GDP. The country is the world’s 23rd largest vehicle manufacturer and is eastern and central Europe’s largest producer of light vehicles. Poland’s manufacturing industry also features shipbuilding, the production of petrochemicals and fertilizers, and the manufacture of electronics and electrical machinery.
Tourism
Tourism is another important industry in Poland. The country has always been a tourist magnet since the collapse of the Eastern Bloc in the late 1980s but experienced a surge in tourist numbers after being an EU member in 2004. Poland was regarded as the world’s 16th most popular tourist destination in 2016 after an estimated 17.5 million tourists visited the country. The country is known for its natural scenery and historic sites.
OUR GROUP OF COMPANIES
