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Course Contents: (Business in Europe)
- About Poland.
- Polish economy. Foreign trade.
- The tax system.
- Foreign Direct Investment (FDI) in Poland.
- Setting up business.
- Case: AGORA SA.
Summary:
Doing Business in Poland: economic expansion, Export growth, first place FDI attracting countries in Central Europe. Setting up Business. Port of Gdansk ...
Poland is the 9th largest country in Europe and 69th in
the world. Poland is one of the success stories of the new Europe, transforming
itself from communist-bloc one-party state to parliamentary democracy and
European Union
member in a remarkably short period of time.
Poland is situated in the middle of the continent, has borders with 7 countries:
4 EU members (Lithuania,
Slovakia,
Czech Republic and
Germany) and 3 non-EU
members (Russia,
Belarus,
Ukraine). Poland, with 38.5
million inhabitants, has the eighth-largest population in Europe and the
sixth-largest in the European Union. Poland is predominantly Catholic.
The rapid pace of economic expansion has continued, fuelled by robust
investment and private consumption. The labor market has tightened further,
leading to double-digit wage increases. This, combined with soaring fuel and
food
prices, hikes in regulated tariffs and general
excess-demand pressures, has pushed the inflation rate well above the central
bank’s target.
With enormous real income gains, the economy should continue to
expand above potential rates for some time, resulting in a widening current
account deficit. The Polish economy has weathered unscathed the global slowdown
so far but it is unlikely that it will not feel the adverse effects of
diminished growth in Europe. Export growth at that rate seems unsustainable into
the near future amid global slowdown and the zloty appreciation.
The Port of Gdansk is the fourth-largest metropolitan area in Poland and the
country’s major seaport. It is on the southern shores of the Gdansk Bay off the
Baltic Sea.
The Polish tax system distinguishes direct taxes (e.g. personal income tax,
corporate income tax, tax on civil law transactions, real estate tax, or tax on
means of transport) and indirect taxes (e.g. value added
tax, excise tax). Poland is a party to many international treaties on avoidance
of double taxation.
Foreign Direct Investment (FDI) in Poland
Poland attracted a record amount of foreign investment with net FDI
estimated at USD 9.3 billion, of which USD 4 billion was accounted by income
from sales of Telekomunikacja Polska. At the end of 2002, the accumulated value
of foreign investments was over USD 65 billion, putting Poland in the first
place among the FDI attracting countries in Central Europe. However, in terms of
FDI per capita Poland ranked only fifth, after
Hungary,
Estonia, the Czech
Republic and Slovenia.
Available Languages :
EENI Site in Polish Language:
Polski Magister
Międzynarodowy Prawa Stypendium
Eksport Eksporterów Importowe
Business in Poland, Polish economy, Foreign Trade, Warsaw, Doing Business, economic expansion, Export growth, first place, FDI attracting, countries in Central Europe, Setting up Business, Port of Gdansk, Master, International Business
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