Our Market

Below provides a profile of the Europe regional market overall, and interesting facts and information about issues important to both Poland and foreign executives working in Poland.

Poland’s economy is one of the fastest growing in Europe. The country’s GDP grew by 6.6% in 2007 and 5.8% in the first half of 2008. These favorable results were due to the large increases in internal demand and investments.

According to the latest European Commission’s forecast, in 2009 the GDP growth may) be 3.8 per cent, i.e. will be slightly lower than in previous years. Taking into account, however, international crisis and 0.2 per cent GDP growth forecast for the EU-25, Poland’s result is a symptom of Polish strong economy.

The new government which came to power in Nov. 2007 has firm plans to join the Euro-zone in 2012.

Unemployment

Unemployment rates have considerably fallen in recent years. The long-term trend resulted mainly from stable, rapid GDP growth, which generates high demand for labour. The decrease of unemployment was accompanied by growing salaries, which have risen from PLN 2 062 in 2001 to PLN 3 240 in October 2008.

Geographic Profile
Poland is located in the centre of Europe between the Baltic Sea and the Carpathian Mountains, i.e. 49-54° North latitude and 14-24° East longitude. Most of the country forms part of the Central European Plain, hills and many lakes can be found near the seaside. The average altitude is 173 m above sea level. The land rise in the South, forming an upland section;the two main rivers, the Oder (Odra) and Vistula (Wisła) , flow from the south to the north.

Total Area
312.679 km²

Population
38,500,696

Official language
Polish

Political Structure
Republic

Capital
Warsaw

Largest City
Warsaw

Currency
The Zloty