Poland’s electronics industry has emerged in recent years as one of the most significant in Europe. Poland is home to many renowned producers of electronics and home appliances, including increasingly popular LCD-screen TVs. 50% of Europe’s LCD TV production comes from Poland. Foreign investment has taken place in every area of the electronics market from computers to telecoms, components and also audio video. Dependable employees, excellent universities and a strategic location make Poland the most competitive choice in the region.
Domestic appliance market
Poland is an excellent location for domestic appliance factories. Most of the world’s firms form this sector have already invested in Poland. The greatest assets of the domestic appliance market in Poland are investment incentives, strong support from the local government, sites prepared for investment and highly skilled workers. Another advantage of Poland is its excellent geographical location - at the heart of Europe - which makes Poland very attractive place for developing production assigned for export. Additionally, there is alarge domestic market, which amounts to over 14 million households.
The renewable energy sectors offers many investment opportunities. Poland has set ambitious targets for 2020 in line with EU regulations: to increase the proportion of energy from renewable sources in final energy consumption up to 15,5% in 2020 (19,3% for electricity, 17% for heating and cooling, 10,2% for transportation fuels). The involvement of both foreign and Polish capital has resulted in the rapid development of wind energy and the increasing use of biomass for energy purposes.
The Polish automotive sector is one of the largest in Europe. Current and potential investors are drawn by a productive and cost-effective labour force, proximity to major Original Equipment Manufacturers and high-end manufacturing quality. In addition to the motor vehicle assembling plants of General Motors, Fiat and Volkswagen, Poland is home to producers of engines, engine components and wide range of automotive parts. With the 800 million euro greenfield investment in a new VolkswagenCrafter manufacturing plant in Wrzesnia even more momentum will be given to this sector’s growth. In 2016 Mercedens-Benz and Toyota announced investment plans worth 500 million euro and 150 million euro respectively.
With a century-long tradition of aviation and over 80 years of aerospace industry, Poland stands out as one of the best locations in Europe for development and fulfilment of aeronautic projects. The industry covers aircraft and aircraft parts production, maintenance and overhaul, scientific research and pilot training. Thus, it is not coincidence that a number of multinational aerospace corporations are present in Poland and over 90% of their production is exported. Poland has also a strong base of small and medium-size enterprises constituting a wide chain of suppliers for companies such as Boeing, Airbus and Embraer.
Civil engineering and construction traditions have a deep impact on the Polish economy. Real estate is one of the leading investment sectors that unites modern technologies with building materials and the supply chain of construction machines, giving a flexible but highly profitable approach to new direct investments in this sector.
Business Services Centers
International corporations see Poland as an excellent place for locating their global business support operations, such as finance and accounting, HR support, IT, supply chain and customer services functions. Poland has already become the European centre of Base Station Subsystem hiring about 212 000 skilled employees and providing support in more than 40 languages. The success of Business Process Outsourcing and Shared Service Center firms has resulted is growing investor interest in much more complex operations: Centres of Excellence (CoE) and the knowledge process outsourcing (KPO) sector. KPO involves higher-end analytics and analysis, providing organizations with strategic and tactical decision-making tools. Factors influencing investors’ decisions regarding the location of KPO investments include: the availability of highly qualified human resources, infrastructure, telecommunications and technological support, as well intellectual property and data security regulations.
The quality of Polish scientific and technical thought is confirmed by the fact that the largest global corporations tend to locate their R&D centers in our country. There are 182 operational research and development centers in Poland, employing 33 000 Polish scientists and specialist. Most of them work for the telecommunications, financial, automotive, chemical, aviation, food and IT sectors. These centers are mainly located in large urban areas with extensive academic facilities and developed infrastructure thus catering attractive living conditions for potential employees. The R&D expenditures in the years 2014-2020 will be supported by EU founds of 7,6 billion euro.
The Polish IT markets is he second largest in Central and Eastern Europe. The main factors leading to Poland’s international recognition in IT are Polish IT specialists, as well as the quality of the services provided, the high level of creativity, the availability of a high quality infrastructure and cost effectiveness. According to Euromoney, the IT services segment is expected to grow at 8,2% per annum between 2015 and 2019 while the software segment is expected to grow at 7,4% per annum. The computer hardware segment is expected to grow 3,2% per annum between 2015 and 2019.
Biotechnology and pharmaceutics
Modern biotechnology and pharmaceutics are becoming more and more important for the economic development of Poland. The dominant branch of this sector is biotechnology used in medicine, pharmacy, plant growing and animal breeding. The continuous development of bio-substances and biofuels production technologies is practical noteworthy. Hormones, antibodies and diagnostic tests, all generated with the use of modern genetic engineering techniques, are becoming a specialty of Polish biotechnology industry. Pharmaceutical companies, based in Poland have already gained trust from the customers and investors and are expending vastly to gain new foreign markets. The most significant advantage of Poland in these fields are the high research potential and highly educated scientists with unique qualifications.
The medical equipment sector has a huge amount of potential. According to analysts’ forecasts, prepared by the research agency PMR, a regular increase in this are between 2016 and 2021 which is expected to be at level of 7% a year. Polish procedures offer high quality medical equipment produced using innovative technological solutions and these are characterized by their modern design.
The healthcare sector is one of the fastest developing sectors in Poland. Patients have more than 20 000 dental clinics and surgeries, more than 500 aesthetic medicine clinics and nearly 1500 hospitals at their disposal. There has also been dynamic growth in the number of SPA & Wellness facilities. The main advantages of the Polish healthcare sector are the high professional quality of Polish specialist, high quality of services, short waiting time for treatment, competitive process of treatment and modern medical equipment.
The Polish food sector is the seventh largest food producer in the European Union. Poland is an important European and global producer of agricultural and horticultural products, as well as products of animal origin. We were the European Union leader in the production of apples, carrots, and soft fruit (mainly sour cherries, cherries, raspberries and currants), and one of the leading producers of strawberries. The products of Polish orchards and gardens, as well as processed fruit and vegetables, are greatly appreciated by domestic as well as foreign consumers and are a synonym of tasty, healthy and safe food. Poland also belongs to the biggest producers of red meat in EU and is the biggest geese producer in Europe. And last, but not least Poland is one of the leading grain producers in the European Union.
In addition to large full services shipyards, Poland is also home to a number of boatyard where quality yachts and motorboats are produced, most of which are exported. Export constitutes 90% of the production of yachting sector itself, Attention to detail excellent craftsmanship and superb engineering have solidified a reputation for fine boats, and Polish-produced models have been gaging an increasing amount of attention at international boat shows and fairs.
Polish cosmetics are enjoying rising popularity not only in Poland, but also abroad. The main advantages of the Polish cosmetics industry are: experience, the highest level of quality, the use of innovative solutions in the cosmetics production, high-qualified and professional personnel, taking care of aesthetic qualities and modern design. Additional assets are highly developed sectors supporting the production of cosmetics.
Industrial design is medium of aesthetic values, it allows for the promotion of symbols, signs and traditions that create the identity of countries and nations. It helps to identify products with their home country. It also intensifies economic economics relations and is an important incentive for current and future trade exchange.
Poland has long tradition within the fashion industry and textile manufacturing. Nowadays, the Polish fashion industry is setting fashion and prêt-à-porter standards participating in Fashion Weeks all over the world form Milan to Tokyo.
Creativity, innovation and modern textile factories make Poland second to none in terms of being a place to initiative fashion start-ups or extend production lines of already existing brands.
Also Polish jewelry is highly appreciated abroad High quality, style and the innovative solutions, have gained recognition amongst clients from Europe, the U.S. and Asia. Among other things, designers use amber and striped flint.
The Polish industry is developing extremely fast. Since the political transition, the production of this sector has increased by 61 times! Today, Poland is the economic leader of Central Eastern Europe and the 4th largest European manufacturer of furniture. Almost 90% of the total furniture production is exported. It makes the sector he country’s biggest net exporter with 5,2 billion euro of surpluses that no other Polish industry has ever reached. Moreover, Poland is one of the world’s biggest exporters of upholstery furniture for living rooms and dining rooms as well as furniture accessories.
Source: Polish Investment and Trade Agnecy, Poland your business Partner. Invest in Poland.