POLANDPOLAND
General information
Full name: Republic of Poland
Capital: Warsaw
Population: 38 million
Surface area: 312 700 km2
Official language: Polish
Currency: Polish złoty (PLN)
After the fall of communism, at the beginning of nineties, Poland chose a path of economic liberalization that entirely transformed the country’s economy and led to a significant increase in economic growth. Over the past 30 years Poland has substantially developed its industry placing it in a highly competitive position on international markets. Poland is the 6th largest economy in Europe and the single largest economy in Central Europe. It is part of the European Union and Schengen Zone. Polish products are of the highest quality and benefit from very competitive prices. Key Polish exports include furniture, foods, motor boats, light aircrafts, hardwood products, casual clothing, shoes and cosmetics. Other notable exports include highly diversified machinery.
Principal Polish investments in African countries include the construction of marine structures (Nigeria, Angola), IT systems implementation (Ethiopia), investment in the chemical industry (Senegal), establishing tractor assembly plants (Ethiopia, Tanzania)), investment in gold mining (Namibia), civil engineering programs (Rwanda) and investments in brewery sector (South Africa).
Polish companies have a competitive edge in, but are not limited to, the following key sectors:
- agricultural, processing and construction machinery
- packaging
- building materials
- real estate development
- renewable energy
- chemical industry
- recycling industry
- furniture
- doors and windows
- food products
- clothes, shoes, and cosmetics
- ICT