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Things to Know About the Business for Takeover Poland
Poland is a nation in Central Europe and divided into 16 administrative subdivisions. Baltic Sea, Russia’s Kaliningrad and Lithuania borders it to the north, Belarus and Ukraine to the east, Slovakia and the Czech Republic to the South, and Germany to the west. Poland’s largest capital city is in Warsaw.
The people of Poland include West Slavic ethnic group indigenous to Poland, and central Europe sharing common ancestry and are indigenous speakers of the Polish language. The population of Poland is estimated to be roughly 39 million inhabitants. Some of the other languages are Kashubian and Silesian.
Following a review of Poland’s GDP in the recent past by the IMF, it was ranked as the 4th in the world behind China. Some of the key drivers were the government expenditures on the enactment of social programs. Poland’s GDP is spawned majorly by the service sector, which accounts for 54.7 percent of the economy. The industrial sector follows closely with 40 percent of the GDP and employs over 28 percent of the workforce. By any standard, doing business in Poland is promising and significantly progressive. Again, Poland stands out as a European growth champion exhibited by the constant paced economic growth averaging to 4.2 percent per annum between 1992-2019. However, Poland has some fair share of risks cited by the deteriorating demographics, aging population, and immigration. Economic pundits continue to have confidence in doing business in Poland.
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