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General Trade Confidence Indicators Up in Early 2017

Written by: Editor

General-Trade-Confidence-Indicators-Up-in-Early-2017.jpgThe wholesale and retail sectors recorded a positive growth in the first two months of 2017, leading to an overall trade confidence increase in Poland. These two business sectors were followed by a positive year-on-year growth in the industrial sector. Overall, Poland’s GDP recorded its most significant growth rate since the end of 2007. Investors who are interested in Polish company formation enjoy full foreign ownership and various business opportunities in the trade sector.

Trade confidence boost

 
In February, the general trade indicators in Poland increased to 4.6 percent for the wholesale sector, after recording a 2.5 percent increase in January. The retail sector also recorded an increase of 7 percent in February and a 6.3 increase in January.
 
Poland’s economy advanced at the end of 2016 and the 1.7 percent growth at the end of the year marks the most significant improvement in the GDP expansion since the last quarter of 2007. The trade sector has a significant contribution to this, as both exports and imports grew in the third quarter last year.
 
Investors who open a company in Poland in the trade sector will need to obtain special permits and licenses for functioning. One of our agents is able to provide adequate information on these requirements. 

Doing business in Poland in 2017

 
The wholesale and retail sectors were not the only sectors to record a growth as early as January and February 2017. The industrial sector, particularly the production of electricity, gas or air conditioning, recorded a 9 percent year-on-year growth.
 
Investors in Poland have access to a large internal market and various types of companies that can suit their business needs.
 
Poland has seen a positive increase in its GDP growth rate in the fourth quarter of 2016 (a 1.7 percent economy advance), the strongest growth since 2007.
 
For detailed information on how to open a company in Poland and various details related to foreign investments in the country, please contact us.
 
Our Polish company formation agents are able to help you during the incorporation phase.
 
 

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