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Industrial Production Growth in Poland

Written by: Editor

Industrial-Production-Growth-in-Poland.jpgAccording to Eurostat, industrial production increased in Poland by 4.9%, in February alone, compared to the same time last year. A similar growth was also recorded in January. Notable industrial sectors in Poland include the manufacturing sector, the energy, and gas sector as well as others such as mining and quarrying. Investors can open a company in Poland that engages in these fields by observing the local registration and licensing requirements.
 

Industrial production in Poland

 
Industrial production increased by 4.9 percent in February, according to data released by Eurostat. The growth was seasonally adjusted and it was calculated on a year-on-year basis. On a monthly basis, industrial production in Poland grew by 0.6 percent.
 
Similarly, industrial production grew in January by 9% on a year-on-year basis. At the beginning of the year, analysis predicted an overall yearly growth of 7.3 percent.
 
According to a separate survey performed by the Polish Central Statistical Office, more than 60 percent of the industrial companies in the country plan on making investments in 2017. This is an improvement compared to last year when only 45 percent of companies that activate in the industrial sector made notable investments.
 
Investors who want to open a company in Poland in the manufacturing business or in another industrial sector need to register the company with the Trade Register and afterward for tax purposes these industries are generally subject to different regulations and control and additional special permits and licenses are needed.
 

Investments in Poland

 
Poland has one of the most important economies in Eastern Europe and a large internal market. These, combined with lower workforce costs than in other EU countries, contribute to Poland’s high level of foreign investment.
 
An important industry in Poland is the manufacturing sector, most notably the chemical manufacturing sector. Other strong sub-sectors in the manufacturing business include the manufacturing of electronics, with an emphasis on television sets.
 
For more detailed information on investments in Poland and the requirements for opening a company here please contact our company formation agents in Poland.
 
 

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