Poland Business
• Main exports: Machinery, transport, food and live animals.
• Main imports: Minerals, fuels, lubricants, chemicals and intermediate manufactured goods.
• Main trade partners: Germany, Italy, France, UK and China.
Economy
Poland became a full member of the European Union on 1 May 2004 and plans to adopt the Euro in 2012. However, despite steadily declining unemployment since 2004 when it stood at 20% (in 2008 it was down to 9.7%), the economy has looked far more vulnerable since the global financial crisis of 2008 took hold. Another possible factor for the decline in unemployment has arguably been attributed the numbers of Poles leaving to find work in other countries. Since 2009 many Polish workers have been returning to the country as temporary jobs in Western Europe dry up, meaning that the potential for future rises in unemployment is growing month on month.
In 2008, growth was at 4.8% whilst inflation was at 4.3%.
Business Etiquette
Office hours: Mon-Fri 0830-1700; traditionally offices were open from 0700-1500.
Conferences & Conventions
Business Contacts
Ulica Trebacka 4, 00-074 Warsaw, Poland
Tel: (022) 630 9600.
Website: www.kig.pl
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