Poland Top Ten Business Destination of the Future

The UKTI/EIU Tomorrow's Markets report identifies Poland as one of the top ten most exciting business destinations of the future.

Commissioned by UK Trade & Investment and written in co-operation with the Economist Intelligence Unit, Tomorrow's Markets gives insights into where global companies will go next in emerging markets, and why. The report, based on the opinions of more than 560 international business executives, ranks Poland as the 7th most exciting business destination of the future.

The UK is one of Poland's leading trade partners. Bilateral trade in 2007 was worth GBP 7.4 billion. This comprised UK exports of goods and services of GBP 3.2 billion and Polish exports of GBP 4.2 billion. There are great opportunities for British exports - both capital and consumer goods markets are growing strongly - for the provision of professional support services to Polish businesses and to bid for contracts linked to the 67 billion Euro of EU funds earmarked for Poland to 2013. There are also major opportunities linked to UEFA Euro 2012, hosted in Poland and Ukraine. Since joining the EU, over 40,000 new businesses set up in the UK have been set up by Polish citizens.

The UKTI/EIU Tomorrow's Markets report identifies Poland as one of the top ten most exciting business destinations of the future.

Commissioned by UK Trade & Investment and written in co-operation with the Economist Intelligence Unit, Tomorrow's Markets gives insights into where global companies will go next in emerging markets, and why. The report, based on the opinions of more than 560 international business executives, ranks Poland as the 7th most exciting business destination of the future.

The UK is one of Poland's leading trade partners. Bilateral trade in 2007 was worth GBP 7.4 billion. This comprised UK exports of goods and services of GBP 3.2 billion and Polish exports of GBP 4.2 billion. There are great opportunities for British exports - both capital and consumer goods markets are growing strongly - for the provision of professional support services to Polish businesses and to bid for contracts linked to the 67 billion Euro of EU funds earmarked for Poland to 2013. There are also major opportunities linked to UEFA Euro 2012, hosted in Poland and Ukraine. Since joining the EU, over 40,000 new businesses set up in the UK have been set up by Polish citizens.

There are already many British investors present in the market. Tesco, BP, GlaxoSmithKline, Pilkington, Aviva and Provident are among the UK blue chips profitably doing business in Poland. Tesco is one of the largest retailers in Poland , its supply chains there also supply the Polish goods available in Tesco Stores in the UK.

The World Bank's forecast for the Polish economy, released on 30 October, suggests that GDP will grow by 4.0% in 2009. It will be the fastest growing of the EU's larger markets. Growth-focused UK companies that have not yet looked at Poland must do so or risk missing a significant opportunity.