After the fall of the communist regime, in 1989, Poland found itself in a new world full of challenges. It was not easy for the country to rise back up, but with the help of a set of drastic but efficient measures and the help of foreign direct investment, Poland is now doing better than ever. 

 

 

In 1989 Poland was in no way the gem it is today. The country was nearly bankrupt, its roads and transport infrastructure did not encourage its neighbour to engage in trade activities and its agriculture sector was used way below its possibilities. However, help came in the form of drastic measures containing, among others, a number of reforms aiming at the country’s market, like reducing price controls and restraining wage increases. After a period of recession, Poland started to grow again. And it has been growing ever since. 

 

The country has done extremely well during the past ten years, after it joined the European Union in 2004. When nearly all the other European countries were going through recession, Poland continued to grow. The country managed to become one of the most important and influential countries in the European Union, alongside Germany, France, Italy and Spain and has gained respect because of its resilience and economic prosperity. Poland’s relationship with Germany has improved over the last years and the two countries have become important business partners.

 

 

Poland’s economic transformation is still unfinished and new reforms are still awaited in business sectors like agriculture. One big step for Poland will be to join the Eurozone. Until then, the nearest challenge is a year with double elections: Poland will have presidential and parliamentary elections in 2015. 

 

Poland will have to avoid being stuck at its current middle level. Poles are a hardworking and valuable workforce and they need to be encouraged to remain in the country because its golden times have only just begun. Predictions for future investments in Poland are optimistic and the country is scheduled to receive an important help from Brussels in the form of EU funds of approximately 106 billion euro by the end of 2020. 

 

By continuing to implement beneficial changes and investing in key areas, Poland will manage to remain one of the most interesting business destinations in Europe for foreigners. If you are interested in opening a company here, please contact our law firm in Poland. We can provide all of the needed legal assistance and help you run your Polish business.