UK corporations plan to boost employment in Poland – The First Information


“Since 1995, commerce between Poland and the UK elevated by practically 500 p.c and its construction contains an rising share of highly-advanced items and companies,” Deloitte stated in a Wednesday assertion that accompanied the report.
Deloitte

Three out of 4 corporations owned or co-owned by British buyers are planning to extend employment and funding outlays in Poland, based on a report on Polish-UK financial relations, ready by consulting agency Deloitte.

British corporations make use of practically 115,000 individuals in Poland, the report reveals.

“Since 1995, commerce between Poland and the UK elevated by practically 500 p.c and its construction contains an rising share of highly-advanced items and companies,” Deloitte stated in a Wednesday assertion that accompanied the report.

Poland’s exports to the UK went up from beneath USD 1 bln in 1995 to USD 16.6 bln in 2018, based on the report. Polish imports from the UK elevated from USD 1.5 bln to USD 6.5 bln over the identical interval.

UK corporations invested PLN 48 bln (EUR 11 bln) in Poland till 2017, because of which Poland’s GDP was greater by PLN 15 bln (EUR three.44 bln) in 2017.

Within the first quarter of 2019, the UK’s share in Polish exports amounted to six.6 p.c and Britain stays certainly one of Poland’s key commerce companions, the report observes.

In 2016, there have been 387 non-financial British corporations working in Poland that employed a minimum of 10 individuals, and their complete employment was greater than 110,000. British monetary corporations make use of greater than four,000 individuals within the nation.

“Poland is seen positively (by British buyers – PAP) because of the measurement of its financial system and its rising integration with the worldwide financial system and the EU market, and owing to the accessibility of native suppliers of products and companies,” Antoni F. Reczek, head of the British-Polish Chamber of Commerce, was quoted as saying within the report.

Firms with British capital “are planning to proceed their improvement on the Polish market as, statistically, three out of 4 corporations need to enhance their employment and funding outlays,” Reczek added.

The report, whose companions embody the British Embassy in Warsaw and the British-Polish Chamber of Commerce, was created as half a programme marking the 100th anniversary of restoring diplomatic relations between Poland and the UK.

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