Nestled in central northern Europe, Poland
occupies a pivotal geographic position and is a stepping stone
between the east and west of the continent. Thanks to its
situation, it is rapidly becoming one of Europe’s key business
regions and continues to receive high levels of FDI. In 2006 FDI
totalled 15,061 million Euros (Stats from National Bank of Poland),
an 81.9% increase from the previous 12 months, 87.9% of which was
invested from European Countries alone.
Alongside its prevalent commercial strengths,
the country is also blessed with a rich culture. Home to both
contemporary and medieval towns, the land maintains the essence of
its ancient traditions whilst keeping abreast of modernity.
Peppered with a mix of towering mountains, gushing streams, and the
oldest primeval forest in Europe, Poland is home to the last of the
European bison and the coveted amber gem stone.
Since joining the EU in 2004, Poland’s
economy has gone from strength to strength with a GDP that is
equally distributed between the consumption, investment and export
sectors. Year on year, the country has shown healthy growth, often
outperforming predictions and achieved 6.5% GDP growth in 2007.
Unemployment in Poland is still high compared with the EU average
but continues to decrease gradually, currently standing at 11%,
with the majority of unemployed people living in rural areas.
Economic growth is expected to increase dramatically when Poland
joins the Euro zone in 2009 and when it hosts the 2012 UEFA
Football Championships.
Still in this Chapter
Is this is good place to Buy?
Which type of Property should you go for?
Hotspots
The Purchase Process
Mortgages
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