Fast growing economy
Poland has pursued a policy of economic liberalization since 1990 and today stands out as a success story among transition economies. Poland is the 6th largest economy in the European Union and one of the fastest growing economies in Central Europe. It is the only member country of the European Union to have avoided a decline in GDP in the aftermath of the recent economic downturn. In the year 2009 Poland created the most GDP growth in the whole EU.
Sixth most populous EU member
The total area of Poland is 312,600 square kilometres, which makes it the ninth largest country in Europe. With a population of over 38 million people, Poland is the sixth most populous member of the European Union.
Poland is a democracy, with a president as a head of state. The president is elected by popular vote every five years. The government structure and executive powers centre on the Council of Ministers, led by a prime minister. The president appoints the cabinet according to the proposals of the prime minister, typically from the majority coalition formed in the parliament (the Sejm). Legislative power lies with the parliament.
Abundant human capital
Poles are one of the best-educated societies in Europe. There are more than 120 state higher education institutions as well as 300 private schools of tertiary education. Two million young people currently studying at the university level make up almost half of the student age population. A young, well educated and ambitious society is Poland’s strongest asset. Creative, highly motivated Polish workers are an excellent base for conducting any form of business. A large supply of human resources is an important factor in a long-term, since Polish wages are up to four times lower than those in Western Europe.