WARSAW: Polish capital, Warsaw, is a city where skyscrapers multiply and dwarf the Communist-era Palace of Culture. Global companies have set up regional bases here, profiting from a skilled work force, lower costs and a business-friendly climate. Among them, the American financial giant Goldman Sachs, which has plans to boost its work force in Poland this year.
“Talent, and if I look at the capabilities that we’ve been able to find over the last couple of years in Poland, it’s impressive. Language skills, strong technical engineering skills, skills in banking and various areas that we support. Anything that we can find anywhere across the globe. We’re about 570 people right now, so I think we will be about 750 by the end of this year.” Back at the Warsaw Stock Exchange, despite recent global market turbulence, there’s still confidence in Poland’s economic fundamentals keeping the country attractive for investment. Poland’s economy has grown at a rate of about 4% annually since the 1990s, thanks in part to investment from abroad.
Euronews spoke with the president of the Polish Investment and Trade Agency, Tomasz Pisula, who said: “With the development of the Polish economy, we definitely started seeing more companies coming here not only to simply produce something of, let’s say mass quality, but actually produce some things that are of higher added value, more sophisticated products.” Euronews’ Chris Burns asked Pisula about what the agency is doing to make it better for start-ups to start up here. When asked how the special economic zones were benefiting foreign direct investment, Pisula said: “We try to roll the red carpet out to every foreign investor.”
“However, if he actually brings in, let’s say, sophisticated technology which in the long term benefits the Polish economy, helps to develop the Polish labour force for example, then we try to provide additional incentives. We try to basically try to make things happen for him.”
In another Special Economic Zone, the snack food giant Mondelēz has a research, development and quality centre in an area full of international companies. With workers from around the world, the centre develops new products and tests existing ones, taking into account local and regional tastes. And in Poland we also have very good access to a rich pool of talented technological or technical professionals.”
