and Contract Brokers
The following reasons creates an unprecedented business environment
Why ICCB suggests Poland,
Or, Other Eastern European Countries
In 1992, Poland became the first East European country
to start emerging from a post-Communist recession,
with their GDP rising a modest 1.5%.
Relatively low labor costs: Labor is relatively inexpensive and supply continues to exceed demand. The Polish wage is still significantly lower than wages in the USA and Western European countries.
USA Outsourcing: Opportunities for outsourcing, trade and investment continues to exist across virtually all sectors of Poland. In year 2002, foreign investments in Poland exceeded $5.9 billion US Dollars.
Growth: By many standards, Poland has been the fastest growing mid to large size country in Europe. A vibrant free market based economy has emerged and a dynamic and growing private sector now dominates the economy.
High technology niches: The conversion of military enterprises has provided broad opportunities for foreign investment. These enterprises have a highly qualified, disciplined workforce and many have access to modern technology and equipment. They are use to strict quality control and are experienced in flexible manufacturing development, applying new inventions and scientific achievements. These resources are now also available for foreign partners.
Highly educated population: There is a highly educated population, which is ready for retraining. The workforce is qualified and eager to work. English is a common second language. The USA and Poland enjoy a warm bilateral relationship.
Vast market: Strong internal demand for all kinds of goods and services and insufficient supply from local sources create a gap that is largely covered by imports.
Ideal location between the West and the East: Poland is strategically located between the USA and many developing countries and emerging markets
Fast growth of competitive export-oriented industries: Foreign investors have the opportunity to use modernized Eastern European factories as producers and suppliers of competitively priced goods worldwide.
Strong support for investors from federal; and regional authorities: The Polish economic recovery has occurred in a large part due to the government's sound fiscal and monetary policies. Poland political leaders have continuously given strong support to USA joint ventures and investments.
Joint ventures: Joint ventures as a form of business are abundant in Poland, including those between Polish and Western partners.
Other Business Entities: Besides joint ventures, USA companies may establish other business entities in Poland.
Some of the same advantages can apply to Russia, also
the New Independent States (NIS), Central and
Eastern Europe (CEE) and to Asian Countries