Wednesday, July 17, 2013

Destination Poland | The Sauce | Bringing you the BPO news that ...

Destination Poland

By Luiza Oleszczuk.

Driving around Warsaw one can?t help noticing some traits of the old, post-soviet Poland ? gray buildings, so typical of Central and Eastern Europe; a few small dingy shops here and there. But enter any of the offices or look at the sparkling shopping centers dotted around the capital you can feel the air of modern Europe and globalised business.

There?s plenty of talk about outsourcing destinations like Chin, India, or the Philippines which has the tendency to overshadow other places, like those in Central and Eastern Europe.

And it would be a pity to bypass these newly advanced economies. Outsourcing business, knowledge and IT processes to that region can be cost-effective and sustainable, as my visit to Poland this June sufficiently confirmed.

During the 2008 ? 2009 financial meltdown that ended up halting GDP growth all over Europe, putting most EU countries in the red and seriously undermining the European banking system ? Poland was the only country in the EU with a growing GDP, which rose 1.8% in 2009, while the EU total economy contracted by 4.2% that year.

This third largest country in ?Emerging Europe? (6th largest in the EU) has survived the storm with stable, strong banks and economy, and a stable, responsive government. Four years later, the investment climate in the country remains attractive ? Poland, with a population of over 38.5 million, is currently the fastest growing economy in Europe. And it?s open for business.

According to the Polish Information and Foreign Investment Agency, the GDP growth will continue in the coming years[1]. But those estimates are shared by large international think tanks, like Ernst&Young, IMF[2] and others. Ernst&Young[3] calls Poland ?One of the most successful CEE [Central and Eastern Europe] reformers? and points out the country is characterized by a ?robust supplier base? and ?people with engineering background.?

It?s good to also remember that Poland is the largest beneficiary of EU subsidies[4], after having joined the union in 2004.

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For full story please visit?http://www.theoutsourcing-guide.com/article/destination-poland/



[1] ?Poland: A Place to Live and Work.? ? Polish Information and Foreign Investment Agency

Source: http://thesauce.net.au/destination-poland/

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