Bibby Line Group plans to use Poland as a launching pad

According to the estimates of Factoring Institutions Conference (KIF), Poland accounts for zł.14 billion out of total global turnover of EUR 1 trillion. "The market is at the beginning of dynamic development path. Growth potential should amount to 20% annually over the next five to ten years," said Michael Bibby, director of the Bibby Line Group. So far the firm has provided services to about 200 enterprises. The company is considering opening more offices alongside its branches in Warsaw and Katowice. "Due to the fact that Poland had strong economic links with Democratic Republic of Germany, the concept was to provide services also on the German market," said Bibby. He went on to say that the company has reached a level from which external expansion and foreign development is possible. The firm hopes to increase its stake in the Polish market to 2.4% after Q1 2006. (Puls Biznesu, p. 15) M.M.