Economic cooperation between Poland and Estonia more and more intense

According to information provided by the Ministry of Foreign Affairs, in 2020 trade between Poland and Estonia increased by 6 percent. Moreover, the state of Estonian direct investments in Poland at the end of 2020 amounted to €188 million (annual change +20 percent), which constitutes 2.1 percent of Estonian capital invested abroad and puts Poland in 8th position in this category, according to data Eesti Pank. Recently, economic relations have strengthened even more by opening a new branch of Tavex in Gdynia, where, among others, was The Ambassador of the Republic of Estonia in Poland, Mr. Martin Roger. The choice of the location of the new facility was not accidental.

"Tri-City is known on the business map of Poland. What is conducive to the opening of new branches is the growing interest in investments among Poles. We learn that a bank deposit is not the only solution and it will not save our financial resources from inflation. Poles see the need to invest some of their savings in physical gold more and more," Aleksander Pawlak, President of the Management Board at Tavex, pointed out.

"Tavex comes from Estonia. Having been in the company for over six years, I have been observing how our work cultures differ. Estonians are open to new spaces, to a new place – probably because their market is quite small – they care about it a lot wanting to reach out to external customers. They are characterized by an open approach to the needs and requirements of business partners. This is something we can learn from them," Aleksander Pawlak added.

(WBJ)