Family business makes up 18% of GDP - report

Family businesses are responsible for 18 percent of Polish GDP and 25 percent of GDP created by the private sector, according to a report by Konfederacja Lewiatan. As much as 24 percent of employed in the enterprise sector is working in family companies. What's more, 21 percent of investment spendings in the economy are made by family businesses. Almost one third of micro, small and medium sized companies in Poland are family businesses, of which 37 percent has been operating on the Polish market for more than 20 years.