Family businesses make 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, an employers' association. As much as 24 percent of the private sector employees are working in family companies. What's more, family businesses account for 21 percent of the entire investment spending in the economy. 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.