Polish leasing sector to grow by 16.5% this year – EFL

According to the Credit Agricole subsidiary, Europejski Fundusz Leasingowy (EFL), the whole leasing market in Poland will grow by 16.5 percent this year. The increase will be mostly in the machinery segment due to the influx of the EU funds. “We expect a two-digit growth in the machinery and equipment sector. Such growth will be influenced by the EU funds and the need to upgrade the current equipment. At end-2016, the production capacity was at 80 percent, which shows the need to upgrade or enhance the current stock,” EFL deputy CEO Radosław Woźniak said. The other growth factors include VAT and legal regulations which most likely will not be changed this year, allowing companies to invest in  their equipment.