Polish SMEs perform better in CEE - report
17:08
Despite legal, administrative and tax difficulties there has been a significant improvement in doing business in CEE, according to Business risks and opportunities in Central and Eastern Europe report prepared by TMF Group and published by The Economist Intelligence Unit (EIU). Polish small and medium enterprises are among the biggest beneficiaries of the positive changes.
Polish SMEs profit the most from various programs which encourage to pursue investment initiatives and allow to be granted with tax-exemptions. In addition, foreign investors have become more interested in Polish market due to growing manufacturing costs in China and the entire Asia, the report pointed out. Poland is the largest and the strongest player in Central Eastern Europe and the third largest outsourcing center in the world. What is more, the Polish government has taken action to improve conditions for business activity, the report also showed. "Manufacturing costs and the costs of services in Poland are still competitive. However, costs of doing business have been increasing, which may be a limitation to our advantages in relation to the other countries of the region," Mikołaj Pluciński, the managing director of TMF Group Polska.
