Poland cheaper than China in investment stakes

The Boston Consulting Group (BCG) has presented a report on investment opportunities in Poland. The document concludes that there is no point in seeking savings, moving production and services to China when investment and labor costs in Poland are still far below EU rates and much closer to affluent EU countries. According to the report, Poland can attract as much as EUR 30 billion within the next decade, particularly from companies specializing in production of furniture, steel, auto parts and white goods. Economists at BCG have revealed that launching production in Poland results in average savings of 30% for German enterprises, 27% for Italians, 26% for the French and British, and around 24% for the Spanish. Poland is also a much better place to invest in than China thanks to a beneficial business climate and lack of duty tax for exporting goods to the EU.