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Thursday, 25.04.2024, 19:03
Chamber invites Estonian businesses to pay more attention to Polish market
Photo: koda.ee |
"Although countries of Central Europe, such as Poland and Austria, are
situated rather close to Estonia, Estonian companies have not viewed these
countries as important export destinations so far. We find that Central Europe
is one of the best options for expanding one's reach to the west," Piret
Potisepp, director of services at the Estonian Chamber of Commerce and
Industry, said in a press release.
A survey conducted among Estonian businesses active in Poland shows
that there are several advantages in exporting one's products to Poland.
"The main advantages named by entrepreneurs are that Poland is
situated quite close to Estonia and has a market of 38.3 million consumers,
which is significant compared with Estonia," Sven Mases, economic
adviser at the Estonian embassy in Poland, said.
The adviser described Poland as having a positive long-term perspective,
meaning that economic growth there is set to continue at an annual rate of
3.5% on average until the middle of the century.
As downsides of the Polish market, Mases named intense competition, a
changing tax environment, excessive red tape and the need to handle one's
business in Polish language alone.