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Scrutiny
  
Polish prospects
are prominently bright
26/07/2007

An economic success story is surely getting scripted in Poland, which has recently emerged as a promising economy in East-Europe, thanks to the multifarious economic reforms.

Poland after becoming a democracy in 1989 has liberalised its economy, initiated reforms & privatised small & medium state owned enterprises. These resulted in impressive economic growth, raised standard of living as well as making it a business destination for investors & importers from many European countries & even USA. CIA reports reveal that, Poland had received $100 billion FDI (foreign direct investment) and inflow of FDI has exceeded over $10 billion in 2006 alone. The country is now known as ‘Flying Eagle of Europe’ due to its sustained remarkable economic performance. Poland boasts of 99.8% literacy rate. Rapid growth of privatisation has generated a whopping 300,000 jobs last year. Exports for the year 2007 are estimated to cross 100 billion euros! With increase in entrepreneurial energies & private sector’s role in the economy, the magnitude & momentum of growth will only head North Pole!

By:- B&E
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