Attracted by higher growth prospects and seeking new business opportunities, more and more Polish companies are looking to expand to foreign markets, including the United States.
Currently, there are obstacles that companies have to overcome.
Two Polish business people, Marcin Piątkowski, CEO & Founder of JAM Vehicles and Jakub Imosa, Co-Founder & CEO of Kotrak Group, explain what expectations they have of the the Transatlantic Trade and Investment Partnership.
Nine months after Latvia introduced the euro, the country has seen a number of benefits: the common currency has significantly lowers the international transfer fees and conversion fees, Latvia uses a global reserves currency which helps remove devaluation risks, the country’s rating has improved and it is now able to take part in the European Monetary Union’s decision process. The Bank of Latvia is also expecting other benefits in the foreign investment area.
“The zloty fulfilled its goal in the time of that crisis but should there be another earthquake around Poland, being outside the Eurozone would be particularly dangerous for the country, its inhabitants and economy. Should we have another typhoon in Europe, similar to the one after the collapse of Lehman Brothers in 2008, we wouldn’t be able to survive even though we are part of the European Union because we’re not in the Eurozone,” says Janusz Piechociński, Poland’s Deputy Prime Minister and Minister of Economy.