Polish exports jump
An update, for those interested. From the Warsaw Business Journal:
Polish exports soar while imports fall
During 11 months of 2004, from January to the end of November, there was a dramatic rise in exports and a lower increase in imports. The value of exported goods was EUR 54.3 billion, a 24.8% rise, while import rose by 18% and was worth EUR 65 billion. The surge in exports over imports caused the foreign trade deficit to decrease by EUR 800 million to EUR 10.7 billion. Exports to EU countries also rose by 22.3% to reach 79.4% of total exports. The value of exports to Germany rose only by 15.7% while exports to Italy, UK and the Czech Republic - by over 34%. Exports to Russia saw the highest increase, by 68% to over EUR 2 billion.
my feed
1 Comments:
Just talked to somebody yesterday who said that while the strong złoty hurts, it doesn't hurt as much as the difference between the euro and the dollar. Plus, there are the two extra advantages of Poland being centrally located and having low labor costs.
The central location has a lot to do with it. Foreign companies are building huge European service and logistic centers here -- and taking advantage of special economic zones in places like Łódź (pronounced "woodge").
Post a Comment
< Main