Economy in Poland and Greece
Podkarpackie voivodeship is famous for many industries, but one of the most developed is the economic industry. Its economic development is not only based on its good location in relation to other countries of the world, but also on its business, scientific and technological advantages, tax allowances and cluster, thanks to which it has gained the position of an innovative centre and has become an attractive destination for entrepreneurs. Moreover, the voivodeship offers well-qualified staff educated at various universities.
Poland’s economic strengths (Podkarpacie)
The region is industrialised in many directions, but the main industries are aviation, electrical machinery, automotive, biotechnology, IT and chemicals. Special economic zones in the Podkarpackie region include the Special Economic Zone EURO-PARK Mielec, Tarnobrzeg Special Economic Zone EURO-PARK WISŁOSAN and Kraków Special Economic Zone. There are high opportunity sectors such as aviation, IT, automotive, quality of life and foundry. Each sector contains particular strengths such as:
- proximity to the developing markets of Central and Eastern Europe,
eastern border of the European Union, - special economic zones, technology parks – business friendly areas,
- large potential in the aviation sector, IT/ICT, electro-mechanical engineering, automotive, biotechnology and chemical sectors, combined with an academic background
- dynamically developing aviation industry – operation of the „Aviation Valley” cluster,
- foreign investment – many international companies are located in the region,
- age structure – young population favourable for economic development,
well developed network of non-governmental organisations supporting regional development, - well educated personnel and relatively low employment costs,
competitive prices of investment land,
well-developed communication network (road, motorway, railway and air connections).
In terms of entities registered in the REGON register of national economy – Podkarpackie voivodship, trade and repair of motor vehicles accounted for the largest share in 2019, followed by construction and manufacturing. The fewest entities were active in the finance and insurance sector.
Greece
Greece is mainly associated with tourism, but it also has a very well developed economic system. In 30 years, thanks to foreign loans, modern Greece has become a developed country with a high rate of social development and quality of life. It was in a much higher position than its neighbours in this respect.
Poland seized the opportunity to enter the Greek market and during the economic crisis convinced Greek importers of Poland’s export offer. The main trading partners among the member states for Greece are: Germany, Italy and the Netherlands, while among third countries: Russia, South Korea, Iraq and China.
The trade exchange between Greece and Poland is mainly based on exports:
- mechanical and electrical machinery and equipment and associated parts
- foodstuffs
- live animals and animal products
- precious metals and articles thereof
- Products of the chemical industry
- products of plant origin
Economic advantages of Greece
Greek workers are the least educated and, together with Spain, they rank first in terms of female unemployment. In addition, Greece’s share of intra-European trade is declining and the high share of the state in the economy is persisting, which also points to systemic delays. Just how difficult Greece’s financial situation remains can be seen from the scale of the country’s debt. The strengths of the economic system of this Balkan state are:
- Industry
- Tourism
- Transport and
- communications
- Agriculture
- Foreign trade
