Since Poland completed the transition from Communism to democracy in 1991, its economy has been growing at an average annual rate of 4 percent.
Between 1995 and 2018 GDP Annual Growth Rate in Poland averaged 4.16 percent so it was the only EU country to avoid recession as a result of the global financial crisis and is today the eighth largest EU economy.
Known for its talent and programming skills, entrepreneurs from the East, Polishes specifically , have participated in some of the best and most successful European startups, planting the seeds for future generations.
The two leading tech centers In Krakow and Warsaw, the two leading tech centers, the last decade has brought some positive changes and advancing innovation of biotech or medtech sectors : with the success stories of the first handful of biotech and medtech companies, dozens of new start-ups in the life science sector have been founded and are now raising private capital.
This private funding could also attract larger amounts of non-dilutive grant funding, coming primarily from the European Structural and Cohesion Funds, of which over €6B has been earmarked for innovative R&D projects until 2023.
Sources : trandingeconomics.com – nytimes.com – thenews.pl – labiotech.eu
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