Poland Economy

Working abroad sounds like an adventure to many people. However, job search in Poland requires more than just the obvious Poland CV writing and translation, it requires thorough preparation. You will face problems that probably did not even come to your mind when you decided to get Poland jobs.

Do not take too lightly the influence a work in Poland can have on your adventure! For instance, you will experience the different immigration rules and practices, strange job application procedures, unfamiliar job candidate selection criteria and out of the ordinary management culture.

art_warning Poland EconomyMost visits to Poland are trouble-free but you should be aware of the global risk of indiscriminate international terrorist attacks, which could be against civilian targets, including places frequented by foreigners.

Poland economy - overview: Poland has pursued a policy of economic liberalization since 1990 and today stands out as a success story among transition economies. It is the only country in the European Union to avoid a recession through the 2008-2009 economic downturn.

GDP per capita is still much below the EU average, but is similar to that of the three Baltic States. Since 2004, EU membership and access to EU structural funds have provided a major boost to the economy. Unemployment is falling rapidly, though at roughly 9.7% in 2008, it remains above the EU average. In 2010, inflation reached 2.6%, more than the upper limit of the National Bank of Poland's target range, but climbed to 4.3% in 2011.

Poland's economic performance could improve further if the country addresses some of the remaining deficiencies in its business environment. An inefficient commercial court system, a rigid labor code, bureaucratic red tape and persistent low-level corruption keep the private sector from performing up to its full potential.

Rising demands to fund health care, education, and the state pension system present a challenge to the Poland Government's effort to hold the consolidated public sector budget deficit under 3.0% of GDP, a target which was achieved in 2007-08.

For 2012 the coalition government has proposed further deficit-reducing reforms and to fulfill its promise to enact business-friendly reforms.

Labor force - by occupation: agriculture: 17.4%, industry: 29.2%, services: 53.4% (2005)

Unemployment rate: 12% (2011 est.), 9.7% (2008 est.)

Natural resources: coal, sulfur, copper, natural gas, silver, lead, salt, amber, arable land

Industries: machine building, iron and steel, coal mining, chemicals, shipbuilding, food processing, glass, beverages, textiles

PolandCurrency Poland EconomyCurrency: Zloty (PLN; symbol zł) = 100 groszy. Notes are in denominations of zł 200, 100, 50, 20 and 10. The new coins are in denominations of zł 5, 2 and 1, and 50, 20, 10, 5, 2 and 1 grosz.

Credit/Debit Cards and ATMs: American Express, Diners Club, MasterCard and Visa are accepted in larger establishments. Cash can be obtained from Visa credit and debit cards at banks and from ATMS. Maestro cards are also accepted by some ATMs

Traveler’s Cheques: Readily exchanged but usually more expensive and troublesome than ATM withdrawals. To avoid additional exchange rate charges, travelers are advised to take traveler’s cheques in Pounds Sterling.

Exchange rates: Zlotych (PLN) per US dollar - 2.834 (2011 est.), 3.0171 (2010 est.), 3.1214 (2009), 2.3 (2008), 2.81 (2007), 3.1032 (2006), 3.2355 (2005), 3.6576 (2004), 3.99 (2002), 4.09 (2001), 4.35 (2000), 3.97 (1999), 3.48 (1998)

Note: zlotych is the plural form of zloty

Inflation rate (consumer prices): 4% (2011 est.), 4.3% (2008 est.)

Other Poland Economy Info

We hope that your Poland job search has been successful and you will get Poland visa too. So, if your Poland cover letter and Poland CV are ready, you may distribute them to your prospective employers & recruiters and start preparing for a Poland job interview.

In addition, on the international info, job search, visa, work permit, cover letter, CV & resume, job interview and dress code pages you will find many useful tips for overseas job seekers.

Good luck with the Poland economy info!

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