Europe’s growth champion, Poland is very well positioned to compete in the international market for software development talent – large US companies, such as IBM, Intel, Google and Motorola, have already set up operations there. The creation of the Polish Investment Zone in 2018 effectively turned the country into a special economic zone, where setting up or developing a company can qualify for tax exemptions.
Talent Pool & Education
Poland has been described by tech leaders as a “hotbed of opportunity” and government tax incentives make it a top choice for software outsourcing. According to the National Science Foundation, 43% of Poles aged 25-34 have a bachelor’s degree or higher in technology or software development. With some 450,000 IT specialists, it’s the largest talent pool in the Central and Eastern Europe region, and investment in startups is on track to exceed €1 billion by the end of 2022.
The official language is Polish, but English is widely spoken.
Ambitious labor market reforms, investments in productivity enhancement and the green transition could boost growth potential to 4% in the coming years, according to a 2022 World Bank report. After a swift rebound from recession, the economy has cooled, with Russia’s invasion of Ukraine bringing war to Poland’s doorstep. Inflation is expected to remain elevated through 2023.
Poland’s right-wing coalition, led by Prime Minister Mateusz Morawiecki, has held together despite internal disputes. The country goes back to the polls in late 2023, although there has already been talk of an early election. A recent report by the Pew Research Center found 94% of Poles saw Russia as a major threat while favorable views of the US and the European Union have hit a record high.